The two loan defaults for the prominent buildings suggest that the post-coronavirus economic maladies that have afflicted the commercial property markets in the Bay Area have yet to run their course.
A downtown Berkeley mixed-use office and retail building known as Constitution Square at 2168 Shattuck Avenue is in default on an $11.8 million loan that was obtained in 2018. An affiliate headed up by Harvest Properties, a veteran Bay Area developer, and Independencia Asset Management owns the building whose loan is in default. JPMorgan Chase Bank is the lender.
[
add
]
[
|
|
...
]