It looks like the fire sale of office buildings in San Francisco will not be ending anytime soon, with a 20-story tower at 33 New Montgomery Street about to join the ranks of heavily discounted properties.

Barings, the global investment management firm, is about to begin a search for a buyer for the tower, which is across the street from the luxury Palace Hotel and is known for a distinctive five-story clock tower and spire over its Market Street entrance.

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Jack Rogers

 

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