San Jose office buildings flop into default in weak real estate market

San Jose office buildings flop into default in weak real estate market

a week ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/05/07/san-jose-office-real-estate-property-loan-economy-build-develop-tech/

SAN JOSE — Two smaller San Jose office buildings perched on a prominent site have toppled into a loan delinquency, fresh evidence that the economic woes still hound the Bay Area office market.

The office buildings, located on The Alameda near downtown San Jose, could be seized through foreclosure if the loan isn’t repaid or a restructuring of the financing isn’t accomplished.