Rising Realty’s 1 Cal Plaza in Downtown Los Angeles Sees $300MM CMBS Loan Move to Special Servicing

A $300 million CMBS loan backed by 1 Cal Plaza in downtown Los Angeles has transitioned to special servicing ahead of its November maturity, according to a recent Morningstar report. The office property, located at 300 S. Grand Ave., spans over 1 million square feet and has faced financial and occupancy challenges in recent years, […]