![]() ![]() Lobby area of The Syndicate office tower at 1440 Broadway in downtown Oakland. (Laura A. ![]() The Syndicate Building, an office tower at 1440 Broadway, is now in the hands of its lender, a disquieting hint that economic maladies linger for the region’s feeble office sector in the wake of the coronavirus pandemic.īrightspire Capital, a real estate investment firm and lender, has taken ownership of the 10-story high-rise through a special deed that shows the property’s unpaid debt was $25.5 million at the time of the transaction, according to documents filed on July 28 with the Alameda County Recorder’s Office. OAKLAND - A historic downtown Oakland office tower known as the East Bay city’s “original high-rise” has been returned to its lender, a fresh indicator of the worsening weakness in the Bay Area office market. ![]()
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