After months of contentious debate among residents and town officials, Los Gatos has received state approval to build...
Ritchie: The personality of ownership
As we see the first distressed office building sale transactions of what is romantically called The Great Reset — also known as the greatest single asset class value extinction event in commercial real estate history — a few observations about the leasing of these battered towers come to mind. Selling for pennies on the dollar from the prices of just three years ago, we are definitely seeing a category of more engaged, local and private new buyers. The great office value boom of the pre-pandemic era, say from around 2012-2019 followed by a brief gasp of hope that it would...