San Francisco
NorthMarq Arranges $157M Loan for Bay Area Office Project
Borrowers Bohannon Development Co. and Alexandria Real Estate Equities will use the financing to develop the 521,000-square-foot Phase II of Menlo Gateway, which will be occupied by Facebook.
Historic San Francisco Hotel Changes Management
Sonesta International will operate the 372-key luxury property. The asset, placed in the heart of the Tenderloin neighborhood, opened in 1915.
Sunhill Corp. Lands 2 San Francisco Assets
The two adjacent buildings, totaling nearly 28,000 square feet, traded for more than $13 million and sit in the city’s SoMa district.
Conor Commercial Breaks Ground on Bay Area Project
The developer expects the nearly 815,000-square-foot industrial property to be complete in the second quarter of 2019. CBRE is marketing the space for lease.
CPE’s Top 5 April Posts
Miss out on any CPE stories? Here are five of our most popular articles for the month.
Brick and Timber Acquires San Francisco Office Property
NKF Capital Markets arranged financing through PCCP on behalf of the buyer, and represented the seller, Triton International.
Top 10 Green Office Buildings in the Bay Area
As property owners strive to implement sustainable practices across their portfolios, Yardi Matrix compiled a list of the largest LEED-certified assets in the Bay Area.
San Francisco Office Asset Trades for $115M
RREEF Property Trust sold the 383,000-square-foot DC Station in Daly City. The LEED Silver-certified property is anchored by Genesys, a leader in omnichannel customer experience and contact center solutions.
Ashford Prime Repositions as Braemar Hotels & Resorts
Ashford Hospitality Prime will now be known as Braemar Hotels & Resorts, emphasizing its new focus on luxury hotel and resort properties.
The Mele Group Brokers Sale of CA Facility
Marcus & Millichap’s self-storage group arranged the sale of a 515-unit facility located in Fairfield, Calif. The group represented the seller and also secured the buyer in the transaction.