Oakland Office Market Hit as Kaiser Permanente Cuts 1 Kaiser Plaza Footprint

Kaiser Permanente’s decision to downsize its presence at its national headquarters in Oakland’s Ordway Building is casting uncertainty over the property’s financial future. According to recent loan servicer data, this strategic move could trigger “imminent default” on the $97.1 million loan tied to the property. The healthcare giant currently occupies 68 percent of 1 Kaiser […]