realestate

Lender Seizes South Bay Tech Campus in Real Estate Foreclosure

Lender seizes large Mountain View tech campus amid Bay Area office loan default.

O
ffice market woes continue as a major tech campus in Mountain View is repossessed after a loan default, marking the latest Bay Area office loan failure. In related headlines: 15 % of California homeowners spend over half their income on housing costs; a family sold a long‑standing San Jose egg ranch for millions; a San Jose apartment complex is delinquent and faces foreclosure; and a new East Bay housing development has seen its density sharply reduced.

Lender seizes South Bay tech campus during foreclosure.