San Jose tech building topples into default as office market struggles

San Jose tech building topples into default as office market struggles

5 months ago
Anonymous $Pi6HN8Q0B-

https://www.siliconvalley.com/2023/12/20/san-jose-tech-office-real-estate-loan-default-foreclose-economy-build/

SAN JOSE — A big San Jose tech building has toppled into a loan default, a financial setback that underscores the widening economic ailments that confront the Bay Area office market in the wake of the coronavirus outbreak.

The office building at 10 West Tasman Drive is now delinquent on its mortgage, according to documents filed on Dec. 15 with the Santa Clara County Recorder’s Office.