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449 South Broadway

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FinanceIndustry NewsLos AngelesResidentialRetail

Fallas Family’s 88-Unit Metropolitan in Downtown LA Heads to Receivership as $32MM CMBS Loan Hits Foreclosure

A Los Angeles judge has handed control of the historic 88-unit Metropolitan on Broadway to a receiver while lender Natixis and special servicer...

Century City and Downtown Los Angeles with Cloudy Sky
FinanceIndustry NewsLos AngelesResidentialRetail

CMBS Lender Moves to Take Control of Fallas Family’s 88-Unit Metropolitan Building in Downtown Los Angeles After $32MM Default

A judicial foreclosure action filed this month against the Fallas family’s landmark Metropolitan building at 449 South Broadway has put one of Downtown...

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