Regions West | San Francisco
Mixed-Use Project Housing Fireman’s Fund Aims for Carbon Neutrality in 10 Years
Aug. 13, 2008
American Assets Inc. has revealed plans for The Commons at Mount Burdell, a green mixed-use project on a 65-acre site in Novato, Calif., about 30 miles north of San Francisco. According to the San Diego-based real estate company's calculations, the 1.5 million-square-foot development and redevelopment endeavor will be able to achieve carbon neutrality within a 10-year period. The Commons will evolve on the site of a Class A office complex on San Marin Drive. Home to the headquarters of the Fireman's Fund Insurance Co., American Assets acquired the property last year and will incorporate the existing buildings into the project. Ultimately, The Commons will encompass 800,000 square feet of new development that will include a premier hotel, retail space, meeting venues, a fitness facility and daycare accommodations. Additionally, 710,000 square feet of existing space will undergo renovation.
parcels HFF Arranges $56M Funding for $80M SFO Logistics Center Buy, Development
Aug. 13, 2008
Centrum Properties Inc. and Angelo, Gordon & Co. have secured $56.3 million in financing to acquire and reposition the SFO Logistics Center, a 572,000-square-foot warehouse-distribution center and adjacent 5.2-acre land parcel in south San Francisco that had been owned by the federal government for decades. An HFF executive who arranged the financing told CPN today the entire deal is worth $80 million.
Sports Network to Relocate HQ to 32,000-SF Digs
Aug. 01, 2008
With the signing of a lease for 32,000 square feet in the 450,000-square-foot office building at 370 3rd Street in San Francisco, Comcast SportsNet Bay Area will forsake its current Union Square locale for larger digs in the South of Market district.
Studley Report Says Sublease Space Floods San Fran Office Market
July 23, 2008
A total of 700,000 square feet of sublease space flooded the San Francisco office market over the last three months, pushing the overall availability rate to 14.8 percent, an increase of 1.6 percentage points as compared to the first quarter of 2008.
Colliers International Introduces Urban Landlord Partners
July 23, 2008
Colliers International announces the formation of the Urban Landlord Partners, which focuses on the needs of institutionally owned assets located in downtown core markets.
JV Closes Purchase of San Fran Business Park
July 18, 2008
A joint venture between Shorenstein Properties L.L.C. and SKS Investments completed the acquisition of Oyster Point Business Park and Oyster Cove Marina, a six-building flex/industrial property in South San Francisco, Calif.
San Fran M-F Hits Market
July 16, 2008
Marcus & Millichap has announced the listing of a 74-unit multi-family complex in San Francisco.
Walnut Creek Phase II on Track for $400M Mixed-Use Transit Village
July 16, 2008
A four-partner public-private partnership has broken ground for the second phase of work on a $400 million mixed-use transit oriented development called Avalon Walnut Creek at Contra Costa Center, which is located next to the transit station in Pleasant Hill in California’s Bay Area.
Shorenstein JV Takes 404,000SF San Fran Business Park
July 14, 2008
Oyster Point Business Park and Oyster Cove Marina in South San Francisco have just come under new ownership, courtesy of a deal valued at a reported $85 million.
San Fran Retail Sector Stays Strong
July 10, 2008
As payroll expansion moderates and equity spending further diminishes, retail sales in San Francisco are not projected to reach the robust levels attained in recent years, according to a second-quarter Retail Research Report by Marcus & Millichap.
KDC to Expand Operations
July 08, 2008
KDC plans to open new offices in Chicago, Washington, D. C. and the San Francisco Bay area by the end of the year, as well as expanding its Houston operations, the company said today.
Pharmaceutical Firm Leases 40,000SF at 600-Acre Business Park
July 03, 2008
KaloBios Pharmaceutical has snagged 40,000 square feet at 260 East Grand Avenue in South San Francisco, Calif. for its new headquarters location.
Transbay Project Promises Upgrades for San Francisco
June 27, 2008
It's been a long time coming, but San Francisco's Transbay Terminal is set to break ground this year.
Federal Home Loan Bank of San Fran Awards $37M in Affordable Housing Program Grants
June 26, 2008
The Federal Home Loan Bank of San Francisco awarded $37 million in Affordable Housing Program grants in the first round of the 2008 competition.
Glenborough Inks San Fran Lease with Law Firm
June 24, 2008
Glenborough L.L.C., a San Mateo, Calif., a real estate investment and management company specializing in office properties, has announced a new long-term lease at its 33 New Montgomery property in San Francisco, Calif.
Accounting Firm Leases 19,000SF in South Financial District for Expansion
June 20, 2008
Hood & Strong L.L.P. has made the move to the 465,000-square foot office high-rise at 100 First Street in San Francisco's Transbay neighborhood.
San Fran Museum Opens Doors
June 17, 2008
The Contemporary Jewish Museum has opened the doors of its new home in the redeveloped century-old building at 736 Mission Street in San Francisco, Calif.'s downtown's South of Market.
CBRE Acquires San Fran Office Building
June 12, 2008
CB Richard Ellis Investors Inc. has acquired on behalf of its Strategic Partners U.S. IV fund a 291,000-square-foot class A office building at 500 Terry Francois Boulevard in San Francisco, Calif.
Yahoo! Keeps it Green with Turn-Key Data Center in San Fran
June 12, 2008
Yahoo! Inc. has signed a lease to occupy a turn-key datacenter owned and managed by Digital Realty Trust Inc. in San Francisco, Calif.
UCLA Survey Gives Mixed Marks to California Real Estate
June 11, 2008
The office markets in Los Angeles and San Diego are moving past the credit crisis, but those in Orange County and San Francisco are not, according to the latest Allen Matkins/UCLA Commercial Real Estate Survey.
Mixed-Use Union Square Property Sold
June 05, 2008
The 21,000-square-foot retail and office property at 117 Post Street in San Francisco, Calif., has come under new ownership.
Lennar Hails Voter Approval of Prop G, to Build Mixed-Use Development in San Fran
June 04, 2008
Lennar Corp. released the statement following the victory of Proposition G and the resounding defeat of Proposition F.
$43M Financing Wraps Up for San Fran Office Property
June 03, 2008
A financing package valued at approximately $43 million has been put in place for the 140,000-square-foot Rialto Building in downtown San Francisco, Calif. Borrower Bomel Co. relied on the assistance of Holliday Fenoglio Fowler L.P. to orchestrate the transaction, which produced a loan from GE Real Estate.
Thomas Properties Expands Investment Management Platform with $250M JV Allocation
June 02, 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.
Credit Crunch Descends on San Francisco Office
June 01, 2008
Like the office sectors elsewhere, San Francisco’s market has seen damage to commercial real estate investment from the credit crunch. While owners of top office properties may have sold their assets last year to take advantage of low cap rates, lower prices are deterring them from taking the same action now, according to Chris Economou, investment associate for Marcus & Millichap Real Estate Investment Services Inc.
 

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