Category: Bay Area Cities

The owner of two iconic San Francisco office properties is likely to give them up as major tenants pull out and the final due date for debt payments draws nearer, according to an earnings call with the New York real estate firm the Paramount Group. One of the properties is known as the Market Center, a 770,000-square-foot brutalist office complex… Read More

New York-based Paramount Group Inc. seems to be facing a real estate dilemma with its San Francisco properties. According to a ConnectCRE report, the company will likely surrender a pair of office towers it snapped up in 2019 for nearly $950 million at the top of the city’s pre-pandemic real estate boom. The decision to write down the investments for… Read More

A mall by any other name is still a mall. Trident Pacific Real Estate Group, the court-appointed receiver for the beleaguered San Francisco Centre mall at 865 Market Street, has decided to rename it the “Emporium Centre San Francisco,” the San Francisco Standard reported. The Newport Beach-based receiver will pull down the old signs and hoist new ones as part… Read More

New York-based office REIT Paramount Group Inc. appears poised to give up a pair of downtown San Francisco office properties it acquired in 2019 for a total of nearly $950 million, the San Francisco Business Times reported. This would position Paramount as the latest office landlord trying to unload buildings purchased at the height of the city’s pre-pandemic market. Paramount… Read More