San Francisco
Berkeley Center Trades Hands as Downtown May See Development Increase
The complex is made up of a number of buildings located in an area bordered by Shattuck Avenue, Aliston Way and Harold Way, the San Francisco Business Times reports. The former owner is Marin County businessman Roy Nee, who held the property through a private family trust.
Santa Teresa Village Shopping Center Acquired by Maryland-based REIT
Cassidy Turley, along with Kidder Matthews representatives, arranged the transaction on the buyer’s behalf, while the seller was advised by Prime Commercial. The per-square-foot rate that Retail Opportunity Corp. paid for the complex is approximately $250. The Maryland REIT’s offer immediately convinced Barry Swenson Builder executives to finalize the sale.
Emeryville Public Market Trades Hands, Set for Massive Expansion
The Emeryville Public Market is the latest major San Francisco Bay Area property to trade hands, after former owners TMG Partners and Rockwood Capital announced the sale of the mixed-use asset. The buyer is a partnership between Angelo Gordon and City Center Realty Partners. Financial terms for the acquisition deal were not disclosed, but the investors reportedly paid around $60 to $70 million for the development, according to industry specialists. Holiday Fenoglio Fowler represented the seller in the deal.
Last Hotel in Larkspur-Farallon Capital Portfolio Trades Hands in San Francisco
By Alex Girda, Associate Editor San Francisco’s hot hospitality market continues to heat up, as another hotel transaction joins an already packed roster of deals. It was recently reported that the last remaining property in the Larkspur portfolio was traded to a group of Canadian investors for a total of approximately $16.6 million. The Larkspur […]
City of San Francisco to Complete 100K-square-foot Lease Agreement with Laurus
By Alex Girda, Associate Editor The Laurus Coporation is cashing in on one of its earlier San Francisco Bay Area investments. The company has recently announced it is negotiating a leasing agreement for a large chunk of space at its 1155 Market St. property. The L.A.-based investment company is currently holding talks with the City […]
Pebblebrook Hotel Trust Continues Bay Area Expansion with Hotel Palomar
By Alex Girda, Associate Editor At a time when San Francisco hotels are catching everyone’s fancy and room rates are going strong, it is to be expected that a number of hospitality transactions are being thrown around in the excitement. A case in point would be the recent acquisition of the Hotel Palomar San Francisco by […]
Warriors Arena Gets Development Team as Architect Unveils New Design
By Alex Girda, Associate Editor A new hurdle was recently cleared in the process of delivering a new sports arena to the city of San Francisco, as the project finally has a construction deal. The San Francisco Business Times reports that companies Hunt Construction Group and Webcor have been awarded the coveted contract. The developing […]
Sunnyvale Set to Steal Tenants from Neighboring Submarkets; Legacy Pounces on Development Opportunity
By Alex Girda, Associate Editor The improving office market in Silicon Valley is making its effects known, as landlords and developers scramble to get as much space as possible while the spike lasts. Yet while the area is set to continue to generate interest due to the presence of giants such as Facebook and Google, […]
Virtú Investments Picks Up SoMa Luxury Apartment Complex
By Alex Girda, Associate Editor Virtú Investments, a locally based real estate investment management firm, recently announced the purchase of a small apartment community in San Francisco’s SoMa neighborhood. The Station House Apartment Community is part of Mint Plaza, a mixed-use promenade area located in one of the most coveted spots of the city. Virtú […]
Massive Office Development Could Spur Palo Alto Downtown Re-branding Frenzy
By Alex Girda, Associate Editor The City of Palo Alto is set to see a massive office development take shape in one of its prime downtown areas. Local authorities have teamed up with philanthropist John Arillaga in order to get a four-tower office complex at 27 University Avenue that, if done right, could also result […]