Novato’s Hamilton Landing faces financial crisis

Novato’s Hamilton Landing faces financial crisis

Marin County’s largest office complex is up for sale, and its owner is at risk of defaulting on a $60 million loan used to buy the iconic 411,000-square-foot office campus. Kennedy Wilson, a Beverly Hills-based investment firm, purchased Hamilton Landing in Novato in 2019 for $115 million. The company invested $55 million of equity and assumed a $60 million interest-only loan at a fixed rate of 4.34%, maturing in 2025. According to the bond-rati…