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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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Sunnyvale Set to Steal Tenants from Neighboring Submarkets; Legacy Pounces on Development Opportunity

Sunnyvale Set to Steal Tenants from Neighboring Submarkets; Legacy Pounces on Development Opportunity

By Alex Girda, Associate Editor The improving office market in Silicon Valley is making its effects known, as landlords and developers scramble to get as much space as possible while the spike lasts. Yet while the area is set to continue to generate interest due to the presence of giants…

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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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