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Downtown San Francisco Office Sale Spotlights Plummeting Valuations

Swig Co., SKS Close $61 Million Purchase of Union Bank’s Long-Standing Home
The Union Bank-owned office tower at 350 California St. in downtown San Francisco hit the market in mid-2020. (CoStar)
The Union Bank-owned office tower at 350 California St. in downtown San Francisco hit the market in mid-2020. (CoStar)
CoStar News
September 6, 2023 | 7:51 P.M.

A long-awaited deal for a downtown San Francisco office tower has finally closed after efforts to offload the property garnered national attention and became a litmus test for property owners' pricing leverage amid a marketwide decline.

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