Deal To Sell Mission West Properties Still Going?

As of late last month, Carl Berg was quoted saying that if his deal to sell the company didn’t materialize by the end of the month, it would be taken off the table. Well, the end of October has come and gone with no word of a sale.

On Monday however, Carl Berg was quoted by the Merc as saying the deal was still going. What’s holding up the deal, if any, is not known but it is probably reasonably safe to say lining up what is likely $1B+ in commercial debt is not an easy task right now, particularly for buildings which are have a vacancy rate of over 30%.

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