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Old Mervyns’ Site in Hayward Eyed for Multi-Family Project

Old Mervyns’ Site in Hayward Eyed for Multi-Family Project

By Alex Girda, Associate Editor A long-vacant department store in Hayward is on the radar of a developer that wants to transform its site into an upscale residential property, but the plan could be in for some choppy sailing. Closed since 2008, the 335,000-square-foot Mervyns on Foothill Blvd. would be…

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Starwood Hotels and Partners Detail Lofty Plans For Cupertino

Starwood Hotels and Partners Detail Lofty Plans For Cupertino

By Alex Girda, Associate Editor In a move that Starwood Hotels & Resorts Inc. hopes will capture the Silicon Valley’s young, hip demographic, the company is bringing its Aloft select-service brand to Cupertino. Scheduled for an early 2013 opening, the 123-key hotel will be the third Aloft in the Golden State.…

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Blackstone Pays $70M for Majority Stake in Parc 55

Blackstone Pays $70M for Majority Stake in Parc 55

By Alex Girda, Associate Editor Parc 55 is the latest Bay Area hotel to attract institutional investors to one of the nation’s top hospitality markets. Last month, the Blackstone Group L.P. paid about $70 million for a 75 percent stake in the 1,011-key property located in Downtown San Francisco, Bloomberg News reported.…

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Equity One Buys Potrero Center for $111M; Is Multi-Family Next?

Equity One Buys Potrero Center for $111M; Is Multi-Family Next?

By Alex Girda, Associate Editor Adding a premiere Bay Area retail spot to its portfolio, Equity One Inc. recently closed on the acquisition of the Potrero Center in San Francisco from the Emerald Fund in a deal estimated at $111 million. The North Miami Beach, Fla.-based retail REIT prevailed in a field…

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Kilroy Realty Extends Footprint to Menlo Park in $162M Office Deal

Kilroy Realty Extends Footprint to Menlo Park in $162M Office Deal

By Alex Girda, Associate Editor  In its latest big-ticket Bay Area buy, Kilroy Realty  Corp. has paid $162.2 million for a 374,000-square-foot office campus in Menlo Park. Kilroy Realty acquired its newest asset, Menlo Corporate Center, from Walton Street Capital L.L.C. Located on Bohannon Drive, the complex consists of seven buildings that are…

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Fate of Salesforce’s Scuttled Campus Site Remains Unclear

Fate of Salesforce’s Scuttled Campus Site Remains Unclear

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor More than two weeks after Salesforce.com surprised San Francisco by pulling the plug on its plans to develop a $2 billion campus in Mission Bay, its plans for the property remain [...]…

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Deals Set Stage for 49ers’ New Stadium to Rise in Santa Clara

Deals Set Stage for 49ers’ New Stadium to Rise in Santa Clara

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor After years of false starts, a new stadium for the San Francisco 49ers is on the verge of becoming a reality. In the wake of key approvals by city officials and [...]…

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Swift Realty Ready to Flip 600,000 SF in Concord

Swift Realty Ready to Flip 600,000 SF in Concord

By Alex Girda, Associate Editor Less than a year after its acquisition of the former Bank of America campus in Concord, Swift Realty Partners is ready to start flipping the property. The company has listed the buildings at 2000 Clayton Road [...]…

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Makeover at 680 Folsom Reels In Riverbed for 168,000 SF Lease

Makeover at 680 Folsom Reels In Riverbed for 168,000 SF Lease

By Alex Girda, Associate Editor San Francisco is angling for the informal title of innovation capital of the world, to use Mayor Ed Lee’s phrase, and a major lease in the South of Market district is giving the mayor a new [...]…

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Pier 27 Makeover Starts; One Beach Street Trades for $36.5M

Pier 27 Makeover Starts; One Beach Street Trades for $36.5M

By Alex Girda, Associate Editor A new cruise ship terminal is on the horizon at Pier 27. Following the Jan. 31 demolition of a warehouse, the site initially will house America’s Cup Village, which will provide retail space and restaurants as [...]…

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MetWest Terra Continues Streak with Third Bay Area Purchase

MetWest Terra Continues Streak with Third Bay Area Purchase

By Alex Girda, Associate Editor MetWest Terra Hospitality is on a roll in the Bay Area after a flurry of hotel acquisitions. In mid-January, the company picked up the Hotel Abri, a 91-key Downtown San Francisco property that was the company’s [...]…

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Apple Expands in Sunnyvale; East Palo Alto Makeover in Doubt

Apple Expands in Sunnyvale; East Palo Alto Makeover in Doubt

By Alex Girda, Assciate Editor Apple has recently signed a lease that may be the opening round of a large-scale expansion by the technology giant in Sunnyvale. Reports peg the deal as the first in a long series of moves that will [...]…

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