As expected, with $233,784,407 owed on the property, 333 Bush Street was taken back by lender Brookfield Properties. The building was bought for $281 million in 2007.
Also as reported by the San Francisco Business Times, Morgan Stanley is in the process of handing One Post, 201 California, Foundry Square 1, 60 Spear and 188 Embarcadero back to Apollo Global Management. All five were acquired in 2007 as well.
∙ 333 Bush: Bought For $281M In 2007 But Now Going Back To The Bank [SocketSite]
∙ Brookfield Properties forecloses on 333 Bush in S.F. [Business Times]
∙ Morgan Stanley to give back San Francisco buildings [Business Times]