Morningstar
Empty 250,000 SQFT eBay-Leased North San Jose Campus Defaults on $88.1MM Loan as Value Craters 59%
An affiliate of South Korea's Hana Asset Management and Southern California's Ocean West Capital Partners has defaulted on the $88.1 million Deutsche Bank...
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...
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...
Meta Layoffs Draw Morningstar Scrutiny to $1.17B in Loans on Park Tower at Transbay and Burlingame Point
Morningstar credit analysts have widened their watch on Meta’s Bay Area real estate footprint to two more single-tenant trophy properties—San Francisco’s Park Tower...
Morningstar Flags $505MM Loan on Meta’s 701,000-SQFT Moffett Towers II Campus in Sunnyvale as Layoffs Mount
Credit analysts have placed the $505 million loan backing Moffett Towers II Buildings 3 and 4 in Sunnyvale under watch after Meta Platforms,...
KKR Completes $600MM Refinancing of 750,000 SQFT Mission Bay Complex in San Francisco
The New York-based investment giant replaced its original $600 million acquisition loan on the four-building Icona campus — purchased for $1.08 billion in...
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...
Rialto Capital Pursues Foreclosure Auction on 35,000 SQFT Office Building in San Francisco After $15.7MM Loan Default
The 1923 Class B building above the Montgomery BART station has lost 63 percent of its value since Paragon Co. acquired it for...
Rialto Capital Pursues Foreclosure on 35,000 SQFT Mixed-Use Building at 580 Market in San Francisco After $15.7MM Loan Default
Special servicer targets early Q3 2026 completion after Paragon Co. affiliate defaulted on $15.7 million CMBS loan that matured in June 2025, as...
Saks Global Selling One-Acre 150 Stockton Parcel in San Francisco Amid Bankruptcy Fears
Luxury retailer opts for sale-leaseback transaction as it navigates financial distress following Neiman Marcus merger, with CEO stepping down amid missed debt payments...
Tech Exodus Devastates San Francisco Real Estate as DWM’s Former Zendesk HQ on Market Street Faces Foreclosure
Six-story Mid-Market building loses nearly 80 percent of its value amid commercial property crisis San Francisco’s commercial real estate market continues its precipitous...
100-Room Commodore Hotel in San Francisco Hits Market as Industry Shows Signs of Recovery
A 100-room hotel in the heart of downtown San Francisco has entered the market for sale, positioned to capitalize on what industry experts...
