San Jose office building deal shows Bay Area real estate woes linger

San Jose office building deal shows Bay Area real estate woes linger

5 months ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/06/11/san-jose-property-real-estate-office-build-develop-economy-tech/

SAN JOSE — A big office building in San Jose has been bought for slightly more than its prior price — yet the $30 million-plus deal nevertheless hints at a brutal real estate market in the Bay Area.

Blue Owl Real Estate Capital, through an affiliate, paid $35.5 million for the office building at 1010 Rincon Circle, documents filed on June 10 at the Santa Clara County Recorder’s Office show.

San Jose office building deal shows Bay Area real estate woes linger

Tue Jun 11, 1:20pm UTC
https://www.siliconvalley.com/2024/06/11/san-jose-property-real-estate-office-build-develop-economy-tech/ > SAN JOSE — A big office building in San Jose has been bought for slightly more than its prior price — yet the $30 million-plus deal nevertheless hints at a brutal real estate market in the Bay Area. > Blue Owl Real Estate Capital, through an affiliate, paid $35.5 million for the office building at 1010 Rincon Circle, documents filed on June 10 at the Santa Clara County Recorder’s Office show.