Foreclosure looms for empty San Jose office and biotech building

Foreclosure looms for empty San Jose office and biotech building

a year ago
Anonymous $HYlO-3b458

https://www.siliconvalley.com/2023/11/01/san-jose-real-estate-tech-office-foreclose-loan-build-economy-covid/

SAN JOSE — A big San Jose office and research building faces foreclosure and seizure by its lender, a fresh reminder of the widening post-coronavirus ailments that afflict the Bay Area commercial real estate market.

At one point, Khloris Biosciences had signed a lease to occupy the entire building. It wasn’t clear, however, whether the company ever occupied the building at 5729 Fontanoso Way in south San Jose.