MetLife is taking legal steps to gain control of a Wilshire Boulevard office tower after alleging Rockpoint defaulted on a $164 million loan. At issue is an unpaid $2 million protective advance, which MetLife says Rockpoint failed to repay by April 28.

The Thompson Hotel on the San Antonio River Walk is being auctioned after its owners allegedly failed to repay a $44 million loan. A foreclosure notice filed on February 5 alerted the public to the property’s financial challenges, which led to the upcoming auction.

An Erie County judge has placed the Walden Galleria into receivership following a loan default, marking the start of bankruptcy proceedings for the prominent shopping center.