🏢 SF Landlord Faces Eviction

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Excited to have you join us: We’re Chris & Nolan (@chrisnolansf), and welcome to SF Whisper - a newsletter covering the most interesting business and local news of San Francisco.

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Prominent S.F. Landlord Faces Eviction from Financial District Office

Mosser Capital's Legal Battle

Mosser Capital, a major residential landlord in San Francisco, faces eviction from its Financial District office space in the Mills Building due to $181,034 in unpaid rent. The Swig Co., owner of the property, filed a lawsuit seeking the overdue rent and additional daily damages. Mosser, impacted by remote work trends, plans to vacate the office by the week's end and is negotiating lease terms with Swig.

Financial Complications

The eviction lawsuit adds to Mosser's financial woes, including delinquent loans tied to several apartment buildings in San Francisco. The company, which has experienced real estate distress due to the pandemic, continues to manage its properties and seek new investors to stabilize its financial standing.

Tech Companies Eyeing GitLab and DocuSign for Buyouts

Potential M&A Targets

With high interest rates, tech firms may soon be on a shopping spree to boost growth. GitLab and DocuSign are seen as prime buyout candidates due to their reasonable stock prices and complementary business models. Analysts and investors identify these enterprise tech firms as attractive acquisitions for bigger tech companies or private equity.

Market Dynamics and Interest

The shift in mergers and acquisitions attitudes is evident with recent deals like SAP buying WalkMe and Bain Capital taking PowerSchool private. GitLab, with its strong developer tools, and DocuSign, expanding beyond e-signatures, present valuable opportunities for tech giants like Google Cloud, Oracle, and Salesforce.

Catch up on the latest:

• This coastal community went from affordable to… not (Link)

• CA fires continue to rage; progress in battling Point Fire (Link)

Today’s whisper:

^{July 4th is just around the corner! Fisherman’s Wharf is home to SF’s spectacular annual fireworks show.}

^{Get a good spot at Pier 39, Ghirardelli Square, the Cannery, or anywhere nearby for a show starting at 9:30pm.}

^{Some Pier 39 boat companies offer fireworks viewing from the water.}