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Investors scoop up historic office building in downtown San Francisco

TMG and Bridges Capital acquire property via a deed in lieu of foreclosure
149 New Montgomery St. was among the first wave of rebuilding in downtown San Francisco following the flattening of most of the city in the 1906 earthquake and fires. (CoStar)
149 New Montgomery St. was among the first wave of rebuilding in downtown San Francisco following the flattening of most of the city in the 1906 earthquake and fires. (CoStar)
CoStar News
September 4, 2025 | 4:11 P.M.

A historic office building constructed just after the 1906 earthquake leveled most of San Francisco has emerged from the city's most recent crisis with a new owner, as faith builds in the city's downtown resurgence.

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