{"id":449253,"date":"2026-08-31T22:04:08","date_gmt":"2026-08-31T22:04:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/449253\/"},"modified":"2026-08-31T22:04:08","modified_gmt":"2026-08-31T22:04:08","slug":"foreclosed-santa-clara-office-hub-lands-bay-area-buyer-at-low-price","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/449253\/","title":{"rendered":"Foreclosed Santa Clara office hub lands Bay Area buyer at low price"},"content":{"rendered":"<p>SANTA CLARA \u2014 An office building in Santa Clara involved in a foreclosure due to a failed real estate loan was bought by a Bay Area investment group for $44.3 million, less than half its recently assessed value, records show.<\/p>\n<p>SFF Realty Partners, through an affiliate, acquired the 152,300-square-foot <a href=\"https:\/\/www.mercurynews.com\/2025\/01\/28\/santa-clara-office-property-build-economy-loan-develop-real-estate-tech\/\" rel=\"nofollow noopener\" target=\"_blank\">building at 2390 Mission College Blvd.<\/a>, a grant deed filed on Aug. 28 in Santa Clara County shows.<\/p>\n<p>The building suffered a default in January 2025 on a $72 million loan provided in 2022 by Tennessee-based investment management firm AllianceBernstein.<\/p>\n<p>In May 2025, an <a href=\"https:\/\/www.mercurynews.com\/2025\/05\/29\/santa-clara-property-build-real-estate-loan-develop-south-bay-economy\/\" rel=\"nofollow noopener\" target=\"_blank\">AllianceBernstein affiliate foreclosed<\/a> on the loan.<\/p>\n<p>As of January, the building\u2019s assessed value was roughly $103 million.<\/p>\n","protected":false},"excerpt":{"rendered":"SANTA CLARA \u2014 An office building in Santa Clara involved in a foreclosure due to a failed real&hellip;\n","protected":false},"author":2,"featured_media":449254,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[184,387,7,3010,1335,383,181,100,3012,388,88,90,89,197,198,200,1970],"class_list":["post-449253","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-bay-area","tag-business","tag-california","tag-commercial-real-estate","tag-development","tag-economy","tag-latest-headlines","tag-news","tag-office-buildings","tag-real-estate","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-santa-clara","tag-santa-clara-county","tag-south-bay","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/449253","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=449253"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/449253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/449254"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=449253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=449253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=449253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}