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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 read776
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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 […]

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