Strada Investment Group paid $103M or $814 per SF for the 126537-SF 1 De Haro St. office in San Franciscos Design District buying from developer SKS Partners. The same day 25 Taylor St. traded to resolve a distressed $16.93M CMBS loan and a former WeWork-occupied SF office sold clearing a troubled CMBS loan.
Buyers are transacting in SF office again at reset pricing. The $814 per SF paid for 1 De Haro is a real number from a local buyer not a mark and it tells lenders and appraisers where creditworthy product actually clears in a gateway market.
The two CMBS resolutions are the quieter signal. Loans that sat in special servicing are being taken out by new equity underwriting from a written-down basis the mechanism by which a distressed market bottoms.
Implications: Each printed SF trade tightens the comp set and gives the next lender a live data point. Expect resolutions to accelerate as sellers accept that the bid is the basis.
Key Takeaways
- San Francisco office is transacting to find the floor not waiting to recover
- Printed trades give lenders the live comps a bottom requires
Commercial Real Estate Direct Jul 27 2026 San Francisco Office Property Sells for $103Mln · Commercial Real Estate Direct Jul 27 2026 Former WeWork Office in San Francisco Sells Resolving Troubled CMBS Loan
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