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Home Finance Witkoff and PIMCO Default on More Than $400MM Debt on 249-Unit Santa Monica Apartment Complex
FinanceIndustry NewsLos AngelesResidential

Witkoff and PIMCO Default on More Than $400MM Debt on 249-Unit Santa Monica Apartment Complex

December 29, 20252 Mins read1.5k
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Debt on 500 Broadway mixed-use property with roughly 55,000 square feet of retail comes due as luxury housing market shows uneven outcomes When global headlines are focused on geopolitics, stresses closer to home can still surface in unexpected places, including the balance sheets of high-profile real estate ventures. That dynamic is now playing out in […]

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