PCCP has defaulted on a $72 million loan secured by a six-story office building in Santa Clara. An affiliate of the Los Angeles-based investor defaulted on the debt tied to the 152,300-square-foot ...

Still, the default for the Santa Clara office building is a reminder that pockets of weakness still haunt the Bay Area office market despite signs of improvement in regions such as the South Bay.

Scattered throughout Santa Clara’s industrial neighborhoods, they began cropping up in the Mission City in the early 2000s following the dot-com bubble. The Santa Clara City Council approved the ...

PCCP has defaulted on a $72 million loan secured by a six-story office building in Santa Clara. An affiliate of ... 152,300-square-foot building at 2390 Mission College Boulevard, the San Jose ...