San Francisco
Berkeley Point Executes $325M in Refinancing for The Gateway in San Francisco
Berkeley Point Capital, along with Freddie Mac, recently closed on the largest single-asset loan in its company history. The 10-year, $325 million refinance loan for The Gateway, a 7.74 acre San Francisco property, was locked-in at a fixed rate of 3.38 percent and is a full-term, interest-only loan.
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 the hopes of getting a […]
City Fund Could Yield $50M Yearly for Affordable Housing
By Alex Girda, Associate Editor Mayor Edwin Lee recently announced that the San Francisco is taking steps to revitalize its affordable housing market. The proposed Housing Trust Fund will generate between $20 million and $50 million annually to jump-start development of affordable housing, the Huffington Post reports. The effort will help produce more than 9,000 […]
Old Mervyns’ Site in Hayward Eyed for Multi-Family Project
By Alex Girda, Associate Editor A long-vacant department store in Hayward is on the radar of a developer that wants to transform its site into an upscale residential property, but the plan could be in for some choppy sailing. Closed since 2008, the 335,000-square-foot Mervyns on Foothill Blvd. would be demolished to make way for […]
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