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650 California Street Acquired by Columbia Property Trust in $300 Million Deal

650 California Street Acquired by Columbia Property Trust in $300 Million Deal

650 California Street was recently acquired by Columbia Property Trust, Inc. in a deal completed with owners Tishman Speyer and Prudential Real Estate Investors. The buyer paid a fee of $309 million for the iconic Class A office tower located in San Francisco’s coveted Financial District.…

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KB Homes Acquires Land in Sunnyvale, Unveils Latest Residential Project in the Area

KB Homes Acquires Land in Sunnyvale, Unveils Latest Residential Project in the Area

Part of an increasingly aggressive development policy in The Bay Area, KB Homes recently announced the purchase of a plot of land in Sunnyvale and its development strategy for the property. The home builder has announced that the site will house a new housing community called Solaire. The company has…

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555 Montgomery Street Property Management Contract Awarded to Kennedy Wilson

555 Montgomery Street Property Management Contract Awarded to Kennedy Wilson

Kennedy Wilson is the new property manager of a San Francisco office high-rise after the company was awarded the contract for 555 Montgomery Street. KW will now handle property management duties at the property on behalf of owner East West Bank, a Pasadena-based financial entity.…

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Goodman Logistics Center Welcomes First Tenant as Benjamin Moore & Co. Inks Lease for 1/3 of Available Space

Goodman Logistics Center Welcomes First Tenant as Benjamin Moore & Co. Inks Lease for 1/3 of Available Space

The Goodman Logistics Center in Oakland has announced its first new tenant as Benjamin Moore & Co. inked an agreement to take over more than a third of the available space at the site. The property will serve as the new tenants’ base of operation which will supply paint to…

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Jay Paul Company Receives $480 Million Construction Loan from HFF for its Tower at 181 Fremont Street

Jay Paul Company Receives $480 Million Construction Loan from HFF for its Tower at 181 Fremont Street

The city’s South Financial District is set to welcome a new major mixed-use development project as developer Jay Paul Company recently locked in financing for its Fremont Street venture. HFF recently announced that it has arranged construction financing on behalf of the developer through Starwood Property Trust. The total amount…

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Marcus & Millichap Arranges Trade of Viking Apartments in Peninsula at Above-Average Per-Unit Price

Marcus & Millichap Arranges Trade of Viking Apartments in Peninsula at Above-Average Per-Unit Price

A Peninsula multifamily property recently traded hands in a deal worth $10.8 million. Marcus & Millichap arranged the transaction for the Burlingame, CA asset at a per-unit rate of $308,571. The seller is a family that owned the property for around 50 years, while the buyer is another local family…

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Levi’s Stadium Announces Completion of NRG Solar Terrace as Facility Awaits LEED Gold Certification

Levi’s Stadium Announces Completion of NRG Solar Terrace as Facility Awaits LEED Gold Certification

The San Francisco 49ers are moving to Santa Clara, as the newly-completed Levi’s Stadium will be the home of the NFL franchise starting with the upcoming season.…

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HFF Arranges Acquisition of 1400 16th Street by ASB Real Estate Investments

HFF Arranges Acquisition of 1400 16th Street by ASB Real Estate Investments

As the city’s office market continues to be white-hot, San Francisco’s assets are increasingly in demand. The latest asset to trade hands is the building located at 1400 16th Street—a historic property sold by Jessica McClintock Inc. to a venture consisting of ASB Real Estate Investments, SKS Partners and ProspectHill…

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San Francisco Apartment Market Podcast

San Francisco Apartment Market Podcast

Pierce Eislen's Ron Brock Sr. and MHN's research editor Jack Kern discuss San Francisco apartment market fundamentals in this edition of our market research podcast hosted by Mike Ratliff.…

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Potential Alameda Point Developers Line Up for Development Opportunities as Initiative Gains Momentum

Potential Alameda Point Developers Line Up for Development Opportunities as Initiative Gains Momentum

Local authorities have long tried to get a major development project going at former Navy base, Alameda Point. Currently, nine different development teams have submitted their applications in response to a request for qualifications, in order to have a shot at working on the 82-acre parcel located on San Francisco…

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Zendesk HQ Acquired by ASB Real Estate Investments in $60 Million Deal

Zendesk HQ Acquired by ASB Real Estate Investments in $60 Million Deal

989 Market Street, the San Francisco home of cloud-based help desk provider Zendesk, just traded hands in a deal worth approximately $61.3 million. The office asset was acquired by ASB Real Estate Investments from seller Harbert Management Corporation, a deal in which the seller received more than double what it…

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1155 Market Street Sold by Laurus Corporation for $72 Million

1155 Market Street Sold by Laurus Corporation for $72 Million

The Laurus Corporation has recently offloaded one of its most high-profile properties for a fee of $72.6 million. The private real estate investment and development firm has sold its 1155 Market Street in San Francisco, resulting in 56 percent Internal Rate of Return for investors.…

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