Equitable Plaza Foreclosure: Inside the $85MM Default by Jamison Properties

The Koreatown commercial real estate scene has hit a major turning point. Jamison Properties, a dominant player in the area’s market, is facing foreclosure on Equitable Plaza. The 34-story building at 3435 Wilshire Boulevard in Los Angeles has been placed in jeopardy following a default on a nearly $85 million commercial mortgage-backed securities (CMBS) loan. […]