OAKLAND — A big office complex in Oakland has flopped into a loan default, a financing setback that provides fresh evidence of the economic maladies that still afflict the Bay Area office market in the wake of the coronavirus. The Landing, a two-building office center on Hegenberger Road in Oakland, one of the gateways to the city’s airport, is in default on its mortgage, according to documents filed on Dec. 13 with the Alameda County Recorder’s Office. The eight-story office building totals about 198,100 square feet, according to a marketing brochure that was circulated by Cushman & Wakefield, a commercial real estate firm. The…
Loan default for big Oakland office complex may trigger foreclosure
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