Clint Reilly Offloads San Francisco Mixed-Use Building

San Francisco media mogul Clint Reilly has sold yet another property in the city.

The investor and San Francisco Examiner owner unloaded his 18,300-square-foot office and retail building at 360 Pine Street for $9.2 million, or just over $500 per square foot, the San Francisco Chronicle reported. The buyer in the transaction is an entity tied to Matt Fisher, president of Hayward-based Fordere Cornice Works, an architectural metal company that already owns a roughly 50,000-square-foot industrial building at 269 Potrero Avenue in Potrero Hill.

Reilly, whose holdings include the Merchants Exchange Building at 465 California Street and a 25-story office tower at 235 Pine Street, bought 360 Pine in 2006 for $5.1 million. The deal marks Reilly’s third property sale in two years and stands out in an office market that has been plagued by distress in recent years. Roughly one-third of San Francisco’s office inventory remains vacant, and many larger buildings are trading at steep discounts, often in the $300- to $350-per-square-foot range, according to the Business Times.

Most of the offices at 360 Pine are leased, and a new restaurant tenant is slated to set up shop on the ground floor. Italian eatery Credo, also owned by Reilly, closed early last year after operating at 360 Pine for 15 years.

The 360 Pine sale follows other recent real estate moves by Reilly. In 2024, he sold the former Little Fox Theater in Jackson Square to famed iPhone designer Jony Ive for $56.7 million. That property is located on a block where Ive paid above-market prices to assemble a group of buildings to serve as the headquarters for his design firm LoveFrom. That same year, Reilly sold a mansion in Sea Cliff for $14.5 million.

Last year, Reilly sold a $62.3 million loan tied to 235 Pine Street to Prime Finance; the exact price the locally based firm paid for the debt was not disclosed. While many building owners sell debt associated with buildings as a first step toward selling the properties themselves in lieu of foreclosure, Reilly plans to hang on to 235 Pine.

“I have no intention of selling this building, or letting anyone else own it,” Reilly told the San Francisco Business Times last year, saying the debt sale did not arise from “the issues around all of these office buildings that are going back to lenders.”— Chris Malone Méndez