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Cushman & Wakefield Arranges $74.1 Million Financing for Bank of Italy Office-to-Residential Conversion in Downtown San Jose

$CWKPress releaseMay 21, 2026, 2:46 PM ETRead the release

Cushman & Wakefield arranged $74.1 million in financing for the conversion of the historic Bank of Italy building in downtown San Jose into residential and retail space. The deal was provided by Deutsche Bank on behalf of the Silicon Valley Initiative Partnership, transforming the 13-story tower into 109 market-rate residential units and 126,000 square feet of commercial space.

Key figures

Revenue
10300000000
Employee count
53000
Square footage
126000
Financing amount
74100000
Residential units
109

AI analysis

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