San Francisco
Deliveries to Test Thriving San Francisco Market
San Francisco’s office market continues to be bolstered by major companies willing to pay a premium to be in the country’s largest tech-driven metro, counteracting smaller players’ shift to less expensive areas.
Terreno Realty Lands $36M Industrial Asset
The East Bay property, roughly 82 percent leased to seven tenants, includes more than 200,000 square feet of distribution and 16,000 of office space across four buildings.
Lincoln Property JV Snags Historic SF Office Property
The firm purchased 332 Pine St. in a partnership with Rockwood Capital. The nine-story property comprises 51,522 square feet and last traded in 2014 for $22.2 million.
KKR Acquires Office Development in Oakland, CA
TMG reportedly sold the 320,000-square-foot downtown building at 1330 Broadway for more than $173 million, and will continue to provide onsite property and asset management on behalf of the new owner.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.
MetLife Provides $450M for SF Bay Area Retail Asset
Borrowers The Macerich Co. and Northwestern Mutual utilized the 960,000-square-foot Broadway Plaza in Walnut Creek as collateral for the 12-year fixed-rate loan.
Fairborne Properties Buys The Streets of Brentwood
NKF Capital Markets represented both parties in the sale of a 359,000-square-foot grocery- and theater-anchored retail center in the San Francisco Bay Area.
Prop C’s Impact on San Francisco Rents
Jamie Mahoney of Transwestern discusses the potential effects of the newly adopted Proposition C on the city’s office market, following the June elections. While many fear rent hikes, there are other factors to be considered.
The Monarch Bay Shoreline Development: 10 Years in the Making
A 52-acre area around San Leandro Marina has been redesigned into a modern mixed-use project estimated at $255 million. The development and design teams discuss the evolution of the Monarch Bay Shoreline Development.
EverWest, Partners Group Acquire $110M CA Office Campus
Burlingame Bay Office Park comprises two Class A buildings totaling 260,000 square feet. NKF Capital Markets arranged $81.5 million in financing for the purchase and repositioning of the asset.