Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after defaultMichael Shvo's luxury condo project in Beverly Hills has defaulted on a $200 million mortgage, prompting plans for a bulk sale of remaining units.
Bonnis Defaults on Sonder Short-Term Rental Hotel in DTLACanadian investment firm Bonnis Properties defaulted on a $56.4 million loan tied to Foreman & Clark building in Downtown LA, now occupied by Sonder.