Twitter's landlord, Shorenstein, properties and JP Morgan sued for $3 million in rent arrears. The company is struggling to refinance a $400 million loan on the property. San Francisco downtown right now is seeing its highest ever vacancy numbers.
Twitter has stopped paying its rent, auctioned off furniture and let go half of its employees. None of that is helping Shorenstein and JPMorgan refinance a $400 million loan on the company’s San Francisco headquarters. Deconstruct chats with TRD reporter Emily Landes about Twitter's fights at the building and how it's emblematic of the larger impact of tech's shakeup on the San Francisco Office Market.