Few organizations own their own office space, most lease. So it’s not so much “they”, the CEOs, but “they”, the venture capitalists. These investors have a stake not only in the organization, but separately have investments in commercial office real estate that they stand to lose money on if those leases aren’t renewed.
In principle, municipalities could gain control of the assets.
Little doubt, if a course were followed, the previous owners would be compensated at outrageously inflated prices, defended as rescuing the investors, but nevertheless, control by the public, in the sense of genuine control by the public rather than control by corporations pretending to be concerned for the public, could open pathways for many opportunities toward social interests.