$1 billion, three deals, show downtown Oakland real estate muscle

$1 billion, three deals, show downtown Oakland real estate muscle

3 years ago
Anonymous $hYN7Hy7o7J

https://www.siliconvalley.com/2021/03/08/1-billion-three-deals-downtown-oakland-market-real-estate-tech-pge/

OAKLAND — Global and local investors are paying rising prices for trophy buildings in downtown Oakland, including the latest deal for the iconic Uptown Station building, a sign of investor confidence in the East Bay’s largest city.

In less than two years, foreign and local buyers have plunked down more than $1 billion to buy just three well-known office buildings in downtown Oakland, with the most recent deal being completed when a mega-investor from Asia bought Uptown Station.