Big San Jose office building is seized by lender as market wobbles

Big San Jose office building is seized by lender as market wobbles

2 weeks ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/05/13/san-jose-property-real-estate-office-build-economy-loan-foreclose-tech/

SAN JOSE — A big San Jose office building has been seized by its lender through a foreclosure that serves up fresh evidence the Bay Area commercial real estate sector continues to wobble.

The office building is located near the corner of North First Street and Montague Expressway, one of San Jose’s busy intersections and is perched next to a light rail line.