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SAN FRANCISCO-Sources tell GlobeSt.com that a New York investment group that includes David Werner and Mark Karasick is under contract to buy Bank of America's 50% stake in the 1.8-million-sf Bank of America Center here for upward of $400 million, and that BofA will provide the debt for the purchase.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!