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San Francisco Firm Helps Reset City’s Office Valuations With Deeply Discounted Deal

Presidio Bay Ventures To Acquire Downtown Property From Clarion Partners for $45 Million
New York investment firm Clarion Partners began marketing its 60 Spear St. office building in San Francisco with a $55 million price tag, about half of what the firm paid nearly a decade ago. (CoStar)
New York investment firm Clarion Partners began marketing its 60 Spear St. office building in San Francisco with a $55 million price tag, about half of what the firm paid nearly a decade ago. (CoStar)
CoStar News
July 12, 2023 | 5:53 P.M.

Office landlords across San Francisco have been forced to swallow dwindling property valuations as a small pool of prospective buyers are willing to close a deal, albeit at a steep discount.

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