Metlife requests receiver on Rockpoint’s Miracle Mile office tower, alleging default

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.

Metlife requests receiver on Rockpoint’s Miracle Mile office tower, alleging default