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Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after default

Michael Shvo's luxury condo project in Beverly Hills has defaulted on a $200 million mortgage, prompting plans for a bulk sale of remaining units.

Edge Principal Defaults on Culver City Office Loan

Real estate firm Edge Principal Advisors has defaulted on a $39 million loan tied to an office complex in Culver City.
The property, located at 6101 Centinela Avenue, was acquired by Edge Principal Advisors for $44 million in 2017.
The default comes as an increasing number of real estate firms are facing financial distress due to a record amount of commercial real estate debt maturing in the next four years.

Mack Schedules Auction on Two TA Partners Irvine Projects

TA Partners is at risk of losing two large multifamily projects in Irvine due to defaulting on $200 million in loans from Mack Real Estate.
The loans were set to mature in 2027, but TA owed $11 million as of Oct. 1, prompting Mack to file notices of default.

Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after default

Michael Shvo's luxury condo project in Beverly Hills has defaulted on a $200 million mortgage, prompting plans for a bulk sale of remaining units.

Edge Principal Defaults on Culver City Office Loan

Real estate firm Edge Principal Advisors has defaulted on a $39 million loan tied to an office complex in Culver City.
The property, located at 6101 Centinela Avenue, was acquired by Edge Principal Advisors for $44 million in 2017.
The default comes as an increasing number of real estate firms are facing financial distress due to a record amount of commercial real estate debt maturing in the next four years.

Mack Schedules Auction on Two TA Partners Irvine Projects

TA Partners is at risk of losing two large multifamily projects in Irvine due to defaulting on $200 million in loans from Mack Real Estate.
The loans were set to mature in 2027, but TA owed $11 million as of Oct. 1, prompting Mack to file notices of default.
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Starwood, Artisan Default on El Segundo Office Loan

Real estate firms Starwood Capital and Artisan Ventures have defaulted on an $84.8 million loan from MetLife Investment Management for an office building in El Segundo.
Starwood and Artisan had planned to redevelop a neighboring parking lot into office space and a parking structure, but the plans were in the beginning stages.

Bonnis Defaults on Sonder Short-Term Rental Hotel in DTLA

Canadian investment firm Bonnis Properties defaulted on a $56.4 million loan tied to Foreman & Clark building in Downtown LA, now occupied by Sonder.
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