Rising Defaults on Office, Data Center Loan

Rising Defaults on Office, Data Center Loan

Rising Realty Partners defaulted on a $200 million loan on the West7Center, or what was once called the Garland Center, according to a notice of default and election to sell dated early... Read more »
Developer Allegedly Defaults on Planned Calabasas Project

Developer Allegedly Defaults on Planned Calabasas Project

Solar farm developer Clinton Brown has allegedly defaulted on a loan at a Calabasas site where he wants to build a 200-home subdivision, The Real Deal has learned.  The property, at 27250... Read more »
California Sues Shangri-La Industries After Defaults

California Sues Shangri-La Industries After Defaults

The State of California has hit Shangri-La Industries with a sweeping lawsuit, after the developer defaulted on loans tied to seven motels slated for conversion into housing for the homeless under a... Read more »
Shekhter’s WS Communities Defaults on Hankey Capital Loan

Shekhter’s WS Communities Defaults on Hankey Capital Loan

WS Communities, the apartment landlord founded by Neil Shekhter, has defaulted on a loan from Hankey Capital tied to a parcel in Santa Monica, The Real Deal has learned.  The firm is... Read more »
Shangri-La Industries Defaults on Project Homekey Loans

Shangri-La Industries Defaults on Project Homekey Loans

Shangri-La Industries CEO Andy Meyers and 21 Conejo Boulevard in Thousand Oaks (Getty, Google Maps, Shangri-La Industries) UPDATED, Dec. 1, 2023, 9:40 p.m.: In 2020, the State of California gave Shangri-La Industries,... Read more »