Academy of Art Moves to Foreclose on Tony Garnicki Affiliate Over $3.6MM Seller Loan at 2300 Stockton in San Francisco

Four months after Academy of Art University sold its former office building at 2300 Stockton Street to an affiliate of investor Tony Garnicki, the school has moved toward foreclosure on the property, recording a notice of default on a $3.6 million seller-financed note the buyer failed to repay within its 90-day term.