#commercial-property-market

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www.mercurynews.com
3 months ago
East Bay (California)

Court receiver seizes control of big San Jose building in loan default

A court receiver has taken control of a delinquent office building in San Jose due to economic woes in the commercial property market.
The building's owner, Vista Investment Group, owes $24.3 million on the loan and is facing foreclosure. [ more ]
www.mercurynews.com
3 months ago
East Bay (California)

Court receiver seizes control of big San Jose building in loan default

A San Jose office building is being seized by a court receiver after falling into delinquency on its loan.
The building's owner, Vista Investment Group, is facing foreclosure and the receiver has been authorized to find a tenant for the property. [ more ]
www.mercurynews.com
4 months ago
East Bay (California)

Empty and neglected San Jose office building faces foreclosure as property woes widen

An empty office building in San Jose is facing receivership and loan foreclosure due to default on its loan.
The building's financial woes are indicative of the ongoing struggles in the Bay Area office market following the COVID-19 pandemic. [ more ]
CityAM
3 months ago
London

London office vacancy rates to rise in City, Wharf and West End amid Wework trouble

London office vacancy rates are expected to rise by the end of the year.
Vacancy rates in the City and London Docklands are predicted to increase. [ more ]
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