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.

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