BDO USA’s Bob Martinek and John Provenzano examine current commercial real estate valuations and reveal which sectors they believe still have room for growth.
The company has obtained commitments from four investment entities, including CBRE and TH Real Estate, to help finance its planned acquisition of the retail property owner.
The coworking space provider has signed a deal with Kennedy Wilson and Takenaka Corp. to fully occupy 430 California St., as well as the historic bank building next door.
While recent M&A activity has consolidated the players in the pharmacy space and created some unknowns, investors in the sector are still more surefooted than they’ve been in recent years, notes JLL Senior Vice President Peter Bauman.
After securing biopharmaceutical company Pfizer as an 800,000-square-foot anchor tenant at The Spiral, the developer reeled in financing from Blackstone Mortgage Trust for the construction of the 2.8 million-square-foot high-rise.
Image courtesy of Kennedy Wilson