These people play in a different financial scale… "Sixty Spear St. sold to Presidio Bay Ventures for $40.9 million, the company confirmed Thursday — about 66% less than its most recently assessed property value of $121 million. "
These people play in a different financial scale… "Sixty Spear St. sold to Presidio Bay Ventures for $40.9 million, the company confirmed Thursday — about 66% less than its most recently assessed property value of $121 million. "
I agree about the pricing, but it exists in its own insular world so I just compare apples.
I’m noting that many transactions and sales in that market are aimed at avoiding eventualities that pend in October.
Like not going ahead with building what would have been the 4th tallest builing in Frisco and selling the land because a loan is due in that month.
That’s a juicy morsel to drop merely because of market vagaries.
Then there are all the tech companies holding unbuilt real estate bags, e.g. Alphabet, who are trying to use one as employee housing.