An abandonment of San Francisco commercial mortgages, the Fed presses the pause button and President Biden’s unlikely railroad idea. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: I Left My Mortgage in San...
Another prominent San Francisco property has become the subject of property owner defaulting on its mortgage. The San Francisco Business Times reported Swift Real Estate Partners defaulted on a $62.3 million loan for 55 New Montgomery St., a 111-year-old office...
Wells Fargo (NYSE:WFC) is completing a deal to sell a downtown San Francisco office property at a fraction of what it paid two decades ago. CoStar News, sourcing its coverage from unnamed “people with direct knowledge of the deal,” reported the 355,000-square-foot...
The shopping center company Westfield is transferring the ownership of its Westfield San Francisco Centre shopping mall to its lender, citing a sharp decline in sales and occupancy. “For more than 20 years, Westfield has proudly and successfully operated San Francisco...
Elon Musk is being blamed for screwing up Goldman Sachs’ (NYSE:GS) first quarter results for refusing to pay rent on his Twitter offices. The Financial Times reported the financial institution was burdened by a spike in commercial real estate loan delinquencies during...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
