Real Estate Developer Soaked by Multimillion Dollar Loss on San Francisco Office Building [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
The property at 410 Townsend Street is a four-story, 76,000-square-foot building. During the halcyon days of the tech industry, 410 Townsend was known as a startup village and was valued at $1,100 per square foot. That adds up to $86 million, which is what Clarion Partners bought the property for in 2019. That high price is emblematic of the high valuations of prime office property before the COVID-19 pandemic. Fast forward to late 2023 when San Francisco's office market and the entire commercial sector has been brought low by record-high vacancy rates, and the picture changes dramatically. According to information compiled by ATTOM, a real estate data and research firm, California led the nation in commercial foreclosures in 2023 with 187. Unfortunately for Clarion Partners and many other commercial property investors, San Francisco is the scene of much of that financial carnage. Don't Miss: Only 0.2% of single-family rentals make this platform's rigorous cut. You can co-inves
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- Google Pay: How to use it, pros and cons, is it safe? [Business Insider]Business Insider
- Where Will Alphabet Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
- Bill that would tax Big Tech to help California media advances in Senate -- barely [Yahoo! Finance]Yahoo! Finance
- Microsoft to step up subscription, AI game: Analyst [Yahoo! Finance]Yahoo! Finance
- Here's How to Play Minecraft in Google for Its 15th Anniversary [CNET News]CNET News
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- 5/15/24 - Form 144
- GOOG's page on the SEC website