Friday Digest: Historic San Francisco falls into loan default; Luxe condos topped off - San Francisco Business Times

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Today is the first day of the rest of your life. It's also the first day of fall. Consider what's happening all around and read today's news.

. And in local sports news, the Golden State Warriors have signed a multi-year contract extension with their flagship radio station, 95.7 The Game, marking the team's seventh season on 95.7. Here's the rest of Friday morning's headlines., a nearly century-old and situated atop Nob Hill, is in default on its mortgage and facing foreclosure. The loan in default — provided bybought the 136-room hotel in 2018, paying $51.9 million.

arranged the sale and financing of the 132,000-square-foot Pacific Professional Building at 2100 Webster St. in Pacific Heights on behalf of Pan-Med Enterprises. represented the buyer in purchasing the underlying land out of a ground lease and also secured a $44.5 million, 10-year, fixed-rate loan to finance the acquisition of the fee simple interest and repayment of the existing leasehold loan. The Pacific Professional Building is a five-story medical office with an outpatient radiology lab, testing labs, pharmacy and health resource center. The building is 97% leased and completed renovations in 2021.

 

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