SF Diligence, Closings Even More Aggressive Than Pre-Crash

San Francisco sellers are insisting on rapid due diligence and fast closings — sometimes even shorter and faster than they were before the market crash — amid a commercial real estate rebound unlike that of any other city in California and stronger than most across the country, lawyers say.

Lawyers have seen 10-day or shorter due diligence periods on commercial deals in San Francisco and down the peninsula and comparably short closing periods. Such rapid-fire periods are causing buyers to do much of the due diligence before the sale, and lawyers say they now have to help their buy-side clients make sense of deals without the trove of information buyers traditionally have had access to.

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