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Santa Monica beach with downtown in the background
CommercialFinanceIndustry NewsLos Angeles

Mani Brothers Scoop Up Santa Monica’s 55,000 SQFT Clock Tower Building for $28.5MM, Half Rockwood’s 2019 Price

An entity tied to the Mani brothers has taken the century-old Clock Tower Building at 225 Santa Monica Blvd. out of receivership for...

Santa Monica beach with downtown in the background
CommercialFinanceIndustry NewsLos Angeles

Historic Santa Monica Clock Tower Faces Financial Crisis as Office Market Struggles

Century-old Art Deco landmark's $26.7 million loan enters special servicing amid plummeting occupancy and cash flow The Santa Monica Clock Tower, a 12-story...

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