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FinanceHospitalityIndustry NewsLos Angeles

Sixty Collective’s $37MM Beverly Hills Hotel Loan Returns to Special Servicing After Missed August Maturity

The Pomeranc brothers' Sixty Collective missed an August maturity date on its $40 million loan against the 118-room Sixty Beverly Hills, sending the...

Los Angeles skyline
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...

Los Angeles
CommercialFinanceIndustry NewsLeasingLos Angeles

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...

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FinanceIndustry NewsLos AngelesRetail

463,000 SQFT Ovation Hollywood Retail Property Goes into Special Servicing 

The glimmer of Hollywood's famed lights seems to have dimmed somewhat for the Ovation Hollywood retail center. Once the renowned Hollywood & Highland,...

FinanceHospitalityIndustry News

The Sixty Beverly Hills Hotel’s $40MM Loan Goes To Special Servicing

By The Registry Staff Hotels across the West Coast are facing a series of setbacks brought on by broader market trends and macroeconomic...

CommercialFinanceIndustry NewsLos Angeles

Onni Group Faces Challenges with $408MM Loan Linked to Wilshire Courtyard Office Complex

By The Registry Staff Onni Group, a Vancouver, Canada-based real estate developer, is encountering difficulties related to its substantial $408 million loan tied...

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