Bidders squaring up for Oscar De La Hoya’s DTLA office building
An auction has been scheduled to sell ex-boxer Oscar De La Hoya’s office building downtown, according to a notice of trustee’s sale dated late March. The public foreclosure auction is set for April 27, per the document, and 626 Wilshire Boulevard will go to the highest bidder after the Olympic gold medalist defaulted on his loan, owing $23 million of the $27 million original balance – that is, if the loan doesn’t sell first. The special servicer is simultaneously shopping the non-performing note, according to an online auction platform. The loan auction is happening now and ends Wednesday with the […]This article originally appeared on The Real Deal. Click here to read the full story.
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