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Three Oakland office towers are seized by lender in speedy foreclosure
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Three Oakland office towers are seized by lender in speedy foreclosure
OAKLAND — Three high-profile office towers in downtown Oakland have been seized through a foreclosure due to a loan failure that shows economic maladies still afflict the commercial property sector in the East Bay’s largest city. Deutsche Bank AG New York Branch, through an affiliate, took ownership of the three office towers in a streamlined foreclosure process, according to documents filed on Jan. 20 with the Alameda County Recorder’s Office. …
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