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Oakland tower is bought for ultra-low $5.5 million price that shows feeble market

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The century old office building at 1440 Broadway in downtown Oakland, Calif. on Wednesday Aug. 18, 2010. Orton Development, which revived the Ford Motor factory in Richmond and is upgrading the old Flink Ink property in Berkeley, wants to restore this building, built by California's "Borax King" to the style of its elegant past. (Laura A. Oda/Staff)

A downtown Oakland office tower that is known as the East Bay city's "original highrise" has been bought for an ultra-low price.


Originally published at George Avalos
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