🏢 Company

CIT Bank

1 story · First covered Mar 15, 2026 · Latest Mar 15
Owns Leamington
CIT Bank Coverage
Oakland's Leamington Sold at $122/SF After Default. The Basis Reset Is Real.

Oakland's Leamington Sold at $122/SF After Default. The Basis Reset Is Real.

A 100-year-old former hotel turned office just traded for $14.4 million after its previous owner defaulted on a $35.5 million loan. The per-square-foot math tells a story about Oakland that nobody in commercial real estate wants to hear.