#office-market-decline
#office-market-decline

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High-profile San Jose tech campus lands buyer at big price discount

San Jose tech campus sold for $63.6 million, 33.7% below its 2015 price and 44.8% below assessed value, reflecting office-market weakness.

East Bay real estate

fromThe Mercury News

1 month ago

Foreclosure of big East Bay office hub shows plunging property values

Plaza San Ramon, a 312,000-square-foot two-building office complex, was foreclosed and revalued at $30 million, more than 50% below its 2018 purchase price.

Real estate

fromwww.mercurynews.com

1 month ago

South Bay tech campus is bought for $50 million-plus as office values fade

A Silicon Valley tech campus sold for $55.5 million, a 43.1% drop from its 2018 $97.6 million price, signaling depressed Bay Area office values.

fromBoston.com

2 months ago

A 5-story building near South Station is headed to auction

A five-story office building just steps from South Station will be auctioned on Nov. 5. Paul E. Saperstein Co. Auctioneers & Appraisers is listing the 98,000-square-foot property at 99 Bedford St. The building, which dates back to 1899, houses five tenants and features a renovated lobby completed in 2020. Ground-level tenants include Forefront Eye Care and TALK English School, while state filings show that Korb & Associates PLLC also leases office space in the building.