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Union Square’s Quiet Real Estate Revolution | Real Estate News
Two savvy investors, Ian Jacobs and Doug MacMahon, are quietly reshaping San Francisco’s Union Square by snapping up undervalued properties—some off the market for decades—at steep discounts amid the district’s recent decline. As downtown struggled with shuttered stores and rising crime, these outsiders seized the moment, assembling portfolios that would normally take years. MacMahon, a Texas native, has secured key landmarks near luxury retailers, even buying foreclosed debt. Jacobs, from a real estate dynasty, aims to amass millions of square feet. Their bold moves signal renewed confidence…
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