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Why some office investors are betting on Oakland's recovery

Properties to be had for pennies on the dollar in the Bay Area's second city
Frontline Realty Capital snapped up a distressed 10-story office building in downtown Oakland for just over $5 million, down from its $43.5 million price tag back in 2018. (CoStar)
Frontline Realty Capital snapped up a distressed 10-story office building in downtown Oakland for just over $5 million, down from its $43.5 million price tag back in 2018. (CoStar)
CoStar News
February 4, 2025 | 7:22 P.M.

Back in 2015, Oakland was booming. Technology workers streamed in from across the bay in search of cheaper rent. Uber announced it was moving its headquarters from San Francisco into the sprawling old Sears building downtown, setting off a string of investments in the Bay Area’s second city.

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