Big Sunnyvale office complex is seized by lender as office woes widen

Big Sunnyvale office complex is seized by lender as office woes widen

6 months ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/05/20/sunnyvale-house-home-housing-real-estate-property-office-economy-tech/

SUNNYVALE — A big office complex in Sunnyvale that could be replaced by housing has been seized by its lender, a foreclosure that suggests the Bay Area’s office market remains feeble.

Horizon Sunnyvale, known in commercial real estate circles as a “horizontal highrise” due to its massive end-to-end length, has suffered foreclosure and has been returned to its lender.

Big Sunnyvale office complex is seized by lender as office woes widen

Mon May 20, 6:26pm UTC
https://www.siliconvalley.com/2024/05/20/sunnyvale-house-home-housing-real-estate-property-office-economy-tech/ > SUNNYVALE — A big office complex in Sunnyvale that could be replaced by housing has been seized by its lender, a foreclosure that suggests the Bay Area’s office market remains feeble. > Horizon Sunnyvale, known in commercial real estate circles as a “horizontal highrise” due to its massive end-to-end length, has suffered foreclosure and has been returned to its lender.