Central Tower
CommercialFinanceINDUSTRY news
CIM Group’s 165,000 SQFT Central Tower Heads to Foreclosure in San Francisco After $98MM Default
A freshly recorded appraisal reduction and a slide past 121 days delinquent have deepened the distress at the historic Central Tower, where special...
CommercialFinanceINDUSTRY newsLeasing
CIM Group Loses Control of Historic 165,000 SQFT Central Tower in San Francisco as Receiver Takes Over
A San Francisco Superior Court judge has placed the historic Central Tower into receivership after owner CIM Group defaulted on a $98 million...
CommercialFinanceINDUSTRY newsLeasing
CIM Group Nears Consensual Foreclosure of 165,000 SQFT San Francisco Tower After Unity Software Departure, $98MM Loan Default
Lenders expect to take ownership of the historic two-building property by the fourth quarter of 2026, marking the second San Francisco office asset...
