Reported Oct 30, 2026 · Source: The Mercury News
South Bay Development Co. paid $50 million for BioSquare Silicon Valley, a San Jose office campus, through a foreclosure proceeding. Documents were filed on Oct. 29 in Santa Clara County. The Los Gatos-based firm foreclosed on the property’s failed loan. Source: The Mercury News.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at The Mercury News. What the article says:
SAN JOSE — BioSquare Silicon Valley, a San Jose office campus touted as a hub for up-and-coming tech and biotech companies, was officially seized by a Los Gatos-based real estate firm that foreclosed on the property’s failed loan.
BioSquare Silicon Valley was designed to be flexible enough to accommodate companies that need small spaces to conduct cutting-edge research, along with spaces to handle larger ones.
South Bay Development Co. paid $50 million for the campus as a result of the foreclosure proceeding, documents filed on Oct. 29 in Santa Clara County show.
The tech park is now owned by South Bay Development Co., which initially attempted a speedy property transfer but eventually had to take control of the campus through a full-fledged foreclosure.
Article date: 2026-10-30T18:59:05+00:00
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