Los AngelesAug 12, 2024Hudson Pacific losses balloon 50% as office revenues dipFirm lacks “visibility” on when its studio portfolio will normalize operations
San FranciscoJul 10, 2024Google re-ups office lease in SF’s SoMa — but with less than half the spaceTech firm leases 64K sf at 215 Fremont, where it occupied 140K sf in 2019
San FranciscoJun 27, 2024Andreessen Horowitz leases 35K sf at DivcoWest building on Sand Hill RoadVC firm to take two buildings in Menlo Park
San FranciscoMay 31, 2024CIM Group looks to sell San Francisco office building leased to YelpBuyer can assume financing and count on cash flow until Yelp’s lease expires next year
San FranciscoMay 29, 2024ScaleAI takes 180K sf, San Francisco’s largest office lease of 2024AI company will triple its current footprint with move into former Airbnb site
Los AngelesMay 3, 2024Hudson Pacific posts $52M loss as office causes pain in portfolioLA landlord’s troubles compound with slow demand for film production studios
San FranciscoApr 1, 2024WeWork venture’s SF office building now worth 25% less than debtNew appraisal pegs value of 600 California at $183M, a drop of 47% from 2019
San FranciscoDec 29, 2023Big-money defaults add up for San Francisco properties in 2023Veritas, Brookfield, WeWork and Park Hotels couldn’t pay their debts this year
San FranciscoSep 8, 2023Rialto grants Highbridge forbearance for loan on Tribune TowerMusic producer Dr. Luke, TV’s Thom Beers investors in $99M office portfolio debt
San FranciscoAug 15, 2023GEM Realty in trouble on SF office building with WeWork as tenantLoan for $24M enters special servicing as co-working firm admits “doubt” about future
San FranciscoJul 19, 2022Netflix lease exits total to $80M lossStreamer trying to “rightsize office footprint”
San FranciscoFeb 11, 2022San Francisco’s office market got even worse in 2021Vacancy shot up more than 19%, asking rents slipped
San FranciscoFeb 4, 2022Merrill Lynch to leave the San Francisco building it’s called home for more than 20 yearsCompany will move into space owned by parent Bank of America
San FranciscoFeb 3, 2022Slack lists more than 200,000 sf of SF office space for subleaseCompany to focus on “digital first” work strategy
San FranciscoJan 14, 2022Walnut Creek office property sells for a loss as East Bay vacancies riseLane Partners, which paid $14.5M for the property, sold it for $9.5M
San FranciscoDec 8, 2021Two more projects proposed in Oakland, where others have stalledTidewater Capital pitches office, residential plans to city
San FranciscoDec 6, 2021Three Oakland office buildings haven’t broken ground two years after approvalDeveloper TMG optimistic, though it won’t say when construction will start
San FranciscoNov 18, 2021Citigroup to leave longtime SF home, cut office footprint by halfBank will leave Sansome Street tower it has occupied for the past decade
San FranciscoNov 2, 2021Judge rules in favor of demolishing Brutalist San Jose building for office parkPreservationists petitioned to save the 48-year-old CityView Plaza building
San FranciscoOct 25, 2021SF can approve less than 200K sq ft of office projects next yearUnder Prop E., failure to meet affordable housing goals imposes drastic limits on office development