Login

San Francisco foreclosed land sells for $60 million

Major downtown development site acquired at 80% below pre-pandemic value
Buildings on First Street in San Francisco's South Financial District were demolished in 2017. (Anita Shin/CoStar)
Buildings on First Street in San Francisco's South Financial District were demolished in 2017. (Anita Shin/CoStar)
By Zahra Ihsan with
CoStar Research
February 12, 2026 | 6:22 P.M.

The San Francisco Recovery Fund acquired a 1.21-acre land portfolio in downtown San Francisco from China Oceanwide USA Holdings for $60 million with plans to build an office tower at First and Mission streets.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | San Francisco foreclosed land sells for $60 million