San Francisco
TODAY’S DEALS: Wood Partners Completes Another California Sale
Wood Partners completes a Bay Area sale; NorthMarq arranges a refinancing in Rochester, N.Y.; and GFI Realty arranges a $4.6 million sale of a Harlem walk-up building.
TODAY’S DEALS: Colliers Brokers Sale that Sets New Record in Marin County—$570 Per Sq. Ft.
Colliers International closes the sale of the 38-unit Casa Roja Apartments in Mill Valley, Calif.; and HFF arranges $57 million in takeout financing for a property in downtown Denver.
Federal Realty Snaps Up Major Silicon Valley Retail Property
Controlling interest in the San Antonio Shopping Center in Mountain View, CA was recently acquired by a real estate investment company in a deal worth a total of $62.2 million. The buyer is Federal Realty Investment Trust, a Rockvile, MD owner, operator and developer of high-end retail properties. The transaction was completed by using a combination of 58,000 downREIT units, $18 million of cash and the assumption of $18.7 million of fixed rate debt secured by the property.
San Francisco Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss San Francisco apartment market fundamentals in this edition of our market research podcast hosted by Mike Ratliff.
TODAY’S DEALS: NorthMarq Negotiates $118M Refinancing for Transit-Oriented Apts. on Behalf of Prometheus
NorthMarq Capital’s San Francisco-based regional office announces the refinancing for of two adjacent downtown properties located in Mountain View, Calif.; and Bernard Financial originates a $5.2 million loan.
SF Development Bags $58M in Pension Fund Investment
101 Polk, an $82.8 million multifamily development in San Francisco, has secured a $58 million financing commitment toward its development from the AFL-CIO Housing Investment Trust (HIT).
Related California Begins Rehab of Berkeley Public Housing Units
Related California has acquired 75 units in 15 public housing sites from the Berkeley Housing Authority. The new partnership will renovate the units with the goal of improving a component of the city’s housing inventory for large families.
Pacific Urban Residential Acquires California’s Villas La Costa
Pacific Urban Residential has acquired the 24-unit Villas La Costa apartment community in Carlsbad, Calif., from San Diego-based Oram Properties.
Presidio Landmark Apartments Honored by National Trust
A 154-unit adaptive reuse project by Presidio Trust and Forest City has received The National Trust/Advisory Council on Historic Preservation’s Award for Federal Partnerships in Historic Preservation. The conversion was designed by Perkins+Will.
The Mark Co. Takes on Branding of San Francisco Shipyard and Candlestick Point
Lennar Urban has tapped The Mark Company in the residential branding and design of San Francisco Shipyard and Candlestick Point, the city’s largest redevelopment effort since the 1906 earthquake and fire.