by Greg Wasik | Jan 1, 2026 | Los Angeles Real Estate and Appraisal News
A luxury apartment complex perched in the heart of Santa Monica’s downtown is at the center of a massive loan default that’s now ensnared one of the world’s largest investment firms and the real estate company founded by a key member of President...
by Greg Wasik | Jul 1, 2022 | Los Angeles Real Estate and Appraisal News
Showing the impact of rising interest rates in the real estate market, PIMCO-backed FGMC last week laid off 80% of its approximately 500 employees. According to one employee they are no longer accepting new mortgages which suggests the firm will be shut down. In a...
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