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Home Commercial Bank OZK Seizes Redcar’s 86,000 SQFT Santa Monica Office Complex After $50MM Loan Sours
CommercialFinanceIndustry NewsLeasingLos Angeles

Bank OZK Seizes Redcar’s 86,000 SQFT Santa Monica Office Complex After $50MM Loan Sours

May 18, 20264 Mins read630
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Newly built 1650 Euclid Street and two adjacent parcels go back to the lender via deed in lieu, marking one of Silicon Beach's most visible construction-loan failures of the cycle. Redcar Properties has surrendered three creative office buildings in Santa Monica to Bank OZK, ending a four-year development bet that delivered a glass-and-concrete trophy asset […]

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