Lender nabs 83K sf K-town retail center in half-off sale 

A lender has purchased an 83,000-square-foot Koreatown shopping center at a bankruptcy auction after landlord Jake Sharp Capital defaulted on a $52.5 million mortgage loan. The lender, an affiliate of Seattle-based Columbia Pacific Advisors, paid $29.2 million for the three-story California Market at 450 South Western Avenue, Commercial Observer reported. The purchase works out to […]This article originally appeared on The Real Deal. Click here to read the full story.