The Real Deal Chelsea Pacific Holdings has defaulted on a $30 million loan against the Chancery Building, a 59,100-square-foot office property in San Francisco. The Belvedere Tiburon, Calif., company, which purchased the property in 2009 for $9.2 million, has been behind on its debt payments since November and owes $1.5 million against it. JPMorgan provided […]

The post Owner of San Francisco Office Defaults on $30Mln Loan appeared first on Commercial Real Estate Direct.