Rialto Takes Back 35,000 SQFT 580 Market St. Office After Paragon’s $17.5MM Debt Goes Unpaid

Paragon Company paid about $690 per square foot for the 1907-built Market Street building in 2015. It has now been appraised at about $283 per square foot, and Rialto Capital took it back in foreclosure with $17.5 million still owed. Special servicer Rialto Capital has taken ownership of 580 Market St., a century-old, 35,000-square-foot office […]