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downtown Oakland office tower has been sold to a new buyer despite plummeting property values in the area.
The sale comes as the Bay Area's office vacancy rates are at an all-time high, making it a challenging time for commercial real estate. The 15-story building, located at 180 Grand Avenue, spans over 278,000 square feet and includes a nearby parking garage.
This transaction marks another sign of the struggling Bay Area office market, where demand is low and prices have dropped significantly.
