Tribeca Forecloses on Lembi Buildings

The saga continues….Lembi subsidiary Trophy Properties has given several more properties back to Tribeca. Trophy Properties has lost a few more properties in the city and the peninsula. Some of the properties foreclosed on today as part of a loan originally made by UBS include:

• San Francisco
  • 2642 Gough Street – 6 Units
  • 2011 Sacramento – 6 Units
  • 121 Broderick – 14 Units
• Burlingame
  • 255 El Camino Real – 29 Units

[via WSJ]

Similar Posts:

• San Francisco’s Largest Apartment Owner Loses 51 Buildings To Lender
• San Francisco Magazine Covers The Lembi Fallout
• Retail Comp in Burlingame
• Lembi Fallout Hitting Tamalpais Bank Hard
• Broadway Partners Runs Into Trouble – San Francisco Holdings On The Table?

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Comments

Anonymous January 3, 2010

The data in this post is incorrect. Please see http://www.tribecacompanies.com for additional information.

squarefeet January 3, 2010

thanks. updated

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