Uber says it’s exploring sale of former Sears building in Oakland – SFGate

Uber is planning to sell the former Sears building in downtown Oakland, which it bought two years ago for $123.5 million and where it once intended to place up to 3,000 employees, the company confirmed on Friday.

“As we look to strengthen our financial position so we can better serve riders and drivers for the long term, we’re exploring several options for Uptown Station, including a sale,” Uber wrote in a statement. “We remain committed to serving Oakland and our broader hometown Bay Area community.”

Source: Uber says it’s exploring sale of former Sears building in Oakland – SFGate

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Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he's published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.
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