OAKLAND — Three downtown Oakland properties, including the historic Tribune Tower that for a century has become one of the East Bay city’s best-known landmarks, are mired in a $111 million loan default.

Highbridge Equity Partners, a real estate investor that’s active in downtown Oakland, added the three properties to its portfolio in recent years but now faces a foreclosure if it can’t repay the loan from an affiliate of Rialto Capital, a finance firm.

The loan delinquency for the three properties has emerged at a time when the downtown Oakland office market is in tough shape with a 37.2% vacancy rate during the April-through-June second quarter of 2025, as reported by Cushman & Wakefield, a commercial real estate firm.

The three properties whose loan is in default consist of the 22-s

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