Sequoia seems to have bought the property speculating on rising RE prices, but they have only done maintenance when forced. It sounds like there have been two recent actions:
- The city said fix it or else
- Sequoia called the city's bluff and pulled the permits.
If neither budges, we could lose another building. If a white knight steps forward, and is willing to give Sequoia enough profit, a sale could get made, and we might get a rehabbed CPA Building.