realestate

Oakland Landmark Seized Amid Office Market Decline

Oakland Landmark Seized by Lender After Century of Ownership

I
n a move reflecting the struggling office market, a lender has taken possession of a historic Oakland tower. The Leamington, an 11-story building on Franklin Street in downtown Oakland, is now under new ownership.

    Completed over a century ago, this mixed-use property holds significant cultural value as a registered landmark. Its seizure by the lender marks another high-profile example of the challenges facing office buildings in the area.

Oakland landmark building seized by lender amidst office market downturn.