Empty 250,000 SQFT eBay-Leased North San Jose Campus Defaults on $88.1MM Loan as Value Craters 59%

An affiliate of South Korea's Hana Asset Management and Southern California's Ocean West Capital Partners has defaulted on the $88.1 million Deutsche Bank loan secured by a four-building North San Jose office campus that has sat empty since eBay walked away in 2020, clearing a path toward foreclosure on one of Silicon Valley's most visible distressed assets.