CIM Group Looks to Sell SF Office Building Leased to Yelp
San Francisco
May 31, 2024

CIM Group looks to sell San Francisco office building leased to Yelp

Buyer can assume financing and count on cash flow until Yelp’s lease expires next year
ScaleAI Signs San Francisco’s Largest Office Lease of 2024
San Francisco
May 29, 2024

ScaleAI takes 180K sf, San Francisco’s largest office lease of 2024

AI company will triple its current footprint with move into former Airbnb site
Hudson Pacific posts $52M loss as office causes pain in portfolio
Los Angeles
May 3, 2024

Hudson Pacific posts $52M loss as office causes pain in portfolio

LA landlord’s troubles compound with slow demand for film production studios
Value of WeWork Capital, Rhone Group’s SF Building Falls 47%
San Francisco
Apr 1, 2024

WeWork venture’s SF office building now worth 25% less than debt

New appraisal pegs value of 600 California at $183M, a drop of 47% from 2019
San Francisco’s Largest CRE Defaults in 2023
San Francisco
Dec 29, 2023

Big-money defaults add up for San Francisco properties in 2023

Veritas, Brookfield, WeWork and Park Hotels couldn’t pay their debts this year
Highbridge Gets Forbearance on Loan for Oakland Offices
San Francisco
Sep 8, 2023

Rialto grants Highbridge forbearance for loan on Tribune Tower

Music producer Dr. Luke, TV’s Thom Beers investors in $99M office portfolio debt
GEM Realty in Trouble on SF Office Building Loan for $24M
San Francisco
Aug 15, 2023

GEM Realty in trouble on SF office building with WeWork as tenant

Loan for $24M enters special servicing as co-working firm admits “doubt” about future
Netflix co-CEOs Ted Sarandos and Reed Hastings and Netflix office at 1375 Vine Street (Google Maps, Getty)
San Francisco
Jul 19, 2022

Netflix lease exits total to $80M loss

Streamer trying to “rightsize office footprint”
San Francisco’s office market got even worse in 2021
San Francisco
Feb 11, 2022

San Francisco’s office market got even worse in 2021

Vacancy shot up more than 19%, asking rents slipped
Merrill Lynch to leave the San Francisco building it’s called home for more than 20 years
San Francisco
Feb 4, 2022

Merrill Lynch to leave the San Francisco building it’s called home for more than 20 years

Company will move into space owned by parent Bank of America
Slack lists more than 200,000 sf of SF office space for sublease
San Francisco
Feb 3, 2022

Slack lists more than 200,000 sf of SF office space for sublease

Company to focus on “digital first” work strategy
3100 Oak Road and Lane Partners' Scott Smithers (Lane Partners)
San Francisco
Jan 14, 2022

Walnut Creek office property sells for a loss as East Bay vacancies rise

Lane Partners, which paid $14.5M for the property, sold it for $9.5M
Rendering of 1431 Franklin Street Office (left) and Residential (right), with Tidewater managing principal Craig Young (Tidewater Capital, Large Architecture)
San Francisco
Dec 8, 2021

Two more projects proposed in Oakland, where others have stalled

Tidewater Capital pitches office, residential plans to city
Three Oakland office buildings haven’t broken ground two years after approval
San Francisco
Dec 6, 2021

Three Oakland office buildings haven’t broken ground two years after approval

Developer TMG optimistic, though it won’t say when construction will start
CitiGroup CEO Jane Fraser with One Sansome Street (CitiGroup, Premier Workspaces)
San Francisco
Nov 18, 2021

Citigroup to leave longtime SF home, cut office footprint by half

Bank will leave Sansome Street tower it has occupied for the past decade
Judge rules in favor of demolishing Brutalist San Jose building for office park
San Francisco
Nov 2, 2021

Judge rules in favor of demolishing Brutalist San Jose building for office park

Preservationists petitioned to save the 48-year-old CityView Plaza building
SF can approve less than 200K sq ft of office projects next year
San Francisco
Oct 25, 2021

SF can approve less than 200K sq ft of office projects next year

Under Prop E., failure to meet affordable housing goals imposes drastic limits on office development