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Home Commercial Koll Center Newport Towers Sold for $70MM to MetLife in Newport Beach Distressed Office Deal
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Koll Center Newport Towers Sold for $70MM to MetLife in Newport Beach Distressed Office Deal

September 25, 20254 Mins read1.3k
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Investment giant assumes $108 million loan for just $70 million as John Wayne Airport area becomes epicenter of office distress MetLife Investment Management has acquired two distressed office towers in Newport Beach through a loan assumption deal that underscores the deepening troubles in Orange County's commercial real estate market. The insurance giant paid $70 million […]

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