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San Francisco Bay Area Properties Put Up for Sale as California Looks to Pay Off Wall of Debt

San Francisco Bay Area Properties Put Up for Sale as California Looks to Pay Off Wall of Debt

The Department of General Services is planning the sale of a large section of surplus land in its administration, and marketing has commenced for the property. According to a press statement, the DGS will be listing the property and talking with interested buyers until the 3rd of October, this year.…

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Hyatt Fisherman’s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal

Hyatt Fisherman’s Wharf Acquired by Chesapeake Lodging Trust in $100M Deal

San Francisco’s improving hospitality market has seen another high-profile deal perfected as investors focus their attention on the city’s increasing appeal for both business and tourism. The Chesapeake Lodging Trust recently closed a deal for the Hyatt Fisherman’s Wharf, paying a purchase fee of around $103.5 million for the hotel,…

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Mission Bay Strengthens Image as Life Sciences Hub with New Lease

Mission Bay Strengthens Image as Life Sciences Hub with New Lease

Mission Bay’s reputation as a leading international life science hub is set to be confirmed as yet another company activating in the field announced that it is moving to the area. Represented by Alexandria Real Estate Equities the mid-cap life sciences company has completed a leasing deal at 499 Illinois…

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Retail World Sees Ups and Downs as Target and Best Buy Have Different Agendas in the Bay Area

Retail World Sees Ups and Downs as Target and Best Buy Have Different Agendas in the Bay Area

By Alex Girda, Associate Editor Two Bay Area Best Buy locations are about to close after the company announced plans to close 42 locations around the country. The latest locations to close are placed in Pittsburg and East Palo Alto, with additional sites being prepped to be terminated in Manteca and…

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Median Home Values in San Francisco Hit $1M Mark in April as Single-Family Housing Heats Up

Median Home Values in San Francisco Hit $1M Mark in April as Single-Family Housing Heats Up

Good news for the area’s housing market as a recent report from the San Francisco Association of REALTORS indicates that prices have escalated and are now reaching new heights. The SFAR has revealed that according to sales data from April, San Francisco’s median home prices have now surpassed the $1…

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Joint Venture Holds Feng Shui Groundbreaking Ceremony for Sunset District Development

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…

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CIM Group Acquires Creative Office Building in Strong SoMa Submarket

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…

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New Wood Partners Transit-Oriented Community Breaks Ground in San Mateo

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…

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115 Sansome Street Building Acquired by Harvest Properties, Set for Conversion to Creative Space

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…

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Walnut Creek Apartment Portfolio Trades Hands for $64.3 Million

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…

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Pleasant Hill Retail Property Trades Hands in $100 Million Deal as Retail Rates Make a Comeback

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…

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Over-Performing San Francisco Office Market Produces Yet Another Office Deal

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…

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