Oakland office tower lands buyer for huge loss in property value
OAKLAND — An office tower in downtown Oakland and a nearby parking garage have landed a new owner in a deal that provides a forbidding new sign of a weak Bay Area office market.
The 15-story highrise and its parking garage have been bought for no more than $99.6 million, according to documents filed on Oct. 10 with the Alameda County Recorder’s Office.
278,000-square-foot, 15-story office tower at 180 Grand Avenue in downtown Oakland, as seen in July 2024. (Google Maps)Lakeside Group and Rubicon Point Partners...
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