Regions West | San Francisco
Thomas Properties Expands Investment Management Platform with $250M JV Allocation
June 2, 2008

Thomas Properties Group Inc. has entered into an agreement with UBS Wealth Management/North American Property Fund Limited, in which UBS will allocate $250 million to a joint venture program with Thomas Properties to acquire class A office properties in U.S. markets. Thomas Properties will contribute 15 percent of the equity required for each acquisition and receive customary acquisition, asset management and incentive-based fees for programs of this type. The company also will provide property management and leasing services for properties acquired in markets in which the company has an existing presence.
Markets initially targeted for investment include, among others Los Angeles, Orange County, San Diego and San Francisco, California, Austin and Houston, Texas, Washington DC/Northern Virginia, Seattle, Denver and Phoenix.


 
Recent San Francisco Headlines
San Fran Approves $2B Housing, Stadium Plan
Dec. 02, 2008
The San Francisco Board of Supervisors has approved a resolution endorsing the funding plan for the redevelopment of Candlestick Point and Hunters Point Shipyard, which will entail the construction of 10,500 new homes, retail, office, open space and a new stadium for the city's 49ers football team.
Boston Properties Closes $375M Financing of Four Embarcadero Center
Nov. 19, 2008
Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by a syndicate of life insurance companies and bears interest at a fixed rate of 6.10 percent annum.
Turnberry Group 24 Joins Turnberry in $300M San Fran Condo High-Rise
Nov. 06, 2008
Group 24 L.L.C. has become a 50 percent partner with Turnberry Ltd. in the latter’s Turnberry Tower, a $300 million, 40-story luxury residential condo (pictured) in San Francisco’s Rincon Hill district. The project is Turnberry's first venture in California, and this is also the first collaboration between the two companies.s.
Henderson Global Grabs Two San Fran Bay Area Assets
Nov. 04, 2008
The San Francisco Bay market proves fruitful territory for acquisitions for Henderson Global as the Chicago-based independent investment manager picks up an office property and a multi-family community in a joint venture with Glenborough L.L.C.