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Oakland apartment complex along waterfront is taken back by lender

Summary by The Mercury News
OAKLAND — A lender has taken back a big apartment complex perched on the Oakland waterfront due to a $100 million-plus delinquent loan, a deal that underscores the feeble state of the East Bay residential market. The Orion apartment complex is now owned by its lender, an affiliate linked to global investment titan UBS, according to documents filed on April 14 with the Alameda County Recorder’s Office. Open spaces and gathering areas of Orion, a …

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The Mercury news broke the news in San Jose, United States on Tuesday, April 22, 2025.
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