The real estate affiliate of New York Life Insurance is taking advantage of what it believes to be the bottom of San Francisco's office market by snapping up a property at a nearly 75% discount from its pre-pandemic pricing.
New York Life Snaps Up San Francisco Office Ahead of Projected ‘Recovery’
Investor Buys Vacant SoMa Property at 75% Discount
By Pawan Naidu
CoStar News
April 18, 2024 | 6:30 P.M.
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IN THIS ARTICLE
- Properties
- California Tower
550 California St, San Francisco, CA
- Presidio Bay
60 Spear St, San Francisco, CA
- Companies
- New York Life Real Estate Investors
Real Estate
- Clarion Partners
Finance and Insurance
- Peninsula Land & Capital LLC
Real Estate