San Francisco
Cornerstone Sells 187 KSF Former Twitter HQ in San Francisco to ASB
Cornerstone traded 795 Folsom St., a six-story Class A office building in the South of Market district, for $110 million to ASB Real Estate Investments.
New Multifamily Division to Focus on Developing Projects in Growing Tech Markets
By Alex Girda, Associate Editor As the main tech markets continue their emergence, driven by the growth of big names such as Google, Facebook and Apple and their development of new design-heavy facilities, as well as the growing interest in the San Francisco Peninsula, the market was bound to drive the residential pipeline to a […]
Jamestown Acquires San Francisco’s Famed Ghirardelli Square
Aiming to boost its appeal to locals as well as tourists, Jamestown has acquired the famed Ghirardelli Square retail complex at San Francisco’s Fisherman’s Wharf for a reported $56 million.
R&D Property Trades Hands in Santa Clara; Last Milpitas Mervyns Completes Portfolio
As commercial development in Silicon Valley runs rampant with huge new projects, existing properties also continue to drive investor interest, recent deals show. Foster Enterprises recently acquired an R&D building in Santa Clara, while Shapell Properties completed the acquisition of the last vacant Mervyns store in Milpitas for a fee of $12 million.
Eight-Building Campus in San Jose Acquired by TMG Partners-Fortress Investment Group Joint Venture
A massive office campus deal was recently arranged by a joint venture between San Francisco-based TMG Partners and Fortress Investment Group LLC. The JV has acquired the current San Jose home of network solutions company, Cisco. The eight-building office/R&D campus was previously owned by the company which has already agreed to lease back the space once the deal is closed.
Sprawling Office Development Plan Submitted for San Jose by Local Real Estate Gurus
San Jose, the largest city in the booming region of Silicon Valley is set to receive its most ambitious office project after local development team, Peery Arillaga, submitted plans for a massive development initiative. The large amount of appeal brought to the area by the booming tech market could back up the company’s new proposal. As Apple continues work on its spaceship-like HQ in Cupertino, and Google continues its shopping spree for both office space and housing in Mountain View, and other major Silicon Valley tech names such as Facebook and LinkedIn continue their respective expansions, Peery Arillaga seems to be making the right move.
Berkeley Closes $325M Refinance Loan for San Francisco’s Gateway
It’s a big property with a big financing deal. The Gateway, a 1,254-unit multi-family community spanning three blocks in San Francisco, has been refinanced to the tune of $325 million, courtesy of a loan closed by Berkeley Point Capital and Freddie Mac.
Netflix and Google Continue to Drive Silicon Valley with Plans for Expanded Facilities
Following its massive emergence as the number one film and TV show streaming service in the U.S., Netflix has had to expand in order to manage the growth. Now, according to The Silicon Valley Business Journal, the company has made a new move for space in Los Gatos, where it has leased a large chunk of space. The new Netflix space will be located in a yet-to-be-built campus in the Silicon Valley area.
Silicon Valley Residential Market Sees Activity From Investors and Developers Alike
As the area’s office sector is set to greatly benefit from the fact that Silicon Valley is currently regarded as the most tech-friendly real estate market in the entire country, investors are taking some time to focus on an impending housing rise. Therefore, transactions and new development projects should pour in over the following timeframe as the area looks to fulfill its obvious potential.
San Francisco Bay Area Submarkets Lead Nation in Terms of Tech Appeal, JLL Study Shows
Most of the coverage that the San Francisco Bay Area receives real estate-wise is tightly knit to the area’s office real estate market. And now, according to real estate company Jones Lang LaSalle, we have the main reason. The San Francisco Bay Area’s three markets: San Francisco, Silicon Valley and San Francisco Peninsula, in that order, have ranked first, second and third as the top three tech markets of the country as per JLL’s U.S. High-Technology Office Outlook for 2013.