Now, in the latest suit, Jamison accused what appears to be a clothing store located in the same mall, Moii, of owing about $27,000. This time the landlord wants that, plus $168 a day beginning July 1. A representative for Jamison did not immediately respond to a request for comment, and the owners of Moii could not be reached.<\/p>\n
The $50 million loan on the mall had a stint in special servicing<\/a>. The firm, in January, called it \u201ca strategic decision in an effort to obtain an extension to work out a refinance.\u201d A couple months later, it was out of special servicing. Morningstar Credit noted the debt was paid off, and without a loss.\u00a0<\/p>\n Turns out Jamison secured that refi. The company landed another loan via Wells Fargo, per documents dated late March \u2014 replacing the $55 million German American Capital Corporation loaned it back in 2015.<\/p>\n The landlord still has a number of loans on downtown and Koreatown real estate, sponsored by the family patriarch, Dr. David Lee, that are in special servicing. The special-serviced-debt amounts to around $170 million, per our analysis using Morningstar data. But Garrett Lee, who recently took<\/a> the corner office, after his sister Jaime Lee stepped down, may be cleaning up the balance sheet.<\/p>\n Battle scars\u00a0<\/p>\n It isn\u2019t only landlords clawing for their money \u2014 it\u2019s lenders and special servicers, too.\u00a0<\/p>\n Metlife vs. Rockpoint: The lender claims<\/a> the private equity outfit is in default on an around $164 million loan, after it failed to pay back an about $2 million protective advance to pay real estate taxes. But Metlife doesn\u2019t just want its cash back \u2014 it wants a receiver to take over, and it\u2019s about to play the foreclosure game.<\/p>\n Rialto vs. Redcar: The special servicer accused<\/a> the developer of defaulting on a loan on creative offices in Chinatown, after missing payments, and owing about $15 million. Rialto is calling for a receiver and foreclosure. The California Post recently wrote a story, headlined: \u201cLA Graffiti Tower developer has insidious plot to make insane cash before tackling eyesore: Insiders.\u201d Dr. Kali Chaudhuri\u2019s \u201ctrue goal is apparently to switch on the giant digital billboard that wraps around the ugly structure\u2019s base \u2014 a move that would net him tens of millions dollars before he even begins to tackle the mess above it,\u201d per the Post.<\/p>\n In the City of Los Angeles\u2019 objection<\/a> to Chaudhuri\u2019s KPC and one-time general contractor Lendlease\u2019s $470 (mostly) credit bid for the incomplete complex<\/a>, which KPC only came into the mix via its purchase of another creditor\u2019s claim, the LED drama is teased. The city said the proposed purchaser\u2019s plan cannot be approved as currently proposed. Rather than extensive and important information on financing, closing certainty, development phases and more, the limited information it received (verbally, apparently) included \u201cpursuing full operational capacity of the previously entitled 700-foot LED signage,\u201d the documents read.\u00a0<\/p>\n Inklings of a lease<\/p>\n In other downtown news, according to servicer commentary via Morningstar, EY Plaza inked a lease. The servicer commentary only says: \u201cReceiver recently executed a lease for the full second floor, bringing occupancy to just under 64 percent,\u201d so it is unclear who the tenant is, and whether it\u2019s a new or renewal. The receiver did not respond to requests for information. EY Plaza is the downtown office tower that has seen two deals<\/a> fall apart and a broker switch-up<\/a>, post-Brookfield\u2019s $275 default and receivership.<\/p>\n Speaking of downtown deals and defaults, read the latest: \u201cCan Downtown LA make a comeback?\u201d here<\/a>. You\u2019ll hear from two landlords who have very different takes and more.\u00a0<\/p>\n Bonus<\/p>\n Now to the fun news. Sean Burton\u2019s Cityview celebrated its grand opening of Apollo, 265 apartments in Los Angeles\u2019 South Bay, near SpaceX. Gardena\u2019s mayor was in attendance.\u00a0<\/p>\n Relatedly, Burton previously told me<\/a> he couldn\u2019t have done it in the City of Los Angeles because of its so-called mansion tax, a.k.a Measure ULA. Burton said it\u2019s \u201credlined\u201d the city. Unfortunately for the real estate world, a measure that would have killed the tax was pulled<\/a> off the November ballot, and another that\u2019s a sort of compromise, may not make it any further.<\/p>\n \tRead more \t\t\t\t\t\t\t\t\t\t\t\t\t Metlife requests receiver on Rockpoint\u2019s Miracle Mile office tower, alleging default<\/p>\n
\nLED drama<\/p>\n
\n\t\t\t\t\t\t\t\t<\/p>\n![\"Rockpoint\u2019s](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/Metlife-Sues-Rockpoint--200x133.jpg\")
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![\"Redcar\u2019s](\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/Rialto-going-after-Redcars-Chinatown-creative-offices-for-15M-default-200x133.jpg\")
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