Get yourself a whole office tower for a large seed round.

An office tower on the IKEA block sold for $6.5M—that's a 90% drop in value from when it last sold.

A day before losing the tower, its owner bought another office building at a discount. Read about #SanFrancisco 's crazy ownership shuffle👇 San Francisco Chronicle

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Latest: Weakness in  #SanFrancisco ’s commercial real estate market & the slow-moving recovery of economic drivers such as  #tourism  stand to jeopardize the city’s ability to repay its debt. San Francisco Chronicle

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New sublease alert: Following a challenging year for cruise's robotaxis, the company now has close to 200K square feet of #SanFrancisco office space that it no longer plans to occupy. San Francisco Chronicle

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A closer look at a stretch of Fillmore, between Clay and Pine streets, revealed a curious ownership shuffle in recent months on the ritzy S.F. neighborhood’s commercial corridor.

Buildings are quietly selling at high prices — but who is buying?
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Scoop: In the same week in which Maximus Real Estate was determined to be at risk of defaulting on $1.8B debt tied to its Parkmerced community, the city moved to collect tax payments owed by the #SanFrancisco developer for its downtown HQ. San Francisco Chronicle

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After a wave of closures, SF’s biggest mall has leased three vacant spaces. No word yet on who sfchronicle.com/bayarea/articl…

Tonight!!

Very cool to spend some time in the Excelsior and meet some of the kindest businesses owners around.

I’ll be back for the food too this stretch is packed with some gems

JUST IN: Former 'start-up village' in #SanFrancisco 's SoMa neighborhood that was once home to companies like Zendesk, Eventbrite & Pinterest, sells for huge discount.

Its new owners believe office recovery has begun...
San Francisco Chronicle
CBRE

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Parkmerced, one of San Francisco’s biggest apartment complexes, is at risk of defaulting on its nearly $1.8 billion mortgage.

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Scoop: The small buildings on Fillmore in #SanFrancisco 's ritzy Pac Heights have long been owned by mom & pop landlords. But 7 sold this year in a curious ownership shuffle that has some wondering if their stealthy buyers are the same person.
San Francisco Chronicle

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Several buildings on this ritzy San Francisco street are quietly selling at high prices. But who’s buying?

By Laura Waxmann

sfchronicle.com/realestate/art… via San Francisco Chronicle

JUST IN: The former #SanFrancisco headquarters tower of Charles Schwab Corp is the latest downtown office building with mortgage challenges. Here is what owner Blackstone plans to do about its troubled loan.
San Francisco Chronicle

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Chronicle Live at Manny's: Join Chronicle real estate reporter Laura Waxmann and other experts to hear about the past, present and future of San Francisco’s retail heart

Get your tickets today ⤵️
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Though it spans just a single square block, Union Square has loomed large in #SanFrancisco . Today, it’s in flux.

I'll be moderating a panel 4/18 on the past, present & future of S.F.'s premier shopping district. Come thru!
San Francisco Chronicle Manny’s!

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JUST IN: After inking a big lease in #SanFrancisco ’s Mission Bay last year, OpenAI could be eying an expansion in the area, sources have confirmed.

But the growing firm is also said to be weighing its options in another corner of the Bay. San Francisco Chronicle

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Whoop! Whoop! Friday🤖 scoop! theinformation.com/articles/jony-…