Business Editor

Kevin Truong

Developers purchased 350 California St. in a transaction that could mean a reboot in building prices.

The claims against Li Zhang mark the latest fallout in a scandal that caused political earthquakes in San Francisco.

The layoff of 560 workers represent the second major headcount reduction at the company since November.

A market correction has led to a larger number of price reductions and opportunities for buyers jaded by the hyper-competitive market. 

A buyer has been selected for 350 California St., an office tower viewed as a bellwether for San Francisco’s commercial real estate market. 
