Court receiver seizes control of big San Jose building in loan defaultA court receiver has taken control of a delinquent office building in San Jose due to economic woes in the commercial property market.The building's owner, Vista Investment Group, owes $24.3 million on the loan and is facing foreclosure.
Court receiver seizes control of big San Jose building in loan defaultA San Jose office building is being seized by a court receiver after falling into delinquency on its loan.The building's owner, Vista Investment Group, is facing foreclosure and the receiver has been authorized to find a tenant for the property.
Court receiver seizes control of big San Jose building in loan defaultA court receiver has taken control of a delinquent office building in San Jose due to economic woes in the commercial property market.The building's owner, Vista Investment Group, owes $24.3 million on the loan and is facing foreclosure.
Court receiver seizes control of big San Jose building in loan defaultA San Jose office building is being seized by a court receiver after falling into delinquency on its loan.The building's owner, Vista Investment Group, is facing foreclosure and the receiver has been authorized to find a tenant for the property.
Downtown Oakland tower is seized by lender as Bay Area office woes widenA downtown Oakland office tower was foreclosed on due to plummeting real estate values, reflecting struggles in the Bay Area commercial property market.