GPI defaults on loan, faces foreclosure of West LA creative office campus
GPI owes $82.5 million, and its lender is coming to collect. Acore Capital declared the default of GPI Companies’ loan on its West L.A. creative office campus, September records reveal. Now GPI faces foreclosure of the campus, which appears to be totally vacant. Neither GPI’s co-founders and managing partners, Cliff Goldstein and Drew Planting, nor Acore representatives immediately responded to a request for comment. GPI developed the 235,000-square-foot campus at 10730 West Pico Boulevard after purchasing a shuttered Macy’s store at the former Westside Pavilion. Victor Coleman’s Hudson Pacific Properties and Macerich purchased the rest of the shopping center, then […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
6 Curb Appeal Trends That Can Actually Lower Your Home’s Resale Value
Fear and loathing on eve of election in Los Angeles
ELLE Decoroscope: Your November Design Horoscope Is Here
Bathtub or Walk-In Shower? What Designers Say About Adding Value to Your Bathroom
7 Smart Home Upgrades That Save Money on Energy and Utility Costs
Dana Point landmark Ritz-Carlton, Laguna Niguel resort sells for $600 million
Em-Estudio lines Mexico City bar with walls of books
Bar brawl in downtown Long Beach: Bascom Group vs Dirty Birds
Before & After: How an Artist and Architect Couple Turned the “Worst House” on the Block Into Their Dream Home
Venice single-family homes to give way to multifamily development
"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