Kaiser Permanente has sold two of its Oakland buildings during a time of consolidating operations, reflecting a shift towards remote work, and highlighting its ongoing concerns regarding employee safety in the city.
The sale of the 1950 Franklin Street property for $14.35 million reflects Kaiser Permanente's adaptation to changing office needs, as the building has been unoccupied since the pandemic, emphasizing a broader trend in the corporate sector.
Following a significant consolidation, Kaiser plans to relocate around 1,200 Oakland employees to Pleasanton, echoing a transformed understanding of workspace needs and the impacts on urban office real estate.
Kaiser has expressed concerns over crime in Oakland, leading to proactive measures such as partnering on a $10 million security plan to ensure the safety of its workforce amidst a challenging urban landscape.
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