JUST IN: Two San Francisco office buildings bought for $949M in 2019, have been marked down to zero
Market Center and 111 Sutter were acquired by Paramount Group for $722M and $227M, respectively
The owner said on an earnings call that they are in negotiations w/ lenders, but both investments have already been marked down to zero on the company books
The two buildings are a combined ~1M sq ft
Not a great time to be an office landlord or lender in San Francisco
|
||||||||||||||||||||||||
WordPress’d from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on
https://www.YouTube.com/watch?v=ejeIz4EhoJ0
Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO:
