Santa Monica Clock Tower’s loan lands in special servicing

A loan backing the Santa Monica Clock Tower, once the city’s tallest building, headed to special servicing after the office tower struggled with occupancy.  A $26.7 million commercial mortgage-backed securities loan tied to the Rockwood Capital-owned Santa Monica Clock Tower at 225 Santa Monica Boulevard went to special servicing after missing its May maturity date, […]

This article originally appeared on The Real Deal. Click here to read the full story.

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