Empty San Jose office building is foreclosed and seized by lender
https://www.siliconvalley.com/2024/05/28/san-jose-real-estate-property-office-foreclose-loan-build-economy/
SAN JOSE — An empty San Jose office building has been foreclosed and seized by its lender, a financial real estate failure that serves as a disquieting reminder of the maladies that afflict the frail Bay Area office market.
The building, located at 5729 Fontanoso Way in south San Jose, was seized by its lender, The Evergreen Advantage, through a foreclosure that valued the building at $24.5 million, documents filed on May 24 with the Santa Clara County Recorder’s Office show.
Empty San Jose office building is foreclosed and seized by lender
Tue May 28, 1:20pm UTC
https://www.siliconvalley.com/2024/05/28/san-jose-real-estate-property-office-foreclose-loan-build-economy/
> SAN JOSE — An empty San Jose office building has been foreclosed and seized by its lender, a financial real estate failure that serves as a disquieting reminder of the maladies that afflict the frail Bay Area office market.
> The building, located at 5729 Fontanoso Way in south San Jose, was seized by its lender, The Evergreen Advantage, through a foreclosure that valued the building at $24.5 million, documents filed on May 24 with the Santa Clara County Recorder’s Office show.