Subscribe
Home Finance Fallas Family Defaults on $31.8MM CMBS Loan at Historic 88-Unit Metropolitan Building in Downtown Los Angeles
FinanceIndustry NewsLos AngelesResidentialRetail

Fallas Family Defaults on $31.8MM CMBS Loan at Historic 88-Unit Metropolitan Building in Downtown Los Angeles

March 27, 20263 Mins read1.1k
Share
rendering of apartment with couch and shelves
Getty Images For Unsplash+
Share

Vacant retail space left behind by the family's bankrupt discount chain drives the mixed-use landmark into special servicing as the property hits the market as a value-add opportunity. The Metropolitan Building, a Beaux-Arts landmark at 449 South Broadway in Downtown Los Angeles' Historic Core, has been transferred to special servicing after its borrower defaulted on […]

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
San Diego skyline Previous post Jones Day Leases 68,600 SQFT at One La Jolla Center in San Diego

Featured Content

The Heights at Ponte Vista

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

ByMay 18, 2026


Recent Posts

Trucks by warehouse

US Elogistics Services Adds 547,000 SQFT San Bernardino Lease Months After 589,000 SQFT Ontario Deal

ByOctober 14, 2026
warehouse truck ports and doors

Seefried Industrial Properties Brings 368,000 SQFT Warehouse Plan to Banning’s East Ramsey Street

October 14, 2026
Worker directing outdoor storage facility

Bridge Logistics Properties Buys XPO-Leased 21-Acre Truck Terminal in Santa Fe Springs in Off-Market Deal

October 14, 2026
Aerial view of UTC, University City large residential and commercial, San Diego

Cass Street, Global Mutual Launch $20MM Site Work to Turn Former Costa Verde Center Into 13-Block High Street Village Near UTC

October 14, 2026
San Diego

$19MM Bridge Refinance Secured for 55-Unit North Park Loft Apartments in San Diego

October 14, 2026
Port of long beach

CODA Logistics & Distribution Leases 211,000 SQFT at 20974 S Santa Fe Avenue in Carson for First West Coast Freight Hub

October 14, 2026
Related Articles
San Diego
FinanceIndustry NewsResidentialSan Diego

$19MM Bridge Refinance Secured for 55-Unit North Park Loft Apartments in San Diego

The owner of a newly built 55-unit loft apartment building in San...

ByOctober 14, 2026
Santa Monica beach and skyline
FinanceIndustry NewsLos AngelesRetail

20,000 SQFT Retail Beneath Santa Monica’s Waverly and Seychelle Condos Hits Market at $17MM, 70% Above 2021 Sale

The leasehold on two retail condominiums beneath Related California's Waverly and Seychelle...

ByOctober 14, 2026
Los Angeles Aerial Wilshire Blvd Condos and Apartments
FeaturedFinanceIndustry NewsLos AngelesResidential

Los Angeles County Apartment Sales Slip 7% as 24,911-Unit Pipeline Pressures Lease-Ups

Los Angeles County’s apartment sales slipped in the third quarter even as...

ByOctober 14, 2026
AECFinanceIndustry NewsLos AngelesResidential

Alliant Communities Lands $36MM Measure ULA Loan for 200-Unit Affordable Project on Former Northridge Rite Aid Site

Calabasas-based Alliant Communities has lined up a $36.1 million Measure ULA commitment...

ByOctober 13, 2026
© Copyright 2007 - 2025 Mighty Dot Media. All rights reserved.