Bay Area office complex is bought in deal that points to weak property values
https://www.siliconvalley.com/2023/12/22/concord-bay-area-office-buy-sell-build-develop-real-estate-economy/
CONCORD — A big office complex in Concord has been bought in a deal that suggests property values have nosedived for Bay Area offices in the wake of the coronavirus-spawned business lockdowns.
Concord Corporate Centre has been bought for $20 million by an affiliate of Sierra Pacific Properties, a real estate firm controlled by the Seeno family, according to documents filed on Dec. 14 with the Contra Costa County Recorder’s Office.
Bay Area office complex is bought in deal that points to weak property values
Fri Dec 22, 4:28pm UTC
https://www.siliconvalley.com/2023/12/22/concord-bay-area-office-buy-sell-build-develop-real-estate-economy/
> CONCORD — A big office complex in Concord has been bought in a deal that suggests property values have nosedived for Bay Area offices in the wake of the coronavirus-spawned business lockdowns.
> Concord Corporate Centre has been bought for $20 million by an affiliate of Sierra Pacific Properties, a real estate firm controlled by the Seeno family, according to documents filed on Dec. 14 with the Contra Costa County Recorder’s Office.