Lone Star Funds has acquired the distressed CMBS note on a 359,883-square-foot office tower at 600 California St. in San Francisco's Financial District for $130 million from WeWork Capital Advisors and Rhône Group.
Lone Star buys distressed San Francisco office loan
WeWork default drove sale of debt on California Street tower at 46% discount
By Zahra Ihsan with
January 20, 2026 | 7:05 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Lone Star Funds
Finance and Insurance
- Rhone Group, LLC
Finance and Insurance
- Contacts
- Brendan Raney
Associate Director Capital Markets, Newmark
- Darren Hollak
Managing Director, Newmark
- Steven Golubchik
Executive Vice Chairman and President, Newmark
- Edmund Najera
Vice Chairman, Newmark