#defaulted-loans

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therealdeal.com
5 months ago
LA real estate

First Citizens Pays $87M for Santa Monica Office Building

Realty Bancorp Equities has sold a Santa Monica office building for $86.7 million, nearly a year after defaulting on $100 million in loans.
The sale price of $1,131 per square foot is one of the highest office deal prices in the last three years in L.A. County. [ more ]
therealdeal.com
6 months ago
LA real estate

Shangri-La Industries Sued Over Project Homekey Loan

Shangri-La Industries has defaulted on loans tied to seven hotels slated for Project Homekey conversions in California.
One of the lenders has filed a cross-complaint asking the court to appoint a receiver on the development if the court approves the application on Friday. [ more ]
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