Cerberus Capital Faces Foreclosure on 476,000 SQFT Wedbush Center in Downtown Los Angeles After $135MM Default

The 22-story office tower at 1000 Wilshire Boulevard has lost 69 percent of its appraised value since 2018 as occupancy collapses and its namesake tenant decamps to Pasadena. The Wedbush Center, a 22-story Class A office tower at 1000 Wilshire Boulevard in Downtown Los Angeles, is heading toward a foreclosure auction after owner Cerberus Capital […]