Defaults are becoming increasingly common, but the Silicon Valley office market is healthier than that of downtown San Francisco.
The asset management giant could seize the 2.2M SF property, which was valued at $650M two years ago.
Economists said at an event this week that several factors have been overlooked when assessing the state of the office market and its impact on cities.
IWG has signed for more than 10% of the office space at Olympia.
Cortland owns roughly $21B worth of apartment properties across the country.
Developers are beginning to build warehouses on office sites, but hurdles related to zoning and vacancy will likely prevent the trend from becoming a panacea.
Minneapolis and its office market have benefited from a robust medical tech sector.
The move makes Brookfield Properties the first commercial real estate company to source nuclear electricity directly for its buildings, it said.
But appraisers slashed the value of three office complexes in suburban Chicago more severely than the Atlanta properties.
Kurinksy said the building and worksite presented scale, logistics and safety challenges unlike anything BEAR had encountered before.
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