Ultra-wealthy are betting on San Francisco’s comeback
Karen Breslau and John Gittelsohn
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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Bloomberg
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