The landlord overseeing three Bitwise Industries outposts in Fresno, including the tech firm’s South Stadium flagship, posted notices of abandonment on Friday.
The company ceased operations after announcing a companywide furlough on Memorial Day.
Driving the news: Notices placed on the company’s South Stadium, Hive, and 41 buildings indicated that Bitwise Industries had not paid rent on the locales in more than 62 days.
- The notices of belief of abandonment are the first step in the process of formally evicting Bitwise Industries from its properties.
- Baltara is led by Will Dyck, a longtime business partner of Bitwise Industries.
The backstory: Dyck’s relationship with the firm, however, has grown complicated amid a lawsuit over the sale of a building on R Street, to be dubbed Bitwise State Center.
- The tech firm ultimately purchased the building for $21 million from a consortium led by Dyck, but not before refusing to pay $150,000 in monthly rent, taxes, utilities, and other fees, required in its lease.