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Developer Emerges as Buyer for Troubled San Francisco Office Building

Strata Investment Prepares To Close $70 Million Deal for KBS Realty-Owned Spear St. Property
KBS Realty Advisors acquired the 201 Spear St. office building in downtown San Francisco a decade ago for $121 million. (Costar)
KBS Realty Advisors acquired the 201 Spear St. office building in downtown San Francisco a decade ago for $121 million. (Costar)
CoStar News
November 16, 2023 | 8:16 P.M.

Another local buyer is swooping in to purchase a beleaguered downtown San Francisco office building at an expected big discount as sales volume in the city gains steam, propelled by pricing that is lagging far behind pre-pandemic levels.

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