Big Oakland office complex flops into loan foreclosure and is seized

Big Oakland office complex flops into loan foreclosure and is seized

5 months ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/06/18/oakland-property-real-estate-economy-loan-foreclose-office-build-covid/

OAKLAND — A big office complex in Oakland has been seized through a foreclosure that slashed the building’s value to one-third of its prior price, fresh evidence of a sickly post-COVID Bay Area real estate market.

The two-building office center is located at 303 and 333 Hegenberger Road in Oakland, a location that’s in a prime corridor and gateway to the city’s airport.