Downtown Oakland tower is seized by lender as Bay Area office woes widen

Downtown Oakland tower is seized by lender as Bay Area office woes widen

5 months ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/06/13/oakland-office-foreclose-real-estate-property-develop-loan-economy/

OAKLAND — A downtown Oakland office tower has been seized through a foreclosure that points to a huge plunge in real estate values and a feeble Bay Area commercial property market.

1700 Broadway, a 10-story highrise in downtown Oakland’s bustling Uptown district, is now owned by its lender following the foreclosure, documents filed on June 7 with the Alameda County Record’s office show.