Downtown San Jose office building faces seizure over payment dispute: docs

Downtown San Jose office building faces seizure over payment dispute: docs

10 months ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/01/26/san-jose-office-downtown-real-estate-court-economy-build-wework-tech/

SAN JOSE — A downtown San Jose office building is at the heart of a legal battle between the property’s owner and a construction company, a dispute that could trigger a forced sale of the property, court records show.

The building is located at 152 North Third Street in San Jose, a nine-story office site whose principal owner is an affiliate controlled by Nazare Capital Management, a firm headed by WeWork’s co-founder and former CEO Adam Neumann. WeWork pioneered the concept of shared office spaces.

Downtown San Jose office building faces seizure over payment dispute: docs

Fri Jan 26, 8:31pm UTC
https://www.siliconvalley.com/2024/01/26/san-jose-office-downtown-real-estate-court-economy-build-wework-tech/ > SAN JOSE — A downtown San Jose office building is at the heart of a legal battle between the property’s owner and a construction company, a dispute that could trigger a forced sale of the property, court records show. > The building is located at 152 North Third Street in San Jose, a nine-story office site whose principal owner is an affiliate controlled by Nazare Capital Management, a firm headed by WeWork’s co-founder and former CEO Adam Neumann. WeWork pioneered the concept of shared office spaces.