High-profile East Bay office building deal shows property value slump

High-profile East Bay office building deal shows property value slump

8 months ago
Anonymous $Ih1HCpClO1

https://www.siliconvalley.com/2025/03/24/east-bay-office-emeryville-economy-property-loan-foreclose-real-estate/

EMERYVILLE — A high-profile East Bay office building has been bought in a deal that shows commercial property values in the Bay Area remain locked in a nosedive.

An Emeryville office building at 6001 Shellmound Street has been grabbed by a Bay Area real estate firm in a streamlined foreclosure process, according to documents filed on March 19 with the Alameda County Recorder’s Office.