SAN JOSE — An empty San Jose office building has been foreclosed and seized by its lender, a financial real estate failure that serves as a disquieting reminder of the maladies that afflict the frail Bay Area office market. The building, located at 5729 Fontanoso Way in south San Jose, was seized by its lender, … Read more
SUNNYVALE — A big office complex in Sunnyvale that could be replaced by housing has been seized by its lender, a foreclosure that suggests the Bay Area’s office market remains feeble. Horizon Sunnyvale, known in commercial real estate circles as a “horizontal highrise” due to its massive end-to-end length, has suffered foreclosure and has been … Read more
SUNNYVALE — A big office complex in Sunnyvale that could be replaced by housing has been seized by its lender, a foreclosure that suggests the Bay Area’s office market remains feeble. Horizon Sunnyvale, known in commercial real estate circles as a “horizontal highrise” due to its massive end-to-end length, has suffered foreclosure and has been … Read more
NEW DELHI: Since the Insolvency & Bankruptcy Code (IBC) kicked in over seven years ago, some 7,300 cases have been admitted in the NCLT. But the fear of losing control over their companies has prompted promoters to settle almost four times more cases – 27,514 to be precise – before they were admitted in the … Read more
SAN JOSE — A court receiver has seized control of an empty and neglected San Jose office building that’s delinquent on its loan, fresh evidence that economic woes still afflict the commercial property market. The receivership status of the office building, located at 3100 North First Street, is part of a process that would shove … Read more
SAN JOSE — A prime property near San Jose’s two mega malls could be auctioned off within weeks even though the site landed a new owner last fall, Santa Clara County real estate records show. The development site is located at 395 South Winchester Boulevard in San Jose and is near Westfield Valley Fair Mall … Read more
SAN JOSE — A big and empty San Jose office building that has tumbled into neglect — including a defunct fire alarm system — faces receivership and a loan foreclosure as the Bay Area’s commercial property woes worsen. The office building, located at 3100 North First Street, is in default on its loan and could … Read more
LONDON: Ethiopia became Africa‘s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of … Read more
SAN JOSE — A big San Jose tech building has toppled into a loan default, a financial setback that underscores the widening economic ailments that confront the Bay Area office market in the wake of the coronavirus outbreak. The office building at 10 West Tasman Drive is now delinquent on its mortgage, according to documents … Read more
OAKLAND — A big office complex in Oakland has flopped into a loan default, a financing setback that provides fresh evidence of the economic maladies that still afflict the Bay Area office market in the wake of the coronavirus. The Landing, a two-building office center on Hegenberger Road in Oakland, one of the gateways to … Read more