Big-money mortgage defaults dot LA map in 2024Commercial real estate loan defaults surged in Southern California, particularly in the office and retail sectors, driven by declining occupancy and economic pressures.
Lloyds predicts drop in defaults on loans and mortgages as UK economy improvesImproving economy reduces loan defaults for Lloyds customers.
Abysmal DC office market shows no signs of recoveryWashington, D.C., office market facing challenges with high vacancy rates and diminishing property values despite upcoming presidential election.
TA Partners Seeks Bankruptcy on 452-Unit Playa Vista ProjectTA Partners filed for bankruptcy after facing distress due to loan defaults.The bankruptcy filing relates to a development site in Playa Vista where a residential complex was planned.
Big San Jose office building heads to foreclosure after loan defaultSeismic shifts in the Bay Area office market due to the pandemic have led to loan defaults and foreclosure proceedings.The office building at 10 West Tasman Drive in San Jose is facing foreclosure due to delinquency on a $29 million loan.