#loan-defaults

#loan-defaults

Commercial real estate loan defaults surged in Southern California, particularly in the office and retail sectors, driven by declining occupancy and economic pressures.

Improving economy reduces loan defaults for Lloyds customers.

Washington, D.C., office market facing challenges with high vacancy rates and diminishing property values despite upcoming presidential election.

TA Partners filed for bankruptcy after facing distress due to loan defaults.

The bankruptcy filing relates to a development site in Playa Vista where a residential complex was planned.

Seismic shifts in the Bay Area office market due to the pandemic have led to loan defaults and foreclosure proceedings.

The office building at 10 West Tasman Drive in San Jose is facing foreclosure due to delinquency on a $29 million loan.

Two East Bay office buildings in Berkeley and Oakland are facing foreclosure due to loan defaults, signaling weakness in the commercial property sector in the Bay Area.

Constitution Square in Berkeley and a downtown Oakland office tower have defaulted on loans of $11.8 million and $10 million respectively.