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Home Commercial Mani Brothers Scoop Up Santa Monica’s 55,000 SQFT Clock Tower Building for $28.5MM, Half Rockwood’s 2019 Price
CommercialFinanceIndustry NewsLos Angeles

Mani Brothers Scoop Up Santa Monica’s 55,000 SQFT Clock Tower Building for $28.5MM, Half Rockwood’s 2019 Price

November 5, 20262 Mins read38
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Santa Monica beach with downtown in the background
Photo by Cédric Dhaenens on Unsplash
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An entity tied to the Mani brothers has taken the century-old Clock Tower Building at 225 Santa Monica Blvd. out of receivership for $28.5 million and assumed its CMBS loan, closing the book on Rockwood Capital's $58 million bet at roughly half the price.

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