https://www.siliconvalley.com/2024/08/23/san-jose-office-house-tech-economy-build-property-real-estate-loan/

SAN JOSE — A loan for a proposed tower project at a prime downtown San Jose site has tumbled into delinquency and default, a fresh indicator that economic woes haunt the Bay Area’s real estate sector.

The Carlysle, as the highrise project is known, faces some financial uncertainties in the wake of the loan delinquency, which came to light through a notice of default filed on Aug. 21 with the Santa Clara County Recorder’s Office.