A joint venture started by WeWork and Rhone Group in 2019 has defaulted on a $240M loan for an office tower at 600 California Street in San Francisco’s Financial District.

WeWork coworking offices are an anchor tenant in the 20-story building, which is owned by funds that were formed in a venture aiming to buy and oversee real estate, Bloomberg reported.

Jack Rogers

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.