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major tech campus in Mountain View has defaulted on a loan exceeding $100 million, highlighting the struggles of the Bay Area's office market.
The default serves as a reminder that even prominent companies can falter in the region's weak office space market. A notable example is an office and research building at 1277 Terra Bella Avenue in Mountain View.
This development underscores the challenges facing the tech industry in the Bay Area, where high costs and changing workforce needs have led to decreased demand for traditional office spaces.
