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Trump's San Francisco Tower: A High-Stakes Real Estate Drama Unfolds

a row of victorian style houses in a city

Photo by Gabriel Tovar on Unsplash

San Francisco’s real estate landscape is about to get a wild makeover, and it involves a skyscraper with some seriously spicy Trump connections.

The Tower of Potential

Steven Roth, the CEO of Vornado Realty Trust, just dropped a bombshell during an investor call that’s got everyone’s ears perked up. The 52-story skyscraper at 555 California Street might be on the market - and it’s got more drama than a Silicon Valley startup pitch.

Currently co-owned by Trump (30%) and Vornado (70%), this architectural giant has been sitting pretty since 1969, once holding the title of San Francisco’s tallest structure. Bank of America used to call this place home, and now it hosts some of the Bay Area’s most prestigious tenants like Kirkland & Ellis and Goldman Sachs.

Money Moves and Market Pressures

With a massive $1.2 billion mortgage coming due next year, Vornado isn’t just casually window shopping. Roth’s blunt mission? “Increase our stock price”. Translation: everything’s for sale if the price is right. The real estate world is watching, and San Francisco’s market is giving major comeback vibes.

The Big Picture

In a market where office properties are struggling post-pandemic, this potential sale is more than just another real estate transaction. It’s a strategic chess move that could reshape downtown San Francisco’s landscape. And let’s be real - a property with Trump’s name attached is guaranteed to turn heads faster than a startup’s pivot strategy.

AUTHOR: cgp

SOURCE: SF Standard