Kylli

Lenders concede lack of leverage on SF office building default

Lenders concede lack of leverage on SF office building default

CMBS bondholders’ note puts workout on table for $350M debt with landlord Kylli

Kylli shifts to residential at 2,600-unit urban village in Santa Clara

Kylli shifts to residential at 2,600-unit urban village in Santa Clara

City Council favors plan for more housing, less office to boost “vibrancy” of project

Kylli Defaults on $350M Loan Tied to SF Office Building

Kylli defaults on $350M loan tied to Standard Oil Building in SF

Owner made monthly payments on interest-only debt, despite less than 40% occupancy