Lobby area of The Syndicate office tower at 1440 Broadway in downtown Oakland. (Laura A. The Syndicate Building, an office tower at 1440 Broadway, is now in the hands of its lender, a disquieting hint that economic maladies linger for the region’s feeble office sector in the wake of the coronavirus pandemic.īrightspire Capital, a real estate investment firm and lender, has taken ownership of the 10-story high-rise through a special deed that shows the property’s unpaid debt was $25.5 million at the time of the transaction, according to documents filed on July 28 with the Alameda County Recorder’s Office. ![]() ![]() OAKLAND - A historic downtown Oakland office tower known as the East Bay city’s “original high-rise” has been returned to its lender, a fresh indicator of the worsening weakness in the Bay Area office market.
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