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Virtú Investments Picks Up SoMa Luxury Apartment Complex

Virtú Investments Picks Up SoMa Luxury Apartment Complex

By Alex Girda, Associate Editor Virtú Investments, a locally based real estate investment management firm, recently announced the purchase of a small apartment community in San Francisco’s SoMa neighborhood. The Station House Apartment Community is part of Mint Plaza, a mixed-use promenade area located in one of the most coveted…

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Massive Office Development Could Spur Palo Alto Downtown Re-branding Frenzy

Massive Office Development Could Spur Palo Alto Downtown Re-branding Frenzy

By Alex Girda, Associate Editor The City of Palo Alto is set to see a massive office development take shape in one of its prime downtown areas. Local authorities have teamed up with philanthropist John Arillaga in order to get a four-tower office complex at 27 University Avenue that, if…

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50 Beale Street Trades Hands as Rockefeller JV Acquires Office Tower

50 Beale Street Trades Hands as Rockefeller JV Acquires Office Tower

By Alex Girda, Associate Editor The Rockefeller Group recently announced the acquisition of a class A office property in San Francisco’s South Financial District. A joint venture that the company created with Mitsubishi Estate New York has closed a deal securing the 50 Beale Street tower as the third acquisition…

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Hines Global REIT Acquires Gap’s San Francisco Headquarters for $180 Million

Hines Global REIT Acquires Gap’s San Francisco Headquarters for $180 Million

By Alex Girda, Associate Editor International real estate giant Hines recently announced the purchase of one of the city’s best known office properties. The company’s subsidiary, Hines Global REIT, has completed the acquisition of 550 Terry Francois, the building that is currently fully under contract with Gap Inc. The real…

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Treat Towers in Walnut Creek Trade Hands

Treat Towers in Walnut Creek Trade Hands

By Alex Girda, Associate Editor MetLife recently acquired Treat Towers in one of the largest office deals in the East Bay this year, trading for around $120 million. The property was bought from Chicago-based Equity Office Properties Trust, who co-owned the Treat Towers with a TIAA-CREF retirement fund. The twin…

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Alta Bates Summit Medical Center’s New Parking Structure Unveiled

Alta Bates Summit Medical Center’s New Parking Structure Unveiled

By Alex Girda, Associate Editor The Alta Bates Summit Medical Center in Oakland has an ongoing expansion project that is apparently starting to get serious attention as one of the early phases of development was recently opened to the public. The Summit Campus’ new parking structure was opened recently and…

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Fortinet Acquires Facility Potentially Groomed for New HQ

Fortinet Acquires Facility Potentially Groomed for New HQ

By Alex Girda, Associate Editor A company dealing with national and international network security is set to expand after a recent property purchase in Sunnyvale. Fortinet Inc. is the new owner of 164,099 square feet of space at 895 Kifer Rd. on a 10-acre lot. The California-based tech company acquired…

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Green Energy Researchers Look to LEED Gold Building to Serve As New Facility

Green Energy Researchers Look to LEED Gold Building to Serve As New Facility

By Alex Girda, Associate Editor The Energy Biosciences Institute has announced that it’s moving into its new home—five years into its initiative to come up with energy alternatives. The building at 2151 Berkeley Way building will be shared with researchers from the University of California’s Department of Bioengineering, and approximately…

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Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise

Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise

By Alex Girda, Associate Editor It’s all about one-bite appetizers and shot-size cocktails these days, and now it looks like less is more in the living department as well. 300-square-foot apartments offer a frugal living space, but student housing developer Patrick Kennedy seems confident that those who crave city life…

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Brookfield Puts 333 Bush Up for Sale; USPS Markets 8 Assets

Brookfield Puts 333 Bush Up for Sale; USPS Markets 8 Assets

By Alex Girda, Associate Editor A second tech boom is ratcheting up demand for office space in the San Francisco Bay Area .This has prompted a number of owners to buy or unload assets, among them  Brookfield Asset Management, the global alternative asset manager that manages a $150 billion portfolio. Brookfield is hoping to ride the…

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California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino

California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino

By Alex Girda, Associate Editor Apple’s plans to build a cutting-edge headquarters in Cupertino have been placed on the fast track by Gov. Jerry Brown. The state’s decision will help ensure that Apple will make its announced 2015 deadline for completing the project. Sustainable features anchored the argument  for shepherding the project through the California’s…

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Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets

Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets

By Alex Girda, Associate Editor Stockbridge Capital Group recently announced the final closing of a $220 million fund that will target a wide range of value-added investments including industrial, office, retail and multi-family properties in major domestic markets. Established in 2011, Stockbridge Value Fund I will focus on distressed and…

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