Fallas Paredes
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...
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...
FinanceIndustry NewsLos AngelesResidentialRetail
Fallas Family Defaults on $31.8MM CMBS Loan at Historic 88-Unit Metropolitan Building in Downtown Los Angeles
Vacant retail space left behind by the family’s bankrupt discount chain drives the mixed-use landmark into special servicing as the property hits the...
