Just read on a local news website that the 800 bldg downtown STL will be going up for auction next month (June). With all the RTO mandates it will be interesting to see if the bank will purchase the building not knowing whomever buys that building has different plans with that property that could potentially displace BOA altogether in that building. I hope not because I will WFH if that happens and not relocate to another location which I currently commute 2hrs already RT.
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NationsBank bought Boatman's in 1996.
BofA got out of the owning of its bldgs decades ago, except for a few legacy properties.
Most are leased and simply have BofA's name on the signage for a minority stake or annual lease.
They don't own Bryant Park in NYC (minority partners) and most of the other hubs.
If they see an opp to sell any of the legacy properties, they rather have the cash.
Is this the old Boatman's Bank bldg ? BofA acquired Boatmans in 90's or 00's.
No way will BoA buy that building or maybe any building. They know that commercial real estate is about to really hit the fan in the next two years