{"id":1004455576,"date":"2020-06-11T09:28:09","date_gmt":"2020-06-11T17:28:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004455576"},"modified":"2020-06-11T09:28:09","modified_gmt":"2020-06-11T17:28:09","slug":"divcowest-jv-lands-34m-for-san-francisco-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/divcowest-jv-lands-34m-for-san-francisco-project\/","title":{"rendered":"DivcoWest JV Lands $34M for San Francisco Project"},"content":{"rendered":"<div id=\"attachment_1004455579\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004455579\" data-attachment-id=\"1004455579\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/divcowest-jv-lands-34m-for-san-francisco-project\/250-california\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"250 California\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;250 California. &lt;i&gt;Image courtesy of JLL&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg?w=800\" class=\"wp-image-1004455579 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004455579\" class=\"wp-caption-text\">250 California. <i>Image courtesy of JLL<\/i><\/p><\/div>\n<p>A partnership between Dewey Land Co. and DivcoWest has obtained a $33.8 million construction loan for a 44,605-square-foot, speculative office project in Burlingame, Calif. The project is set to deliver in 2022.<\/p>\n<p>Located on a 0.3-acre parcel at 250 California Drive, the building will rise four stories and have ground floor retail space and a three-level underground parking deck. The transit-oriented property is close to the Burlingame Caltrain station, 4 miles from San Francisco International Airport and 17 miles from the city\u2019s center. Additionally, the site is close to Highway 101 and State Route 82 and roughly 2 miles from downtown San Mateo.<\/p>\n<p>JLL Managing Directors Chris Gandy and Jordan Angel assisted the joint venture in securing the mortgage for the Green Building LEED-proposed development.<\/p>\n<p>In May, DivcoWest <a href=\"https:\/\/www.commercialsearch.com\/news\/divcowest-lands-36m-refi-for-san-francisco-office-property\/\">received a $36 million refinancing package<\/a> for 180 Townsend, a 40,917-square-foot office building in San Francisco. The company will use the funds to renovate the adaptive reuse property, which was converted to office space in 2000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The four-story, 44,605-square-foot office building is slated for completion in 2022. <\/p>\n","protected":false},"author":867,"featured_media":1004455579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21742,21747,1609,15],"tags":[32841,32796],"class_list":["post-1004455576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-latest","category-office","category-san-francisco","category-west","tag-divcowest","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DivcoWest JV Lands $34M for San Francisco Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/divcowest-jv-lands-34m-for-san-francisco-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DivcoWest JV Lands $34M for San Francisco Project\" \/>\n<meta property=\"og:description\" content=\"The four-story, 44,605-square-foot office building is slated for completion in 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/divcowest-jv-lands-34m-for-san-francisco-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-11T17:28:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/250-California.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/divcowest-jv-lands-34m-for-san-francisco-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/divcowest-jv-lands-34m-for-san-francisco-project\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"DivcoWest JV Lands $34M for San Francisco Project\",\"datePublished\":\"2020-06-11T17:28:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/divcowest-jv-lands-34m-for-san-francisco-project\\\/\"},\"wordCount\":174,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/divcowest-jv-lands-34m-for-san-francisco-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/06\\\/250-California.jpg\",\"keywords\":[\"DivcoWest\",\"JLL\"],\"articleSection\":[\"Development\",\"Finance\",\"News\",\"Office\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/divcowest-jv-lands-34m-for-san-francisco-project\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/divcowest-jv-lands-34m-for-san-francisco-project\\\/\",\"name\":\"DivcoWest JV Lands $34M for San Francisco Project - 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