San Francisco
50 Beale Street Trades Hands as Rockefeller JV Acquires Office Tower
By Alex Girda, Associate Editor The Rockefeller Group recently announced the acquisition of a class A office property in San Francisco’s South Financial District. A joint venture that the company created with Mitsubishi Estate New York has closed a deal securing the 50 Beale Street tower as the third acquisition the partnership has completed since […]
Hines Global REIT Acquires Gap’s San Francisco Headquarters for $180 Million
By Alex Girda, Associate Editor International real estate giant Hines recently announced the purchase of one of the city’s best known office properties. The company’s subsidiary, Hines Global REIT, has completed the acquisition of 550 Terry Francois, the building that is currently fully under contract with Gap Inc. The real estate investment trust paid $180 […]
Treat Towers in Walnut Creek Trade Hands
By Alex Girda, Associate Editor MetLife recently acquired Treat Towers in one of the largest office deals in the East Bay this year, trading for around $120 million. The property was bought from Chicago-based Equity Office Properties Trust, who co-owned the Treat Towers with a TIAA-CREF retirement fund. The twin 10-story office buildings offer around […]
Alta Bates Summit Medical Center’s New Parking Structure Unveiled
By Alex Girda, Associate Editor The Alta Bates Summit Medical Center in Oakland has an ongoing expansion project that is apparently starting to get serious attention as one of the early phases of development was recently opened to the public. The Summit Campus’ new parking structure was opened recently and is a reminder of the […]
Fortinet Acquires Facility Potentially Groomed for New HQ
By Alex Girda, Associate Editor A company dealing with national and international network security is set to expand after a recent property purchase in Sunnyvale. Fortinet Inc. is the new owner of 164,099 square feet of space at 895 Kifer Rd. on a 10-acre lot. The California-based tech company acquired the facility for a total […]
Green Energy Researchers Look to LEED Gold Building to Serve As New Facility
By Alex Girda, Associate Editor The Energy Biosciences Institute has announced that it’s moving into its new home—five years into its initiative to come up with energy alternatives. The building at 2151 Berkeley Way building will be shared with researchers from the University of California’s Department of Bioengineering, and approximately 300 researchers will be moving […]
Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise
By Alex Girda, Associate Editor It’s all about one-bite appetizers and shot-size cocktails these days, and now it looks like less is more in the living department as well. 300-square-foot apartments offer a frugal living space, but student housing developer Patrick Kennedy seems confident that those who crave city life above everything else will embrace […]
Brookfield Puts 333 Bush Up for Sale; USPS Markets 8 Assets
By Alex Girda, Associate Editor A second tech boom is ratcheting up demand for office space in the San Francisco Bay Area .This has prompted a number of owners to buy or unload assets, among them Brookfield Asset Management, the global alternative asset manager that manages a $150 billion portfolio. Brookfield is hoping to ride the wave to a big payday […]
California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino
By Alex Girda, Associate Editor Apple’s plans to build a cutting-edge headquarters in Cupertino have been placed on the fast track by Gov. Jerry Brown. The state’s decision will help ensure that Apple will make its announced 2015 deadline for completing the project. Sustainable features anchored the argument for shepherding the project through the California’s rigorous environmental review. Brown commented […]
Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets
By Alex Girda, Associate Editor Stockbridge Capital Group recently announced the final closing of a $220 million fund that will target a wide range of value-added investments including industrial, office, retail and multi-family properties in major domestic markets. Established in 2011, Stockbridge Value Fund I will focus on distressed and undervalued properties. The entity will […]