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Average asking rent is $62/SF as another office tower trades for steep discount.
Developers land California Municipal Finance Authority funding for 300 affordable units.
Coworking giant tells bankruptcy court it has reviewed 97% of portfolio.
The next owner of the loan could foreclose, get luxury hotel at discount.
Premiums have increased by 27% annually for each of last two years.
A year after default, valuation of office portfolio slashed by nearly a third.
Lender who acquired site in deed-in-lieu deal plans 24-story apartment building.
Chelsea tapped to redo city-owned block that had been slated for Ritz-Carlton.
Proposal includes 500-room hotel, 92K SF convention center, concert venue.
Alexander's offer to pay down $25M of debt for Bloomberg HQ tower rejected.