What’s up? Home sales near Google, at least
Sunday, August 19th, 2007Here’s some news you may have missed last week, based on staff and wire reports.
Monday
Silicon Valley isn’t immune from that pesky credit crunch, at least judging by the top headline in Monday morning’s paper: Carl Berg, chief executive of Mission West Properties, revealed that the $1.8 billion sale of his company’s 6.9-million-square-feet real estate portfolio collapsed because the would-be buyer couldn’t find financing to complete the deal. Over the previous 10 days, the situation with the lender went from “nothing would keep him from making the loan” to “we’re pulling out of the market,” Berg told our writer.




investment property