DTLA’s Wedbush Center to special servicer as namesake tenant relocates to Pasadena

by TRD Staff

Cerberus Capital Management has blown its deadline to pay off a $128 million loan backed by a 21-story office building in Downtown Los Angeles, shuttling it into special servicing. The New York-based investor led by Frank Bruno failed to make a maturity deadline last month for a commercial mortgage-backed securities loan secured by the Wedbush […]This article originally appeared on The Real Deal. Click here to read the full story.

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