Ultra Wealthy Are Putting Money Behind Bets on San Francisco’s Comeback
- Recovery gains steam in city dogged by doom-loop narrative
- Anchor Brewing’s billionaire savior sees ‘magic of rebirth’
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Goodwin Gaw is convinced people must think he’s “an idiot” after he bought a foreclosed San Francisco office complex formerly owned by Blackstone Inc. for $82 million.
Roger Fields, who recently acquired a former Wells Fargo & Co. office at 550 California St. for $40.5 million, says you need a “cast-iron stomach” to buy in this market.