Big Concord office building topples into loan default as market flops

Sutter Square, a nine-story office building at 1800 Sutter Street in downtown Concord, has defaulted on a $25.2 million loan, signaling trouble in the Bay Area commercial property market. The owner’s default, filed on Aug. 15 with the Contra Costa County Recorder’s Office, casts uncertainty over the future of the building. The delinquency suggests a weakening trend in the local real estate sector.

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