Regions West | San Francisco
Bioscience Firm Plans to Double Foster City Campus to 1.2MSF
May 5, 2008
Gilead Sciences Inc. is making big expansion plans at its Foster City compound, the San Francisco Examiner reports. According to city Planning Commission records, Gilead is seeking the green light to increase the size of its 17-building campus of office and laboratory space from about 630,000 square feet to 1.2 million square feet. The biopharmaceutical company acquired the property from Equity Office Properties Trust for $123 million in 2003, when it consisted of 16 buildings with an aggregate 500,000 square feet.
Recent San Francisco Headlines
2.7M San Fran Biotech Project to Welcome Pfizer to 100,000-SF Space
Aug. 22, 2008
The Alexandria Center for Science and Technology at Mission Bay, a behemoth 2.7 million-square-foot life science cluster being developed by Alexandria Real Estate Equities Inc. in San Francisco, will become home to a division of Pfizer now that the pharmaceutical company has pre-leased 100,000 square feet at the property.
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.
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.
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