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Foreclosure looms over San Francisco office tower amid financial struggles

Lenders sue to place downtown high-rise into receivership months after landlord defaulted on $350 million loan
Kylli, the United States arm of Chinese investor Genzon, in late 2024 defaulted on a loan backed by the 225 Bush St. office tower in downtown San Francisco. (CoStar)
Kylli, the United States arm of Chinese investor Genzon, in late 2024 defaulted on a loan backed by the 225 Bush St. office tower in downtown San Francisco. (CoStar)
CoStar News
August 12, 2025 | 9:13 P.M.

San Francisco's office market has been gradually gaining steam on its road to recovery, but one landlord's struggle to rebuild its post-pandemic occupancy has highlighted the city's bifurcated rebound.

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