{"id":392533,"date":"2026-07-09T21:18:11","date_gmt":"2026-07-09T21:18:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/392533\/"},"modified":"2026-07-09T21:18:11","modified_gmt":"2026-07-09T21:18:11","slug":"peter-acworth-buys-embattled-san-francisco-building","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/392533\/","title":{"rendered":"Peter Acworth Buys Embattled San Francisco Building"},"content":{"rendered":"

A Mission District office building once caught up in a San Francisco government corruption scandal has a new owner who\u2019s no stranger to the city\u2019s commercial market.\u00a0<\/p>\n

An entity tied to Peter Acworth, founder of adult entertainment website Kink.com, bought the 95,000-square-foot office and industrial property at 1717 Mission Street for $14.9 million, the San Francisco Chronicle reported<\/a>. The purchase returns Acworth to a stretch of Mission Street long associated with his adult entertainment empire and closes the chapter on a property once owned by disgraced permit expediter Walter Wong.<\/p>\n

The building served as headquarters for Wong\u2019s Jaidin Consulting Group before FBI agents raided it in 2020 as part of the federal corruption investigation<\/a> centered on officials including former Public Works Director Mohammed Nuru. Wong became a central figure in the probe into alleged pay-to-play relationships between developers, contractors and city officials in a scandal that reshaped San Francisco\u2019s public contracting landscape.<\/p>\n

In 2022, Align Real Estate floated replacing the aging building<\/a> with a roughly 265,000-square-foot life sciences campus as the pandemic-era lab boom engulfed the Bay Area. But as venture capital funding slowed and demand for life sciences space cooled<\/a>, the proposal never moved beyond the planning stage and the property returned to the market.\u00a0<\/p>\n

Like many commercial properties in San Francisco\u2019s post-pandemic comeback, the building traded at a big\u00a0 markdown, fetching roughly $157 per square foot after hitting the market in 2020 with a $45 million, or nearly $474 per square foot, asking price. Acworth\u2019s plans for the site remain unknown.\u00a0<\/p>\n

Acworth bought the nearby San Francisco Armory at 1800 Mission Street in 2006 for $14.5 million, going on to convert the historic military building into Kink.com\u2019s headquarters and production studios before selling it for $65 million in 2018. Public records show entities tied to Acworth still own multiple properties in the neighborhood, though last month he sold three other buildings<\/a> at 201 Ninth Street in South of Market and 220 Sixth Street and 2950-2952 21st Street in the Mission District for a combined $6.7 million.<\/p>\n

\u2014 Chris Malone M\u00e9ndez<\/p>\n

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Adult website founder sells three SF buildings amid legal battle<\/p>\n

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Developer of 266K sf life science laboratory in SoMa revealed<\/p>\n

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Politically connected SF real estate investor Makras indicted for bank fraud<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A Mission District office building once caught up in a San Francisco government corruption scandal has a new…\n","protected":false},"author":2,"featured_media":392534,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[157895,101,103,102,104,106,105],"class_list":["post-392533","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-francisco","tag-peter-acworth-san-francisco","tag-san-francisco","tag-san-francisco-headlines","tag-san-francisco-news","tag-sf","tag-sf-headlines","tag-sf-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/392533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=392533"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/392533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/392534"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=392533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=392533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=392533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}