Multifamily news in Operations - San Francisco
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Yardi Matrix: An End to San Francisco’s Bull Run?
Affordability has become a pressing problem for San Franciscans after years of double-digit rent growth in the metro.
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Product Spotlight: Soundproof Windows
Property owners put an end to excessive noise and shave expenses in the process.
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Product Roundup: 5 Unique Selections from the NAA Exposition
Browse our selection of some of the unique products presented at the annual show.
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MTEC Report: Sharing Underused Assets
Multifamily industry executives discussed how to take advantage of today's sharing economy by capitalizing on underused assets.
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WinnResidential Wins Management of 4,420-Unit CA Portfolio
Highridge Costa Investors awarded WinnResidential the right to manage a portfolio of 48 California LIHTC properties.
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California City Celebrates Groundbreaking of New Affordable and Luxury Communities
A new $121.5 million transit-oriented multifamily development is officially underway.
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Mall Makeover to Showcase a Record-Setter
A Bay Area developer wants to bring a 30-acre green roof to Cupertino, Calif.
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Proximity to UC Berkeley Campus Lures Yet Another Investor
We are apparently entering Berkeley real estate’s prime time as of late.
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San Francisco City Hall Sets LEED Record
San Francisco’s century-old City Hall was recently awarded the highest level of LEED Certification by the U.S. Green Building Council. The building is now the oldest property in the entire country to have been granted LEED Platinum Certification for Existing Buildings Operations and Maintenance. The rating comes as the result of an ample effort carried out by the San Francisco Public Utilities Commission, the U.S. EPA and the City Administrator’s Office to raise the efficiency of the asset.
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Fillmore Center Awarded Repositioned Property of the Year by San Francisco Apartment Association
The Fillmore Center in San Francisco was recently honored by the San Francisco Apartment Association.
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888 San Mateo Receives LEED Platinum Certification from the US Green Building Council
A residential community in San Mateo was recently awarded LEED Platinum certification by the United States Green Building Council. 888 San Mateo is a residential community owned and developed by the Sares Regis Group of Northern California. The announcement means that 888 San Mateo is only the sixth residential community in the country with over 150 units to garner the certification.
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650 California Street Acquired by Columbia Property Trust in $300 Million Deal
650 California Street was recently acquired by Columbia Property Trust, Inc. in a deal completed with owners Tishman Speyer and Prudential Real Estate Investors. The buyer paid a fee of $309 million for the iconic Class A office tower located in San Francisco’s coveted Financial District.
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Levi’s Stadium Announces Completion of NRG Solar Terrace as Facility Awaits LEED Gold Certification
The San Francisco 49ers are moving to Santa Clara, as the newly-completed Levi’s Stadium will be the home of the NFL franchise starting with the upcoming season.
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Zendesk HQ Acquired by ASB Real Estate Investments in $60 Million Deal
989 Market Street, the San Francisco home of cloud-based help desk provider Zendesk, just traded hands in a deal worth approximately $61.3 million. The office asset was acquired by ASB Real Estate Investments from seller Harbert Management Corporation, a deal in which the seller received more than double what it had paid for the property back in 2011. This recent purchase was made on behalf of ASB’s Allegiance Real Estate Fund, a $3.5 billion vehicle.
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1155 Market Street Sold by Laurus Corporation for $72 Million
The Laurus Corporation has recently offloaded one of its most high-profile properties for a fee of $72.6 million. The private real estate investment and development firm has sold its 1155 Market Street in San Francisco, resulting in 56 percent Internal Rate of Return for investors.