FINANCE: IT IS PART OF BROAD RESTRUCTURING PLAN; CHANGES TO LOANS PUSHED

Renovate to Cut 100 Workers Following Leadership Changes

By Sarah de Crescenzo

Originally published November 2, 2017 at midnight, updated November 2, 2017 at midnight

Renovate America earlier this year signed a seven-year lease to consolidate its employees in a 160,000 square foot space at the Rancho Vista Corporate Center in Rancho Bernardo. San Francisco-based Swift Real Estate Partners had acquired the space from HP Inc. for $69 million and spent about $12 million to renovate the space. The building owner also said it planned to invest $6.6 million to construct an adjacent 10,000-square-foot building and make other exterior improvements for Renovate America. Photo courtesy of CBRE

Renovate America earlier this year signed a seven-year lease to consolidate its employees in a 160,000 square foot space at the Rancho Vista Corporate Center in Rancho Bernardo. San Francisco-based Swift Real Estate Partners had acquired the space from HP Inc. for $69 million and spent about $12 million to renovate the space. The building owner also said it planned to invest $6.6 million to construct an adjacent 10,000-square-foot building and make other exterior improvements for Renovate America. Photo courtesy of CBRE

San Diego — San Diego-based home improvements financing provider Renovate America said Oct...

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