Regions West | San Francisco
Thompson_Linwood The Expert: San Francisco Tops Apartment Market Again
San Francisco claimed the top spot of Marcus & Millichap Research Services’ National Apartment Index for the second consecutive year. While the metropolitan area’s large concentration of professional and financial firms is expected to result in job cuts, it ranked close to the top in almost all of the other measurements used in the index.
San Fran Medical Office Project Gets Underway
Construction has begun on a new 48,000-square-foot medical office building in San Francisco.
San Fran Approves $2B Housing, Stadium Plan
The San Francisco Board of Supervisors has approved a resolution endorsing the funding plan for the redevelopment of Candlestick Point and Hunters Point Shipyard, which will entail the construction of 10,500 new homes, retail, office, open space and a new stadium for the city's 49ers football team.
Boston Properties Closes $375M Financing of Four Embarcadero Center
Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by a syndicate of life insurance companies and bears interest at a fixed rate of 6.10 percent annum.
Turnberry Group 24 Joins Turnberry in $300M San Fran Condo High-Rise
Group 24 L.L.C. has become a 50 percent partner with Turnberry Ltd. in the latter’s Turnberry Tower, a $300 million, 40-story luxury residential condo (pictured) in San Francisco’s Rincon Hill district. The project is Turnberry's first venture in California, and this is also the first collaboration between the two companies.s.
Henderson Global Grabs Two San Fran Bay Area Assets
The San Francisco Bay market proves fruitful territory for acquisitions for Henderson Global as the Chicago-based independent investment manager picks up an office property and a multi-family community in a joint venture with Glenborough L.L.C.
Swig Completes Recapitalization of One Beach Street in San Francisco
The Swig Co. has announced it has completed its planned recapitalization of One Beach Street, a 97,000-square-foot office building acquired by the company earlier this year. The asset is situated in the North Waterfront submarket of San Francisco.
Brandywine Completes $412.5M Oakland Portfolio Sale
Brandywine Realty Trust has closed on the previously announced five-office-property portfolio sale totaling approximately 1.7 million rentable square feet in Oakland, for an aggregate sales price of $412.5 million.
torrey pines HCP Completes Integration of $3B Slough Portfolio
About six weeks after concluding its offering of 14.95 million shares of common stock, Long Beach-headquartered HCP Inc. has completed the integration of its $3 billion acquisition of Slough Estates USA Inc. that closed in August 2007. The Slough portfolio is primarily located in San Diego and San Francisco, two of the three largest life science clusters in the country.
AvalonBay Nets Its Largest Bond Financing for San Fran Mixed-Use
AvalonBay Communities Inc. has received $135 million in financing--the multi-family REIT's largest bond financing ever closed--to fund construction of Avalon Walnut Creek at Contra Centre, a $400 million mixed-use, transit-oriented development next to the San Francisco Bay Area Rapid Transit’s Pleasant Hill Bay station.
transbay Hines Proposes $235M for Transbay Tower Parcel in San Francisco
Real estate firm Hines and equity partner MetLife Real Estate Investments have settled on terms with the Transbay Joint Powers Authority for an Exclusive Negotiations Agreement for Transbay Tower, a 1.6 million-square-foot office high-rise Hines plans to develop in San Francisco.
555 mission Construction of 670,000 SF San Francisco Office Building Wraps Up
Just under two years after its groundbreaking, the office building at 555 Mission St. in the burgeoning Mission Street Corridor of San Francisco's South Financial District has reached completion.
Silicon Valley M-F High-Rise Gets Fannie Mae Financing
Vendome Place, an upscale apartment community in San Jose, Calif., has been refinanced to the tune of $12.4 million.
Emeryville Marketplace Redevelopment Project Gets Platinum LEED
TMG Partners has received the first national Platinum Certification under the LEED pilot program just completed by the United States Green Building Council (USGBC).
Under-Priced $74M Condo Project Debuts in Swanky Suburban San Fran Town
Silverstone Communities has completed the development of Park Broadway, a 96-residence condominium property located 15 miles south of San Francisco in Millbrae, part of California's upscale San Mateo County.
San Fran Boutique Hotel Gets $45M Refi
A refinancing deal valued at $45 million has closed for the 201-room Hotel Monaco San Francisco.
2.7M San Fran Biotech Project to Welcome Pfizer to 100,000-SF Space
The Alexandria Center for Science and Technology at Mission Bay, a behemoth 2.7 million-square-foot life science cluster being developed by Alexandria Real Estate Equities Inc. in San Francisco, will become home to a division of Pfizer now that the pharmaceutical company has pre-leased 100,000 square feet at the property.
Mixed-Use Project Housing Fireman’s Fund Aims for Carbon Neutrality in 10 Years
American Assets Inc. has revealed plans for The Commons at Mount Burdell, a green mixed-use project on a 65-acre site in Novato, Calif., about 30 miles north of San Francisco. According to the San Diego-based real estate company's calculations, the 1.5 million-square-foot development and redevelopment endeavor will be able to achieve carbon neutrality within a 10-year period. The Commons will evolve on the site of a Class A office complex on San Marin Drive. Home to the headquarters of the Fireman's Fund Insurance Co., American Assets acquired the property last year and will incorporate the existing buildings into the project. Ultimately, The Commons will encompass 800,000 square feet of new development that will include a premier hotel, retail space, meeting venues, a fitness facility and daycare accommodations. Additionally, 710,000 square feet of existing space will undergo renovation.
parcels HFF Arranges $56M Funding for $80M SFO Logistics Center Buy, Development
Centrum Properties Inc. and Angelo, Gordon & Co. have secured $56.3 million in financing to acquire and reposition the SFO Logistics Center, a 572,000-square-foot warehouse-distribution center and adjacent 5.2-acre land parcel in south San Francisco that had been owned by the federal government for decades. An HFF executive who arranged the financing told CPN today the entire deal is worth $80 million.
Sports Network to Relocate HQ to 32,000-SF Digs
With the signing of a lease for 32,000 square feet in the 450,000-square-foot office building at 370 3rd Street in San Francisco, Comcast SportsNet Bay Area will forsake its current Union Square locale for larger digs in the South of Market district.
Studley Report Says Sublease Space Floods San Fran Office Market
A total of 700,000 square feet of sublease space flooded the San Francisco office market over the last three months, pushing the overall availability rate to 14.8 percent, an increase of 1.6 percentage points as compared to the first quarter of 2008.
Colliers International Introduces Urban Landlord Partners
Colliers International announces the formation of the Urban Landlord Partners, which focuses on the needs of institutionally owned assets located in downtown core markets.
JV Closes Purchase of San Fran Business Park
A joint venture between Shorenstein Properties L.L.C. and SKS Investments completed the acquisition of Oyster Point Business Park and Oyster Cove Marina, a six-building flex/industrial property in South San Francisco, Calif.
San Fran M-F Hits Market
Marcus & Millichap has announced the listing of a 74-unit multi-family complex in San Francisco.
Walnut Creek Phase II on Track for $400M Mixed-Use Transit Village
A four-partner public-private partnership has broken ground for the second phase of work on a $400 million mixed-use transit oriented development called Avalon Walnut Creek at Contra Costa Center, which is located next to the transit station in Pleasant Hill in California’s Bay Area.
 

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