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An Oakland office tower was sold at a 70% discount in a foreclosure auction, with the lender making a $4M credit bid. The building, previously purchased for $13.3M in 2017, faced financial challenges. This event reflects ongoing office market struggles in the San Francisco Bay Area, as Google abandons a downtown SF office building, leading to economic concerns. Blackrock, a key player in American business, is selling the building at a reduced price amid the economic downturn.
Another office disaster strikes the San Francisco Bay Area An Oakland office tower just traded hands at a massive 70% 'discount' The lender was the highest bidder w/ a $4M credit bid in a foreclosure auction The building was previously acquired for $13.3M in 2017 At… https://t.co/j14Hd1NO9p
omfg Google is leaving downtown SF. https://t.co/tLxuo7kjhT
BREAKING NEWS: SAN FRANCISCO HAS REACHED TERMINAL VELOCITY IN ITS ECONOMIC COLLAPSE AS GOOGLE ABANDONS DOWNTOWN SAN FRANCISCO OFFICE BUILDING AFTER PROMISING TO STAY... Blackrock, one of the company's that controls America, is selling the building at a deep discount. Even they… https://t.co/eW4eqnvoZT
