Blackstone Faces Challenges in San Francisco as 211 Main Street’s Valuation Falls to $152MM

Blackstone Inc. (NYSE: BX) continues to face headwinds with its San Francisco office portfolio. The valuation of its 211 Main Street property, formerly Charles Schwab Corp.’s corporate headquarters, has been slashed nearly in half, according to recent CMBS data. Appraised at $152 million in October 2024, the 17-story, 417,266-square-foot property is now worth significantly less […]