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Ken Mattson’s Jury Trial and Bay Area Office Shifts | Real Estate News
Description
Ken Mattson, a Sonoma developer facing a jury trial starting April 12, is accused of running a multi-million-dollar Ponzi scheme that swindled hundreds. After initially pleading guilty to avoid trial, he reversed course days before finalizing the deal, prompting prosecutors to potentially add new charges within 90 days. Victims, some present in court, are furious, calling the process “bullshit” and still reeling financially. Mattson, out on bail, remained silent after the hearing. Meanwhile, the Bay Area’s office market is rebounding, with San Francisco leading the nation in vacancy rate drops thanks to the AI boom, and Silicon Valley’s rates falling from the low 20s to the mid-teens as companies like Fortinet snap up space.
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