Adler Partners “preparing to abandon” Valencia office campus: Morningstar
Adler Partners isn’t making enough money to pay off the loan backed by its leasehold interest in an office campus in Valencia, or cover a pricey ground lease — and “is now preparing to abandon the property,” according to Morningstar Credit. Founder Matthew Adler did not respond to requests for comment. Valencia Town Center is a 395,000-square-foot, multi-building office and retail campus in the City of Santa Clarita. It’s near the Valencia Town Center mall and FivePoint’s master-planned community, with addresses running from 24300 to 24305 Town Center Drive, 24200 to 24204 Magic Mountain Parkway, and 26950 Theater Drive to […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Venture capitalist pays $19M for Charlie Puth’s family home in Montecito
Developer to turn Reseda single-family homes into 75 apartments
Winnie Harlow’s Former L.A. Home Is Back on the Market for $4.5 Million
LA city planners sign off on housing development at vacant lot in Lincoln Heights
Broadcom buys its Irvine office building
Taco Bell will move to larger Irvine headquarters
Inside the Los Angeles Hotels Where Celebrities Stay for the Emmys
Mansion built for Bel Air founder listed for $33M after yearslong reno
Seeking €820K, This Serpentine Home Is Perched Above a Pond in Southern France
Celeb-Favorite Jeweler Jessica McCormack Wants to Accessorize Your House
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA