{"id":205878,"date":"2026-03-05T17:25:07","date_gmt":"2026-03-05T17:25:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/205878\/"},"modified":"2026-03-05T17:25:07","modified_gmt":"2026-03-05T17:25:07","slug":"two-oakland-apartment-hubs-in-lively-uptown-district-face-foreclosure","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/205878\/","title":{"rendered":"Two Oakland apartment hubs in lively Uptown district face foreclosure"},"content":{"rendered":"

OAKLAND \u2014 Two apartment hubs in downtown Oakland\u2019s lively Uptown neighborhood are facing foreclosure of their delinquent loans in a fresh sign of weakness for the city\u2019s multifamily residential sector.<\/p>\n

CBRE Capital Markets has scheduled separate foreclosure proceedings for the apartments<\/a> this spring, during which the residential hubs will be placed on the auction block. If buyers don\u2019t emerge, the lender is threatening to seize the properties.<\/p>\n

\"TelegraphTelegraph Arts, a 98-unit apartment complex at 471 26th Street in the Uptown district of downtown Oakland, as seen in March 2025.\u00a0(Google Maps)<\/p>\n

The apartment properties fell into default on their loans in July 2024, documents on file with the Alameda County Recorder\u2019s Office show.<\/p>\n

\"TelegraphTelegraph Arts, a 98-unit apartment complex at 471 26th Street in the Uptown district of downtown Oakland, as seen in March 2025, entrance area.\u00a0(Google Maps)
\n\"EntryEntry area of The Moran, a 78-unit apartment complex at 570 21st Street in downtown Oakland’s Uptown district, as seen in Feb. 2025.\u00a0(Google Maps)<\/p>\n

Telegraph Arts, a 97-unit apartment building at 471 26th St., is in default on a $31.6 million loan issued to its owner.<\/p>\n

The Moran, a 78-unit five-story apartment property at 570 21st St., has defaulted on a $20.7 million loan provided to its owner, county files show.<\/p>\n

Both properties are owned by Switzerland-based investment company UBS, acting through an affiliate of its Trumbull Property Fund.<\/p>\n

In 2020, CBRE Capital Markets provided the financing packages for the residential hubs, Alameda County documents show.<\/p>\n

The UBS Trumbull Property affiliates developed both of the apartment properties, which are separated by less than a mile.<\/p>\n

The investment bank\u2019s Trumbull entity bought the development site at 471 26th St. in 2017 for $6.7 million. The real estate firm obtained a $34.3 million construction loan at that time to build the seven-story apartment hub that would become Telegraph Arts. It was completed in 2019.<\/p>\n

Also in 2017, the Trumbull real estate group paid $4.6 million for the 570 21st St. development site. The company landed a $24.6 million construction loan to build The Moran.<\/p>\n

Bank of America provided construction financing for both properties. In both instances, CBRE Capital Markets provided loans to replace the construction funding soon after the apartment projects were completed.<\/p>\n

The Oakland commercial property market is struggling with financial setbacks that have triggered loan failures in some instances. Apartments, hotels, and office buildings have flopped into foreclosures.<\/p>\n","protected":false},"excerpt":{"rendered":"OAKLAND \u2014 Two apartment hubs in downtown Oakland\u2019s lively Uptown neighborhood are facing foreclosure of their delinquent loans…\n","protected":false},"author":2,"featured_media":205879,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[95111,143,145,144],"class_list":["post-205878","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-https-www-mercurynews-com-2025-07-24-oakland-home-economy-house-build-property-develop-real-estate-apartment","tag-oakland","tag-oakland-headlines","tag-oakland-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/205878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=205878"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/205878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/205879"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=205878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=205878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=205878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}