San Francisco
Sonnenblick-Eichner Arranges $110M Refi for SF InterContinental
The loan for the upscale 550-key downtown hotel was funded by a Wall Street investment bank. The first mortgage could be part of a trend toward more refinancings in 2018.
Working Around the Tax Bill, Other 2018 Hacks
Financial and business advisor Ray Sturm penciled out the real estate environment for 2018, in light of the revised tax legislation, budget cuts and challenges in affordable housing development.
Meridian Taps New VP
Responsible for the company’s growing property management portfolio across Northern California, Linda Shoemaker-Haskins will also oversee capital and tenant improvements.
CenterPoint Increases Bay Area Footprint
The company’s latest acquisition, a nearly 200,000-square-foot rail-served industrial property, sits near the entrance to the San Mateo-Hayward Bridge, enabling convenient access throughout the Bay Area.
AEI Guides LBG on San Fran-Area Mall Revamp
The consulting firm provided LBG Real Estate with assessments of The Hilltop Mall in Richmond, Calif., before the company’s purchase of the 1.1 million-square-foot property, and is staying on to help guide the shopping center’s redevelopment.
CIM Group Acquires Uber’s Uptown Station in Oakland, CA
The buyer will continue redeveloping the former department store into a 356,000-square-foot Class A creative office and retail property, with the building expected to open by the end of 2018.
NBC Sports Bay Area Renews San Francisco Lease
The company will continue to occupy 44,000 square feet at Kilroy Realty’s 360 Third St. property, located in the city’s South of Market district.
JLL Report: Most Expensive Streets 2017
Office tenants—particularly those in the financial, legal and technology industries—remain willing to dole out the big bucks for premier space on the most coveted boulevards across the country.
Children’s Hospital Expansion Set to Open in Palo Alto
Stanford Children’s Health’s pediatric hospital campus will more than double its size by adding nearly 150 beds in its latest sustainably designed building.
Okta Signs Corporate HQ Lease in San Francisco
Kilroy Realty Corp. will welcome the company to 100 First St., the tech firm filling an upcoming vacancy in the 500,000-square-foot office tower. Okta will set up shop in phases, commencing in the second quarter of 2018.