#office-market-decline

[ follow ]
NYC real estate
fromThe Daily Upside
10 hours ago

How Advisors Are Finding Opportunities in Private Real Estate Right Now

Commercial real estate values remain 17% below 2022 peaks due to pandemic office vacancies and interest rate increases, presenting potential buying opportunities despite sector skepticism and illiquidity concerns.
fromThe Mercury News
2 months ago

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

SAN JOSE - A tech campus in San Jose has been bought at a big price cut compared with its prior value in a sign that the Bay Area office market remains wobbly at the same time it presents opportunities for savvy investors. The office hub, located at 375 West Trimble Road, has been bought for $63.6 million, according to documents filed on Dec. 31 with the Santa Clara County Recorder's Office.
Silicon Valley real estate
East Bay real estate
fromThe Mercury News
3 months 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
3 months 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
5 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.
Real estate
[ Load more ]