Concord tower real estate deal underscores office market frailty

Concord tower real estate deal underscores office market frailty

a year ago
Anonymous $pUsIN4hzN9

https://www.siliconvalley.com/2023/08/28/concord-real-estate-office-buy-sell-build-develop-economy-covid/

CONCORD — A downtown Concord tower and adjacent parking garage have been bought in a real estate deal that underscores the frailty of the Bay Area office market.

The office complex and garage, known as One Concord Center, were bought for roughly half of their prior sale price, which occurred in 2017, according to documents filed on Aug. 21 at the Contra Costa County Recorder’s Office.

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