San Francisco
Meridian Sells CA Office Building
The buyer, Phase 3 Real Estate Partners of South San Francisco and San Diego, paid $39.5 million for the multi-tenant asset.
JLL Spark Forms $100M Global Venture Fund
The new vehicle will focus on tech startups that help JLL investor and occupier clients or that invent new technology-enabled business models in the company’s traditional service areas.
Citizens Bank Provides $185M Loan for SF Office Tower
Phase 3 Real Estate utilized the funds to refinance Genesis South Tower, a 336,400-square-foot lab and office property located within a three-building life sciences development.
Transwestern Taps New NorCal SVP
Blake Peterson has more than 15 years of experience and will lead Transwestern’s office property management services for the region.
Swift Real Estate Grabs $110M San Francisco Tower
The subdivided condominium interest in the 219,700-square-foot building at 1390 Market St. last traded in 2007 in a deal valued at $42.7 million.
Facebook Signs Largest Office Lease in San Francisco
MetLife Investment Management, The John Buck Co. and Golub & Co. have signed the social media giant for all of Park Tower at Transbay, an upcoming 43-story Class A tower in the metro’s Financial District.
Grosvenor Appoints Next CEO
Steve O’Connell will succeed Andrew Bibby, who after 35 years with the firm, will retire on December 31. O’Connell previously served on the firm’s development team and as managing director of investment.
GSP Arranges Acquisition Loan for Silicon Valley Office Property
Working on behalf of Vahe Tashjian of Dutchints Development, the firm secured financing for 24 months at an 85 percent loan-to-purchase price.
KBS Signs 60 KSF Leases at CA Office Park
The landlord bolstered The Towers at Emeryville’s notable tenant roster with the addition of two law firms and a software company.
Kidder Mathews Appoints New VP
Brad Van Blois, who is joining the San Francisco office, adds nearly 20 years of local commercial real estate experience to the firm’s roster.