West
San Francisco’s 1155 Market St. Sold to Laurus Corp.
Laurus Corp. has just picked up a 140,000-square-foot office building in San Francisco’s Civic Center area, located at 1155 Market St., and featuring 11 floors of rentable space.
RiverOak Launches $300M Retail Fund
RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.
Sabal Financial Acquires $158M CRE Loan Portfolio
Through the FDIC’s Small Investor Program, Sabal Financial Group has acquired a $158 million portfolio of performing and non-performing commercial real estate loans from FirsTier Bank of Louisville, Colo.
Hudson Pacific Grabs Two Office Buildings in San Francisco’s Booming SoMa Submarket
Hudson Pacific Properties has acquired two office buildings — 625 Second St. and 275 Brannan St. — totaling 187,000 square feet in San Francisco’s SoMa district for an aggregate $90.1 million.
NorthMarq Completes Three Financing Deals For $35.5M
Over a period of two days following the Labor Day weekend, NorthMarq announced the completion of an aggregate $35.5 million in financing for three multi-family properties.
AREA Buys 422-Unit Affordable-Housing Portfolio for $59.6M
AREA Property Partners has snapped up 422 affordable housing units in various neighborhoods across San Francisco with the cash purchase of a 20-building portfolio for $59.6 million.
Charles Dunn Snaps Up $50M Pacific Financial Center in Downtown L.A.
In a process that attracted more than 15 bidders, the 17-story Pacific Financial Center was purchased by Walter J. Conn, chairman of Charles Dunn Company, for $50 million.
George Smith Partners Completes $34M in Refis Across Two Properties
Commercial real estate banking firm George Smith Partners has arranged more than $34 million in debt to refinance two retail centers — located in California and Nevada — at what the company calls “exceptionally attractive terms.”
In Depth: Two MF Industry Leaders Team Up, Purchase California’s RW Zukin
Industry veterans Robert Talbott and Scott Mencaccy recently joined forces and acquired the RW Zukin Corp., a real estate services firm that has been serving the multi-family industry in the greater San Francisco Bay Area for nearly 50 years.
Senior Housing Trust to Spend $478M for Nine Seniors Communities
Senior Housing Properties Trust has agreed to purchase nine large senior-living communities for $478 million, including $164 million of assumed mortgage debt, across six states.