fromwww.mercurynews.com
2 weeks agoLandmark Oakland office tower is mired in $111 million loan default
Three downtown Oakland properties, including the historic Tribune Tower that for a century has become one of the East Bay city's best-known landmarks, are mired in a $111 million loan default. Highbridge Equity Partners, a real estate investor that's active in downtown Oakland, added the three properties to its portfolio in recent years but now faces a foreclosure if it can't repay the loan from an affiliate of Rialto Capital, a finance firm.
East Bay real estate