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santafe2

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Re: gfp927z post# 106265

Thursday, 06/01/2023 4:56:34 PM

Thursday, June 01, 2023 4:56:34 PM

Post# of 110732
A bit more on commercial real estate. The 350 California building in San Francisco's financia district was appraised at $300MM in 2019. After the pandemic and work from home, the owner took it off the market in 2021 when bids peaked at $180MM. Last month they had to sell for about $60MM. We're finally getting to near the bottom of the market.

350 California

The stock market is a device for transferring money from the impatient to the patient. - WB

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