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CommercialFinanceIndustry NewsOrange County

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

Investment giant assumes $108 million loan for just $70 million as John Wayne Airport area becomes epicenter of office distress MetLife Investment Management...

Aerial view of Newport Beach, California
CommercialFinanceIndustry NewsOrange County

MetLife Acquires Loan on 376,800 SQFT Newport Beach Office Towers for $70MM

377,000 SQFT Koll Center Newport Changes Hands After $108MM Loan Default The commercial real estate distress cycle continues to reshape Orange County’s office...

john wayne airport orange county
CommercialIndustry NewsNews ReleasesOrange County

Formosa Acquires 310,000 SQFT Newport Beach Office Campus for $33MM

Formosa Ltd., a venture led by Orange County businessman and philanthropist Joe C. Wen, has acquired 5000 Birch Street, a two-building, 310,000-square-foot Class...

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