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San Francisco Office Tower Lands Buyer at Much Lower Price

Bynewsmagzines

May 10, 2023
The Union Bank-owned office tower at 350 California St. in downtown San Francisco first hit the market in mid 2020. (CoStar)


It has been nearly three years since financial giant Union Bank put its downtown San Francisco office building up for sale with a $250 million price tag. Now, with a buyer finally waiting in the wings, the tower is slated to sell for just a fraction of the original listing — in a sign of San Francisco’s mounting office woes.

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