Historic downtown Oakland tower is returned to lender in feeble office market

Historic downtown Oakland tower is returned to lender in feeble office market

a year ago
Anonymous $pUsIN4hzN9

https://www.siliconvalley.com/2023/08/01/oakland-downtown-office-tower-history-loan-weak-real-estate-economy/

OAKLAND — A historic downtown Oakland office tower that’s described as the East Bay city’s “original highrise” has been returned to its lender, a fresh indicator of the worsening weakness in the Bay Area office market.

The Syndicate Building, an office tower at 1440 Broadway, is now in the hands of its lender, a disquieting hint that economic maladies linger for the region’s feeble office sector in the wake of the coronavirus outbreak.

Historic downtown Oakland tower is returned to lender in feeble office market

Aug 1, 2023, 1:20pm UTC
https://www.siliconvalley.com/2023/08/01/oakland-downtown-office-tower-history-loan-weak-real-estate-economy/ > OAKLAND — A historic downtown Oakland office tower that’s described as the East Bay city’s “original highrise” has been returned to its lender, a fresh indicator of the worsening weakness in the Bay Area office market. > The Syndicate Building, an office tower at 1440 Broadway, is now in the hands of its lender, a disquieting hint that economic maladies linger for the region’s feeble office sector in the wake of the coronavirus outbreak.