Empty and neglected San Jose office building faces foreclosure as property woes widen
https://www.siliconvalley.com/2024/01/05/san-jose-office-real-estate-loan-default-economy-tech-foreclose-build/
SAN JOSE — A big and empty San Jose office building that has tumbled into neglect — including a defunct fire alarm system — faces receivership and a loan foreclosure as the Bay Area’s commercial property woes worsen.
The office building, located at 3100 North First Street, is in default on its loan and could be seized by its lender, according to documents filed on Jan. 4 with the Santa Clara County Recorder’s Office.
Empty and neglected San Jose office building faces foreclosure as property woes widen
Fri Jan 5, 5:14pm UTC
https://www.siliconvalley.com/2024/01/05/san-jose-office-real-estate-loan-default-economy-tech-foreclose-build/
> SAN JOSE — A big and empty San Jose office building that has tumbled into neglect — including a defunct fire alarm system — faces receivership and a loan foreclosure as the Bay Area’s commercial property woes worsen.
> The office building, located at 3100 North First Street, is in default on its loan and could be seized by its lender, according to documents filed on Jan. 4 with the Santa Clara County Recorder’s Office.