REPORT: Veritas In The Running For Its Own $1B In Delinquent Debt
Veritas is the largest multifamily landlord in San Francisco.
Veritas is the largest multifamily landlord in San Francisco.
Some office owners are now facing the inevitable drop in values.
The building above Metro Center lost anchor tenant Williams & Connolly, and Hines reportedly relinquished control to lender Allianz Real Estate.
Rising interest rates have sidelined nearly every source of capital for commercial property investors.
At that price, it would be among the largest single-asset retail transactions since the onset of the pandemic.
Wells Fargo could put the 409K SF office at 420 Montgomery St. on the market this month.
With the deal, Marriott predicts full-year 2025 net room growth will approach 5%.
Foundry Park would include nearly 3,300 residential units, 350K SF of office, 435K SF of retail, 250K SF of hotel space and 12 acres of open space.
Kering bought the retail condo at 717 Fifth Ave. for $963M in January 2024.
The board unanimously decided on dissolution and liquidation Wednesday after launching a strategic review in December.
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