The RegistryArticle
Oakland’s 1 Kaiser Plaza Appraisal Craters 75% to $53.5MM as Kaiser Permanente Retreats
A fresh appraisal has slashed the value of CIM Group’s 1 Kaiser Plaza in downtown Oakland to $53.5 million, roughly a quarter of its 2016 issuance value, after anchor tenant Kaiser Permanente pared back its footprint and drove the building’s cash flow to breakeven. One of downtown Oakland’s signature office towers…
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