{"id":493805,"date":"2026-10-12T19:02:12","date_gmt":"2026-10-12T19:02:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/493805\/"},"modified":"2026-10-12T19:02:12","modified_gmt":"2026-10-12T19:02:12","slug":"loan-default-jolts-san-jose-tech-hub-thats-home-to-electric-taxi-firm-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/493805\/","title":{"rendered":"Loan default jolts San Jose tech hub that&#8217;s home to electric taxi firm"},"content":{"rendered":"<p>SAN JOSE \u2014 A three-building tech campus in San Jose that includes <a href=\"https:\/\/www.mercurynews.com\/2025\/08\/15\/san-jose-economy-tech-jobs-build-office-property-electric-real-estate\/\" rel=\"nofollow noopener\" target=\"_blank\">air taxi company Archer Aviation<\/a> as one of its tenants defaulted on an $80 million loan, documents filed on Oct. 9 with the Santa Clara County Recorder\u2019s Office show.<\/p>\n<p>The delinquent loan was issued to a group linked to <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1685212\/000153949716003665\/n738_ts-x4.htm\" rel=\"nofollow noopener\" target=\"_blank\">real estate investment firm KU Education<\/a> in 2016 by Jefferies Loancore, documents show. The delinquent loan\u2019s maturity date was in August, at which time the financing was due to be paid in full.<\/p>\n<p>The campus at 190, 210 and 230 West Tasman Drive totals 287,371 square feet, a filing with the Securities and Exchange Commission shows.<\/p>\n<p>Archer Aviation leases the 190 and 210 West Tasman buildings.<\/p>\n<p>Itron Networked Solutions had been a tenant in the 210 and 230 West Tasman buildings until the tech company decided to <a href=\"https:\/\/www.mercurynews.com\/2025\/09\/23\/quad-at-tasman-campus\/\" rel=\"nofollow noopener\" target=\"_blank\">exit North San Jose and relocate its headquarters<\/a> to Santa Clara.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" lazyautosizes lazyload\" alt=\"210 West Tasman Drive in north San Jose, an office building that is part of a tech campus, as seen on Oct. 9, 2026. (George Avalos\/Bay Area News Group)\" width=\"2500\" data- src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/10\/SJM-L-SJNOFFICELOAN-02.jpg\" data-attachment-id=\"13129091\" \/>210 West Tasman Drive in north San Jose, an office building that is part of a tech campus, as seen on Oct. 9, 2026. (George Avalos\/Bay Area News Group)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"SAN JOSE \u2014 A three-building tech campus in San Jose that includes air taxi company Archer Aviation as&hellip;\n","protected":false},"author":2,"featured_media":493806,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[184,387,7,8,3010,1335,383,1533,181,23,100,14293,3012,388,88,90,89,5406,198,94685,200,1970],"class_list":["post-493805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-bay-area","tag-business","tag-california","tag-california-news","tag-commercial-real-estate","tag-development","tag-economy","tag-keywee","tag-latest-headlines","tag-local-news","tag-news","tag-north-san-jose","tag-office-buildings","tag-real-estate","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-san-jose-real-estate","tag-santa-clara-county","tag-social-alert","tag-south-bay","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/493805","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=493805"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/493805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/493806"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=493805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=493805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=493805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}