#office-building
#office-building

San Jose office building is seized by lender as real estate woes widen

San Jose office building foreclosed due to delinquent loan.

Property previously owned by Alviso Park now owned by lender due to foreclosure. [ more ]

www.mercurynews.com

Court receiver seizes control of big San Jose building in loan default

A 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. [ more ]

www.mercurynews.com

Court receiver seizes control of big San Jose building in loan default

A 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. [ more ]

moresan-jose

therealdeal.com

Legendary Development Wins Approval for LA Office Building

Legendary Development wins approval for 18-story office building in Downtown L.A.'s Arts District after denial of appeal.

The project will feature 308,000 square feet of offices, 8,100 square feet of ground-floor restaurants, and a 660-car garage, inspired by the Arts District's utilitarian style. [ more ]

therealdeal.com

2 months ago

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. [ more ]

therealdeal.com

Dollinger Properties Lists Brea Office for Sale at Discount

Dollinger Properties is selling a 146,000-square-foot office building in Brea for less than its purchase price in 2019

The asking price for the property is $27 million, which would represent a 20% discount from the purchase price [ more ]

therealdeal.com

SteelWave and Barings Give El Segundo Building to Lender

SteelWave and Barings have surrendered a 164,400-square-foot office building in El Segundo to a lender after facing $53.1 million in troubled debt tied to the property.

The affiliate, San Mateo-based 2160 GRAND PO, borrowed $69.6 million from New York-based New York Life to revamp the property, and the renovation was completed in 2022. [ more ]

therealdeal.com

CalSTRS scores $70M Refinance on West LA Office Building

The California State Teachers' Retirement System (CalSTRS) has received a $70 million loan to refinance its office building on Wilshire Boulevard.

Wells Fargo Bank provided the senior mortgage, and $51.5 million of the loan will be included in a commercial mortgage-backed securities (CMBS) deal. [ more ]

therealdeal.com

4 months ago

San Bernardino County Buys Office Building for $27M

San Bernardino County purchases a 115,500-square-foot office building for $26.8 million.

Harbor Associates and Taconic Capital Advisors sell the final building in their Tri-City Corporate Centre portfolio for $26.8 million. [ more ]

Miami Herald

Miami

A South Beach Burger King site meets a prize-winning architect. See what's coming

A real estate developer plans to replace a Burger King with a boutique office building in Miami Beach.

The new office building is designed to cater to the wealth moving into the region. [ more ]

designboom | architecture & design magazine

Design

perforated metallic shell extends c-project's exposed concrete base in south korea

C-project blends storage & office space

Exposed concrete offers solidity & sophistication [ more ]

www.mercurynews.com

Downtown San Jose office building faces seizure over payment dispute: docs

A downtown San Jose office building is caught in a legal battle between the owner, an affiliate controlled by WeWork's co-founder Adam Neumann, and construction company Build Group.

Build Group filed a legal action against the owner claiming unpaid fees for construction work on the building.

The lawsuit remains unresolved and further court hearings are scheduled for June 2023. [ more ]

Los Angeles Times

22 years ago

Shubert Theatre to Be Razed for Offices

Plans to demolish ABC Entertainment Center and Shubert Theatre in Los Angeles to construct a 15-story office building have been announced.

The redevelopment project is expected to cost about $280 million and be completed within three or four years. [ more ]

Los Angeles Times

38 years ago