San Francisco
Rents Moderate in the Bay Area
Just one year after double-digit increases had bumped the average to $2,480—among the highest in the country—the rate decreased by 0.5 percent year-over-year through May.
LBG, Aviva Nab Mammoth CA Shopping Mall
The JV aims to implement an entirely new merchandising strategy for the asset as well as extensive rebranding and redevelopment. The property sits on nearly 77 acres of land and offers views of the San Francisco Bay.
Pioneer Building in San Francisco Changes Hands
American Realty Advisors acquired the 37,000-square-foot office building from Bridgeton Holdings. At the time of sale, the asset was fully leased to Musk Industries.
C&W Arranges $72M NorCal Retail Sales
Argonaut Investments, Hastings Ranch Shopping Center and Victory Village 2004 snagged three shopping centers in Rohnert Park, Fresno and Pinole.
BAMO Helms Historic Galleria Park Hotel Makeover
The redesign of the Joie de Vivre in San Francisco draws inspiration from the Art Deco bones of the 1911 building and comes on the heels of a $4 million makeover completed in 2013.
Streetplus to Manage 3 San Fran Benefit Districts
All three downtown Community Benefit Districts were previously managed by MJM management Group, which will serve as a local advisor to Streetplus over the next two years.
Adobe Unveils UT, CA Expansion
The tech giant aims to add 5,000 employees and develop a fourth tower in San Jose, a second building in Lehi and lease two additional buildings in San Francisco.
Transwestern Brokers Leases at Walnut Creek’s Lyric
Bank of the West and Drybar have inked leases for a combined 4,500 square feet at a mixed-use development managed by Berkshire Communities, which is slated for completion by fall.
Faris Lee Closes Stockton Retail Deal
West Hammer sold the 15,314-square-foot multi-tenant retail strip center for $7.1 million. The 1031 exchange buyer was attracted to the asset’s location and the triple-net lease structure.
Columbia, Allianz Form $1.3B Partnership
Each company is contributing one or more unencumbered assets to the JV. Besides New York City and San Francisco, the firms are eyeing Boston and Washington.