DTLA landmark falls into receivership after Fallas default
The Metropolitan apartment and retail building in Downtown L.A. is in a receiver’s hands after the Fallas family allegedly defaulted on a $32 million loan. A Superior Court of Los Angeles County judge appointed a receiver at the request of special servicer LNR on behalf of lender Natixis and CMBS holders. An entity of the family behind the bankrupt discount retailer Fallas “is financially incapable of curing defaults,” LNR said in a court filing. The court appointed Robert Warren as receiver, according to the mid-July order. Brokers Matthew Luchs of Zacuto Group and Northmarq’s Mike Hanassab and Elliot Hassan have […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The 4 Kitchen Trends Designers Are Watching This Fall
Annie Meyers-Shyer of @ThisOakHouse Creates Her Perfect Dining Room
Remote Work Could Be Your Affordability Answer
Badweather converts derelict canal boat into London's first off-grid bathhouse
Merckx-Holvoet Architecten designs seaside penthouse to evoke North Sea coast
Carolwood edges past The Agency to become LA’s No. 1 boutique
Shop ELLE Decor’s Summer Houses
Ivy Studio creates "soothing" exotic animal clinic in brutalist Quebec bank
$280M refi in works for Slatkin brothers on Santa Monica hotels
A La Jolla Home That Sings “Let the Healing Begin”
"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