Subscribe
Home Commercial Historic Santa Monica Clock Tower Faces Financial Crisis as Office Market Struggles
CommercialFinanceIndustry NewsLos Angeles

Historic Santa Monica Clock Tower Faces Financial Crisis as Office Market Struggles

June 18, 20253 Mins read853
Share
Santa Monica beach with downtown in the background
Photo by Cédric Dhaenens on Unsplash
Share

Century-old Art Deco landmark's $26.7 million loan enters special servicing amid plummeting occupancy and cash flow The Santa Monica Clock Tower, a 12-story Art Deco landmark that once stood as the city's tallest building, has become the latest casualty of Southern California's struggling office market. The $26.7 million commercial mortgage-backed securities loan backing the historic […]

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
juno-jo-V1UqNQlxrgw-unsplash-housing Previous post Housing Market at a Crossroads as Mortgage Rates Stay Elevated and Supply Rises

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

Rexford Industrial Lifts 2026 Outlook as SoCal Leasing Surges and $1.2B EQT Portfolio Sale Closes

ByOctober 26, 2026
Cables of servers in a data center

Gloria Sends Data Center Moratorium to San Diego City Council as Manchester Weighs 400-Megawatt NAVWAR Plan

October 26, 2026
San Diego

San Diego Wave Owners Seek Exclusive Talks for 16,000-Seat Stadium, Hotel and Retail District at Del Mar Fairgrounds

October 26, 2026

Inglewood Starts Building $261MM Transit Connector, Betting Parking Hubs Can Revive Market Street

October 26, 2026
hotel sign on top of a building

Chetrit Family Opens 348-Room Hotel Clark in Downtown LA After 27 Years and Three Failed Launches

October 26, 2026
Rancho Cucamonga, California

Barings Lends $138.6MM to Hillwood to Refinance Fully Leased 656,000 SQFT Speedway Commerce Center in Rancho Cucamonga

October 26, 2026
Related Articles
Apartment building
FinanceLos AngelesResidential

36-Unit Echo Lake Apartments Across From Echo Park Lake Trades for $7.35MM

A high-net-worth family buys the 36-unit Echo Lake Apartments across from Echo...

ByOctober 26, 2026
Trucks by warehouse
FinanceIndustrialIndustry NewsInland EmpireLeasingLos AngelesOrange County

Rexford Industrial Lifts 2026 Outlook as SoCal Leasing Surges and $1.2B EQT Portfolio Sale Closes

Rexford Industrial Realty raised its full-year core FFO forecast for the third...

ByOctober 26, 2026
hotel sign on top of a building
AECHospitalityIndustry NewsLos Angeles

Chetrit Family Opens 348-Room Hotel Clark in Downtown LA After 27 Years and Three Failed Launches

After 27 years of ownership and at least three aborted launches, the...

ByOctober 26, 2026
maurice-williams-dhTQO-YEONM-unsplash-san fernando valley
AECIndustry NewsLos AngelesResidential

AMG Land Development Clears Permits for 272-Unit, 166,000 SQFT Affordable Complex at 6650 Reseda Blvd.

Los Angeles building officials have issued permits for AMG Land Development's six-story,...

ByOctober 26, 2026
© Copyright 2007 - 2025 Mighty Dot Media. All rights reserved.