Itron to Vacate 191,000 SQFT Footprint at Champion Station in San Jose, Triggering Cash Trap on $80MM CMBS Loan

A North San Jose technology campus that has carried full occupancy through a decade of securitized debt is now staring down the loss of both of its tenants within months of its loan maturity, a collision of deadlines that has prompted servicers to begin trapping the property's cash. Itron, the energy and water resource management […]