apartment hubs are in downtown Oakland\u2019s hip and trendy Uptown<\/a> district.<\/p>\nIn April 2025, Telegraph Arts defaulted on a $31.6 million loan, while The Moran defaulted on a $20.7 million loan, county files show. The loans were issued in 2020.<\/p>\n
Affiliates controlled by CWCapital were the lenders that foreclosed on the apartment buildings.<\/p>\n
Both apartment properties have lost a huge amount of their value, the results of the respective foreclosures show, according to public real estate documents.<\/p>\n
The lender paid $31.1 million for the apartment building at 471 26th St., a price that was 49.8% below its assessed value of $61.9 million as calculated in January 2025.<\/p>\n
The apartment hub at 570 21st St. was bought by its lender for $20.3 million. That was 52.6% below the most recent estimated assessed value of the residential property.<\/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
The setbacks have caused property values to nosedive for numerous sites in Oakland and other parts of the East Bay.<\/p>\n","protected":false},"excerpt":{"rendered":"OAKLAND \u2014 Two downtown Oakland apartment complexes, a few blocks from each other, have been foreclosed by a…\n","protected":false},"author":2,"featured_media":259274,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[389,184,387,7,8,3010,8520,332,383,1011,1337,1533,181,100,143,145,144,33494,388,94685],"class_list":{"0":"post-259273","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-oakland","8":"tag-alameda-county","9":"tag-bay-area","10":"tag-business","11":"tag-california","12":"tag-california-news","13":"tag-commercial-real-estate","14":"tag-downtown-oakland","15":"tag-east-bay","16":"tag-economy","17":"tag-housing","18":"tag-housing-development","19":"tag-keywee","20":"tag-latest-headlines","21":"tag-news","22":"tag-oakland","23":"tag-oakland-headlines","24":"tag-oakland-news","25":"tag-oakland-real-estate","26":"tag-real-estate","27":"tag-social-alert"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/259273","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=259273"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/259273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/259274"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=259273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=259273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=259273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"The](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/SJM-L-OAKDTAPTS-04.jpg\")
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