Prado Group Takes Control of 23 Veritas Apartment Buildings as FiDi Google Office Sells at 60% Markup

Prado Group Assumes Control of 23 Rent-Controlled Veritas Properties via $362M Debt Resolution

SAN FRANCISCO, California — In one of the most transformative real estate transactions in recent San Francisco history, local investment firm Prado Group finalized agreements on Wednesday, November 11, 2026, to take ownership of 23 former Veritas Investments apartment buildings comprising roughly 721 residential units. Prado acquired the underlying $362 million defaulted debt portfolio from Rialto Capital, executing deeds in lieu of foreclosure across prime neighborhoods including the Mission, Nob Hill, and Russian Hill.

Prado Group executives assured municipal housing officials that existing rent-control protections will remain strictly enforced, pledging millions in immediate capital investments to upgrade building seismic systems, energy efficiency envelopes, and tenant amenities across the legacy portfolio.

Google-Leased Office at 40 Jessie Street Sells for $27.8M in Major Downtown Confidence Boost

Reflecting renewed institutional capital confidence in San Francisco’s commercial core, a boutique six-story office building at 40 Jessie Street in the Financial District sold for $27.8 million ($560 per square foot) to a joint venture of 1754 Properties and Vander Capital Partners. The 49,560-square-foot brick-and-timber property, fully leased to Google, fetched a remarkable 60 percent markup compared to its 2023 distressed acquisition price.

Commercial brokers noted that the premium valuation demonstrates robust investor appetite for stabilized, high-credit tech-anchored creative office assets amidst San Francisco’s ongoing post-pandemic commercial market recovery.

49ers Head Coach Kyle Shanahan Details High-Altitude Strategy Ahead of International Showcase

From the SAP Performance Facility in Santa Clara, San Francisco 49ers head coach Kyle Shanahan briefed national media on Wednesday regarding the team’s tactical and physiological conditioning protocols. As the 49ers prepare for an upcoming international showcase game in high-altitude conditions, Shanahan confirmed defensive anchor DeForest Buckner’s return to practice and lauded future Hall of Fame offensive tackle Trent Williams for sustaining dominant weekly performances.