Subscribe
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 read602
Share
Santa Monica beach with downtown in the background
Photo by Cédric Dhaenens on Unsplash
Share

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 […]

Thank you for your interest in The Registry. If you'd like to read further, you must Subscribe or Log In below to read the rest of this content.

Share
Construction drawings on a computer screen Previous post Jamison Lands $60MM Fifth Third Loan to Convert 3424 Wilshire Office Tower into 260 Apartments in Koreatown

Featured Content

The Heights at Ponte Vista

The Heights at Ponte Vista Features Four Move In Ready Elevated Townhomes 

ByMay 18, 2026


Recent Posts

data center servers

Manchester Weighs 400-Megawatt Data Center for Navy’s 70-Acre NAVWAR Campus in San Diego’s Midway District

ByOctober 23, 2026
apartment building

E&S Ring Lands $95.8MM Voya Refinancing for 1,461-Unit Southern California Apartment Portfolio

October 23, 2026
Los Angeles Aerial Wilshire Blvd Condos and Apartments

LA County Large-Apartment Sales Jump 44% to $3.3 Billion as Per-Unit Pricing Slips to $357,085

October 23, 2026
Sunset Boulevard

Galaxy Holding Trades Entitled Art Deco Hotel for 27-Story, 239-Unit Tower at 6409 Sunset Blvd. in Hollywood

October 23, 2026
Trucks by warehouse

Blackstone’s Logistics Leasing Jumps 45% as Warehouses Shield Q3 Real Estate From Rate Shock

October 23, 2026
Downtown Los Angeles Arts District

Fully Entitled 1000 S. Mateo St. Site Hits Market in Arts District With Plans for 106 Live-Work Condos and 120,000 SQFT of Commercial Space

October 23, 2026
Related Articles
data center servers
AECCommercialIndustry NewsSan Diego

Manchester Weighs 400-Megawatt Data Center for Navy’s 70-Acre NAVWAR Campus in San Diego’s Midway District

Manchester Financial Group is weighing a 400-megawatt data center among a slate...

ByOctober 23, 2026
apartment building
FinanceIndustry NewsInland EmpireLos AngelesResidential

E&S Ring Lands $95.8MM Voya Refinancing for 1,461-Unit Southern California Apartment Portfolio

Family-owned E&S Ring Management has rolled six Southern California apartment communities, from...

ByOctober 23, 2026
Los Angeles Aerial Wilshire Blvd Condos and Apartments
FeaturedFinanceIndustry NewsLos AngelesResidential

LA County Large-Apartment Sales Jump 44% to $3.3 Billion as Per-Unit Pricing Slips to $357,085

Investors have put $3.3 billion into Los Angeles County apartment properties of...

ByOctober 23, 2026
Sunset Boulevard
AECIndustry NewsLos AngelesResidential

Galaxy Holding Trades Entitled Art Deco Hotel for 27-Story, 239-Unit Tower at 6409 Sunset Blvd. in Hollywood

A decade after R.D. Olson Development first set out to replace a...

ByOctober 23, 2026
© Copyright 2007 - 2025 Mighty Dot Media. All rights reserved.