San Francisco Office Building Priced To Sell, Marked Down 80%

From the Wall Street Journal, April 27:

Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers.
350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market where office vacancy rates have soared.

(formerly) nice 'hood.

HT: 

80% (!) drawdown on some SanFran commercial properties. The only thing deader than the banks holding these commercial loans is the city itself! pic.twitter.com/3EhRMyQ4ng

— Philip Pilkington (@philippilk) April 27, 2023