San Jose office building may dodge foreclosure with bankruptcy plan

San Jose office building may dodge foreclosure with bankruptcy plan

2 months ago
Anonymous $genLyrxdTY

https://www.siliconvalley.com/2024/07/30/san-jose-economy-office-real-estate-property-loan-bankrupt-tech-build/

SAN JOSE — A big north San Jose office building might dodge foreclosure if a federal judge approves a bankruptcy plan that’s being floated to reorganize the empty property’s feeble finances.

Despite the attempt at financial rescue, property values for office buildings continue to erode in the Bay Area, court papers filed in this bankruptcy case suggest.

San Jose office building may dodge foreclosure with bankruptcy plan

Tue Jul 30, 1:31pm UTC
https://www.siliconvalley.com/2024/07/30/san-jose-economy-office-real-estate-property-loan-bankrupt-tech-build/ > SAN JOSE — A big north San Jose office building might dodge foreclosure if a federal judge approves a bankruptcy plan that’s being floated to reorganize the empty property’s feeble finances. > Despite the attempt at financial rescue, property values for office buildings continue to erode in the Bay Area, court papers filed in this bankruptcy case suggest.