San Francisco
Joint Venture Holds Feng Shui Groundbreaking Ceremony for Sunset District Development
A new residential community is set to debut later this year in San Francisco after a joint venture recently held a groundbreaking for its new housing development located in the Lake Merced area. The joint venture, consisting of Maracor Development and Comstock Homes, is constructing a suburban-style residential project…
Continue reading →CIM Group Acquires Creative Office Building in Strong SoMa Submarket
330 Townsend is a creative office property with an occupancy rate of 98 percent, in keeping with the area’s high average rates. The building is also located in close proximity to the CalTrain San Francisco Station, as well as the currently under-construction Central Corridor transit line. Besides having zoning in…
Continue reading →New Wood Partners Transit-Oriented Community Breaks Ground in San Mateo
The Peninsula is set to see even more apartments hit the market in the future as developer Wood Partners recently broke ground on a new community in San Mateo. The company is reportedly investing a total of $43.7 million in its new apartment project, one that will be focused on…
Continue reading →115 Sansome Street Building Acquired by Harvest Properties, Set for Conversion to Creative Space
Harvest Properties will now carry out extensive renovations that will strip the building of its existing, more traditional tenant improvements. The company will then work with architecture firm Hooks ASD and contractor RN Field to highlight the building’s strong suites through new creative office space. The new owner is betting…
Continue reading →Walnut Creek Apartment Portfolio Trades Hands for $64.3 Million
A multifamily portfolio recently traded hands in the city of Walnut Creek after the completion of a deal made between seller JB Matheson and new owner Interstate Equities Corporation. Arranged by Marcus & Millichap’s multifamily brokerage division of Institutional Property Advisors, the deal includes three different apartment buildings located in…
Continue reading →Pleasant Hill Retail Property Trades Hands in $100 Million Deal as Retail Rates Make a Comeback
The Downtown Pleasant Hill retail center offers 345,687 square feet of commercial space in San Francisco’s Pleasant Hill community. The center is the area’s main commercial hub, featuring a 40-strong tenant roster that includes names such as Century Theaters, Lucky Supermarket, Bed Bath & Beyond, Michaels, Ross, Golfsmith, Paul Mitchell…
Continue reading →Over-Performing San Francisco Office Market Produces Yet Another Office Deal
San Francisco’s improving office market has produced yet another deal after a joint venture created by Hines and Invesco Real Estate moved to acquire an iconic construction located in the city’s South Financial District. The two real estate companies have completed a deal making their joint venture the new owner…
Continue reading →Former Solyndra Factory Given New Life as Seagate Unveils R&D Facility Plan
The old Solyndra site will be given a complete makeover as it morphs into a $180 million state-of-the-art R&D facility. Located on Kato Road, in Fremont, the 411,000-square foot complex was bought by Seagate earlier this year for a fee of $90 million, San Jose Mercury News writes. The rest…
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