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Ritz-Carlton San Francisco Acquired as Building is Once Again Part of MetLife

Ritz-Carlton San Francisco Acquired as Building is Once Again Part of MetLife

As the city’s hospitality market soars to new heights, there might be space for passion plays as MetLife Inc. recently acquired its former headquarters, now a thriving San Francisco hotel. The insurance giant entered a joint venture with Thayer Lodging Group to purchase The Ritz-Carlton San Francisco for a grand…

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New Multifamily Development in The Mission Trades Hands Only Days After Opening

New Multifamily Development in The Mission Trades Hands Only Days After Opening

By Alex Girda, Associate Editor Avant Housing’s newly opened apartment community was sold just days after its official opening. The company’s new Vara development was purchased by global commercial real estate investor, Behringer Harvard. Avant Housing was represented during the sale by Moran Co. representatives Brett Betzler and Mary Ann…

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Fairmont Sonoma Mission Inn & Spa Stake Acquired by Carey Watermark in $100 Million JV Deal

Fairmont Sonoma Mission Inn & Spa Stake Acquired by Carey Watermark in $100 Million JV Deal

San Francisco has elevated its hospitality market over the past few years to a point where rates and occupancy have been rising and the city is a top market contender. Then the recent big money move by Carey Watermark Investors Incorporated to acquire a joint venture interest in the Fairmont…

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Office Building Acquisition Confirms Interest in Silicon Valley Still High

Office Building Acquisition Confirms Interest in Silicon Valley Still High

Silicon Valley has been going from strength to strength over the past year as its office market has seen sustained growth. It doesn’t hurt that Apple is planning a massive spaceship-shaped HQ in Cupertino while the Googleplex in Mountain View is already a staple of the region. Now a new…

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San Francisco’s Appeal Slightly Wanes as Market Seeks Stability Over Continued Growth

San Francisco’s Appeal Slightly Wanes as Market Seeks Stability Over Continued Growth

Data provided by real estate company Marcus & Millichap Real Estate Investment Services indicates that the while rent and sales trends are definitely up, vacancy rates are now finding a safe spot around the 10-11 percent mark. With no major leases completed and no major office projects set for immediate…

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San Francisco Single Family Housing Inventory Constrained; Santa Clara University Pens Expansion Deal

San Francisco Single Family Housing Inventory Constrained; Santa Clara University Pens Expansion Deal

After months of growth in terms of price and number of sales, San Francisco’s housing market reached an important milestone earlier in the year when the median value of a home in the area exceeded the $1 million mark. The improving market has clearly taken its toll on the city’s…

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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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