Oscar De La Hoya Bought An Office Building In Downtown LA For $16 Million In 2004—And He Just Defaulted On A $27 Million Loan

Back in 2004, Oscar De La Hoya was approaching the end of his boxing days. That future needed a headquarters. A 12-story office building with nearly 150,000 square feet in downtown Los Angeles seemed like a statement move.

That year, De La Hoya and Golden Boy Promotions purchased a controlling interest in the building at 626 Wilshire Boulevard for $16 million. At the time, the property was more than 80% leased and sat at a prominent corner in the city's Financial District. Barker Pacific Group, which sold the majority stake, retained a minority interest, as did Rising Real Estate Group. Golden Boy soon moved its offices into the building, turning it into both a workplace and a symbol of De La Hoya's post-ring ambitions.

Two decades later, that symbol has become a liability.

In a post-pandemic downtown where office demand has cratered, the building is now only about 60% occupied. Worse, De La Hoya and Golden Boy Promotions have reportedly defaulted on a $27 million commercial mortgage-backed securities loan tied to the property, triggering the possibility of foreclosure.

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De La Hoya still owes roughly $23 million on the debt after missing a July 2025 maturity date. The loan was subsequently transferred to special servicing, and he is now seeking to renegotiate the terms and extend the repayment deadline.

Golden Boy Promotions remains one of the building's largest tenants, occupying roughly 10,500 square feet, or about 7% of the total space. But occupancy alone will not solve the math problem.

De La Hoya signed the loan in 2015, when the building was appraised at $40 million. A 2025 appraisal pegged its value at just $19 million, a stark illustration of how sharply downtown Los Angeles office real estate has fallen in the era of remote work and corporate downsizing.

For De La Hoya, the situation represents an unexpected second act in a long career defined by risk, leverage, and high-stakes bets. The fighter who built a business empire after leaving the ring now finds himself once again in a familiar position: backed into a corner, trying to survive another round.