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Pinterest Inks 490 KSF Lease in San Francisco
The popular website will be the anchor tenant at Alexandria Real Estate Equities’ 88 Bluxome St., in the SoMa neighborhood.
New York Life REI Originates $94M for Bay Area Office Asset
The 20-year mortgage will be used to finance the redevelopment of Westlake Realty Group’s nine-story, 118,000-square-foot headquarters in San Mateo.
DAD Acquires San Diego Hotel for $86M
The purchase of the 353-key Marriott Mission Valley marks the company’s first California foray. The owner also plans to develop a second property on the same site.
Uptick in M&A Activity Boosts Capital Flow to US
The CBRE study found that inbound capital rose 79 percent over the previous year, with the retail sector taking up the lion’s share.
London Hotel Portfolio Changes Hands for $1.3B
Queensgate Investments acquired the four upscale properties from Grange Hotels and has an agreement with Fattal Hotel Group, which will reposition and run the properties.
Georgetown University Buys Downtown DC Office Asset
In a nimble change of strategy, Office Properties Income Trust sold 500 First St. for $70 million rather than proceeding with a planned renovation of the soon-to-be-vacant building.
OC Shopping Center Lands $101M in Financing
George Smith Partners facilitated the non-recourse bridge debt for DJM Capital Partners, with the package replacing existing senior and mezzanine loans.
Google Has Big Plans for NYC
The tech giant plans to double its footprint in Manhattan over the next decade—but it also hasn’t ruled out expanding to the outer boroughs.
Full Speed Ahead for Amazon HQ2 in Northern Virginia
JBG SMITH’s development in Arlington has reached a major milestone by receiving approval of all government incentives and investment packages negotiated for the project.
BioMed Realty Buys $135M Bay Area Office Property
The company purchased the 250,000-square-foot Emeryville Center for Innovation in a sale-leaseback transaction. The deal also includes adjacent developable land parcels.