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Ultra-wealthy are betting on San Francisco’s comeback

Karen Breslau and John Gittelsohn

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Goodwin Gaw is convinced people think he’s “an idiot” after he bought a foreclosed San Francisco office complex formerly owned by Blackstone for $US82 million ($124 million).

Roger Fields, who recently acquired a former Wells Fargo office at 550 California St for $US40.5 million, says you need a “cast-iron stomach” to buy in this market.

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    Original URL: https://www.afr.com/property/commercial/ultra-wealthy-are-betting-on-san-francisco-s-comeback-20240610-p5jkkx