Morningstar Credit
CMBS Investors Take Total Loss on $48MM Loan as 103,000 SQFT of San Francisco’s 1155 Market Sells for $8MM
The $48 million CMBS loan on the lower eight floors of 1155 Market Street has been liquidated with nothing returned to principal, after...
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...
Apple’s 350,000 SQFT Sunnyvale Campus Loan Lands in Special Servicing After $209MM Maturity Default
The $209 million mortgage on TriStar Capital's fully Apple-leased office campus in Sunnyvale has been transferred to special servicing after the borrower failed...
Oakland’s 1 Kaiser Plaza Appraisal Craters 75% to $53.5MM as Kaiser Permanente Retreats
A fresh appraisal has slashed the value of CIM Group's 1 Kaiser Plaza in downtown Oakland to $53.5 million, roughly a quarter of...
Trust Exposure on San Francisco Centre Hits $351MM as Presidio Bay, Prado Group Abandon 1.5MM-SQFT Redevelopment Weeks Before Loan Maturity
Loan-level data from Morningstar Credit shows bondholders on the shuttered San Francisco Centre carrying $351.3 million of total exposure against a property with...
Kennedy Wilson’s 411,000 SQFT Hamilton Landing Faces Financial Crisis as Marin Office Market Challenges Mount
Seven-Building Complex Enters Special Servicing as Occupancy Plummets from 85 percent to 55 percent Marin County's commercial real estate market is confronting a...
Report: Here Are Other San Francisco Properties Facing High Mortgage Payments
By The Registry Staff Following Westfield's departure from the San Francisco mall and notable mortgage defaults, several of the city's most valuable properties...
