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Union Square Office Building Reborn | Real Estate News
A New York lender, Argentic Investment Management, has swooped in to acquire a defaulted Union Square office tower in San Francisco — a 117,000-square-foot building that once belonged to Urban Land Development and was saddled with a $73 million loan. With over half its space vacant and retail ground floor empty, the property’s future hangs in the balance as Argentic teams up with Swift Real Estate Partners to “reset” it. Meanwhile, Urban Land Development, already reeling from another defaulted loan on a newly built SF office, still holds other assets — including a recently completed project —…
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