Fairfield Residential Plans New Mixed-use Development in Downtown San Jose
By Jon Peterson San Diego-based Fairfield Residential is now going through the approval process for its mixed-use development in downtown San Jose called Marshall Squares. “We think that downtown San...
View ArticleCalSTRS Confirms December Sale of 180 Grand in Oakland for $61.3MM
By Jon Peterson As reported in December, California State Teachers Retirement System has sold the 277,030 square foot 180 Grand office building in Oakland for $61.3 million or $221 per square foot,...
View ArticleBeacon Capital to Test the Market in San Francisco With Sale of 888 Brannan
By Jon Peterson Boston-based Beacon Capital Partners will test the office building sales market in San Francisco as it has plans to bring to market for sale the 445,395 square foot property at 888...
View ArticleCalSTRS’ New Single-family Commitments to Target San Francisco and Seattle
By Jon Peterson California State Teachers Retirement System has approved $150 million worth of new commitments in real estate targeting single-family investment opportunities. These two commitments...
View ArticleResmark and Sares Regis to Fund 1/3 of New Apartment Complex in San Bruno...
By Jon Peterson Los Angeles-based Resmark Apartment Living and San Mateo-based Sares Regis Group of North California are planning to invest 1/3 of the development cost of the San Bruno Plaza...
View ArticleTIAA-CREF Puts 888 Brannan Under Contract at Around $700 Per Square Foot
By Jon Peterson New York City-based TIAA-CREF has put under contract for purchase the 888 Brannan Street office building in San Francisco for around $700 per square foot or almost $312 million,...
View ArticleCalSTRS Allows New Capital to Consider Deals for San Francisco and Seattle
By Jon Peterson California State Teachers Retirement System has made new real estate commitments totaling $850 million and is planning to allocate at least part of this capital in San Francisco and...
View ArticleDivcoWest Starts a $1.5 Billion Capital Raise for New Commingled Fund
By Jon Peterson San Francisco-based DivcoWest Properties has just started the capital raising process for its next commingled fund, the $1.5 billion DivcoWest Fund V, according to sources that track...
View ArticleBrookfield Residential, Standard Pacific Homes to Build Nearly 2,000 Units in...
By Nancy Amdur Developers Brookfield Residential Properties and Standard Pacific Corp. announced that they have secured acquisition and development rights for a master-planned community at the 189-acre...
View ArticleCalPERS Names Mary Anne Ashley Chief of Legislative Affairs
SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) has named Mary Anne Ashley the new Chief of its Legislative Affairs Division. Ashley was previously Director of Government...
View ArticleBlackstone Buys San Francisco Hotel for $126MM
By Jon Peterson Hartford, Conn.-based Cornerstone Real Estate Advisers has provided financing that covers 83 percent of the acquisition by New York City-based Blackstone Real Estate Partners of four...
View ArticleBlackstone to Acquire Market Center in San Francisco for Roughly $489MM
By Jon Peterson New York City-based Blackstone Real Estate Partners is planning to acquire the 720,000 square foot Market Center office building in San Francisco for around $680 per square foot or...
View ArticleGI Partners Buys Apple Occupied 825 Stewart Drive in Sunnyvale for $34.7MM
(EDITOR’S NOTE: According to public record, the asset was purchased for $34,725,000, and the transaction closed May 20, 2016. The seller was Hines, the tenant in the bulding is Apple. JLL Bay Area...
View ArticleClarion Selected as Buyer of 1999 Harrison in Oakland for Over $211MM
By Jon Peterson New York City-based Clarion Partners has been selected as the buyer of 1999 Harrison Street in downtown Oakland. The purchased price is projected to be in excess of $440 per square foot...
View ArticleCalSTRS Makes $200MM Commitment into DivcoWest Fund
By Jon Peterson California State Teachers Retirement System has approved a $200 million commitment into the DivcoWest Fund V commingled fund, according to a document from the pension fund. San...
View ArticleBlackstone to Buy San Francisco Bay Area Assets as Part of its Massive $1.5B...
By Jon Peterson New York City-based Blackstone Real Estate Partners will be adding to its exposure in the San Francisco Bay Area once it closes on the acquisition of a $1.5 billion deal with Los...
View ArticleGI Partners Announces Acquisition of 14200 Shady Grove Road, Montgomery...
DataCore Purchases Global Vaccine Center / Life Science Property SAN FRANCISCO, CA, January 12, 2017 – GI Partners, a leading alternative asset manager, announced that is has completed the acquisition...
View ArticleDivcoWest Sells Two-Building Complex in San Mateo for Around $180MM
By Jon Peterson San Francisco-based DivcoWest has sold the 210,000 square foot 700-900 Concar Drive office buildings in San Mateo for around $180 million or $857 per square foot, according to sources...
View ArticleCalSTRS/CBRE Investors Buy Office Building in Santa Clara for $162.5MM
By Jon Peterson California State Teachers Retirement System working with Los Angeles-based CBRE Global Investors has paid $162.5 million or $650 per square foot to buy the 250,000 square foot office...
View ArticleLionstone to Remain Active in San Francisco and Seattle as it Plans Sale to...
By Jon Peterson Houston-based Lionstone Investments still plans to be active in the markets of San Francisco and Seattle as it has signed an agreement to sell its company to Minneapolis and...
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