Partner Robb Adkins comments on BakerHostetler’s lease renewal in the Transamerica Pyramid office tower in San Francisco in a Wall Street Journal article titled “Office-Loan Defaults Near Historic Levels with Billions on the Line.” Published April 30, 2024, the article describes the spate of loan defaults and foreclosures threatening office buildings, troubled by high interest rates and weak demand. Building owners are luring tenants back with attractive deals and more amenities.