Morningstar Credit
Pacific Retail JV Negotiates Workout as $309MM Loan on 2MM SQFT Lakewood Center Reaches June Maturity
Less than a year after acquiring Lakewood Center from Macerich for $332.1 million, the joint venture of Pacific Retail Capital Partners, Lyon Living...
Onni’s $384MM Wilshire Courtyard Loan Lands Back in Special Servicing as July Maturity Looms
The Miracle Mile office campus faces imminent default with cash flow covering barely a quarter of its debt service and the balloon payment...
Mayer, Hyatt Line Up $200MM Cash-Out Refi on Huntington Beach Oceanfront Resort
The proposed five-year, interest-only loan would retire $182 million in maturing debt and return more than $12 million in equity to ownership, signaling...
Cerberus Capital Faces Foreclosure on 476,000 SQFT Wedbush Center in Downtown Los Angeles After $135MM Default
The 22-story office tower at 1000 Wilshire Boulevard has lost 69 percent of its appraised value since 2018 as occupancy collapses and its...
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...
Cedars-Sinai Acquires 340,000-SQFT Beverly Connection Mall From Ashkenazy Acquisition Corp. for Nearly $270MM
The healthcare giant’s purchase of the retail center directly across from its flagship campus signals a long-term expansion strategy in a land-constrained corridor...
Rising Realty Partners Defaults on $300MM One California Plaza in Downtown Los Angeles Receivership
The towering glass facade of One California Plaza once symbolized downtown Los Angeles’s aspirations as a thriving business hub. Today, the 42-story office...
Office Portfolio Collapse: Realty Bancorp’s $68MM Loan Enters Special Servicing as LA County Properties Face Mounting Distress
Realty Bancorp’s suburban office buildings, including Rams headquarters, hit by plummeting occupancy and income as greater LA office market struggles A $67.5 million...
State Street Delinquent on $81MM Loans Tied to Lakeshore Towers Office Complex in Irvine
By The Registry Staff As commercial office markets across the nation continue to face challenges, a number of companies have seen financial struggles...
