Iconic Bank of Italy building is bought, signaling rising downtown San Jose interest

Dec 21, 2017 726

BY: GEORGE AVALOS

The Bank of Italy office building, deemed by experts to be downtown San Jose’s most iconic tower, has been bought by investors based in Menlo Park and Manhattan, according to public records that indicate WeWork has taken an ownership interest in the high rise.

Through several transactions in December and October, two investment groups that are working together paid $33.8 million for the historic 90-year-old office tower, along with an adjacent parking lot and a building that contains Lido’s nightclub.

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SOURCE: https://www.mercurynews.com

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