Oakland’s 1 Kaiser Plaza Appraisal Craters 75% to $53.5MM as Kaiser Permanente Retreats

A fresh appraisal has slashed the value of CIM Group's 1 Kaiser Plaza in downtown Oakland to $53.5 million, roughly a quarter of its 2016 issuance value, after anchor tenant Kaiser Permanente pared back its footprint and drove the building's cash flow to breakeven. One of downtown Oakland's signature office towers has lost three-quarters of […]