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Recent Transactions in Bay Area and Silicon Valley Cement Area’s Appeal

Recent Transactions in Bay Area and Silicon Valley Cement Area’s Appeal

The 520,000-square foot building located at 1221 Broadway has served as Clorox’ HQ since 1988 and will continue to be used by the household item manufacturer as per the terms of the sale. The company has opted to sell its 24-story office tower due to an ongoing process of moving…

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Forest City Enterprises Offloads Coveted Office Property in Downtown San Jose

Forest City Enterprises Offloads Coveted Office Property in Downtown San Jose

One of San Jose’s largest office buildings recently traded hands after Forest City Enterprises Inc. agreed terms with CBRE Global Investors for the sale of Fairmont Plaza. CBRE Global Investors paid $93.1 million for the Bay Area asset. The property, also known as the Knight-Ridder building, was sold in order…

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TMG Partners Acquires Recently Vacated Office Property, Seeks to Improve Existing Space

TMG Partners Acquires Recently Vacated Office Property, Seeks to Improve Existing Space

A vacant North San Jose office building was recently acquired by San Francisco-based real estate company TMG Partners. The buyer acquired the Class A property with the aid of equity partner Alcion Ventures LP. The seller was real estate investment company Kaufman Jacobs out of Chicago. The deal was perfected…

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North Financial District Office Building Sold to Multi-Employer Property Trust

North Financial District Office Building Sold to Multi-Employer Property Trust

475 Sansome is San Francisco’s latest office property to be traded after the Multi-Employer Property Trust and Bentall Kennedy, MEPT’s real estate advisor, acquired the property for an undisclosed amount. The deal for the building located at the corner of Sansome Street and Clay Street in the North Financial District…

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Berkeley Center Trades Hands as Downtown May See Development Increase

Berkeley Center Trades Hands as Downtown May See Development Increase

The complex is made up of a number of buildings located in an area bordered by Shattuck Avenue, Aliston Way and Harold Way, the San Francisco Business Times reports. The former owner is Marin County businessman Roy Nee, who held the property through a private family trust.…

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Santa Teresa Village Shopping Center Acquired by Maryland-based REIT

Santa Teresa Village Shopping Center Acquired by Maryland-based REIT

Cassidy Turley, along with Kidder Matthews representatives, arranged the transaction on the buyer’s behalf, while the seller was advised by Prime Commercial. The per-square-foot rate that Retail Opportunity Corp. paid for the complex is approximately $250. The Maryland REIT’s offer immediately convinced Barry Swenson Builder executives to finalize the sale.…

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Emeryville Public Market Trades Hands, Set for Massive Expansion

Emeryville Public Market Trades Hands, Set for Massive Expansion

The Emeryville Public Market is the latest major San Francisco Bay Area property to trade hands, after former owners TMG Partners and Rockwood Capital announced the sale of the mixed-use asset. The buyer is a partnership between Angelo Gordon and City Center Realty Partners. Financial terms for the acquisition deal…

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Last Hotel in Larkspur-Farallon Capital Portfolio Trades Hands in San Francisco

Last Hotel in Larkspur-Farallon Capital Portfolio Trades Hands in San Francisco

By Alex Girda, Associate Editor San Francisco’s hot hospitality market continues to heat up, as another hotel transaction joins an already packed roster of deals. It was recently reported that the last remaining property in the Larkspur portfolio was traded to a group of Canadian investors for a total of…

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City of San Francisco to Complete 100K-square-foot Lease Agreement with Laurus

City of San Francisco to Complete 100K-square-foot Lease Agreement with Laurus

By Alex Girda, Associate Editor The Laurus Coporation is cashing in on one of its earlier San Francisco Bay Area investments. The company has recently announced it is negotiating a leasing agreement for a large chunk of space at its 1155 Market St. property. The L.A.-based investment company is currently…

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Pebblebrook Hotel Trust Continues Bay Area Expansion with Hotel Palomar

Pebblebrook Hotel Trust Continues Bay Area Expansion with Hotel Palomar

By Alex Girda, Associate Editor At a time when San Francisco hotels are catching everyone’s fancy and room rates are going strong, it is to be expected that a number of hospitality transactions are being thrown around in the excitement. A case in point would be the recent acquisition of the…

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Owners Looking to Charge Premiums for Bay Area Residential Complexes

Owners Looking to Charge Premiums for Bay Area Residential Complexes

By Alex Girda, Associate Editor San Francisco is living its own private residential boom, and investors are looking to cash in on the demand for mid-Market residences. The San Francisco Business Times reports that apartment developer Archstone is currently looking to offload one of its larger Bay Area properties in…

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Warriors Arena Gets Development Team as Architect Unveils New Design

Warriors Arena Gets Development Team as Architect Unveils New Design

By Alex Girda, Associate Editor A new hurdle was recently cleared in the process of delivering a new sports arena to the city of San Francisco, as the project finally has a construction deal. The San Francisco Business Times reports that companies Hunt Construction Group and Webcor have been awarded…

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