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