DivcoWest Closes on 47.5% of San Francisco’s 101 California Tower in ~$450MM Trophy Office Deal

The tide turns for a Florida darling and California loser

San Francisco and Miami experience a reversal of fortunes as the tech city recovers from pandemic exodus while the Florida metropolis faces housing affordability crisis.

DivcoWest Closes on 47.5% of San Francisco’s 101 California Tower in ~$450MM Trophy Office Deal

DivcoWest has completed its purchase of a 47.5 percent stake in 101 California Street, finalizing San Francisco’s largest office transaction in more than four years and converting a closely watched listing into a concrete signal that trophy capital has returned to the Financial District. The deal closed last week, according to industry sources with direct […] The post DivcoWest Closes on 47.5% of San Francisco’s 101 California Tower in ~$450MM T…