Regions West | San Francisco
Research Shows Growing Pipeline of Datacenter Development
May 08, 2008
According to results from a study commissioned by San Francisco-based internet gateway datacenter owner Digital Realty Trust Inc., the number of datacenter projects on tap for the U.S. over the next 12 months is substantially higher than the anticipated figures from one year ago.
Robert Maguire Floats Plan to Take Firm Private
April 28, 2008
Robert Maguire III, chairman & CEO of Maguire Properties Inc., has proposed a plan to privatize the REIT. The proposal represents the latest chapter in the company's efforts to resolve its debt problems, which is being spearheaded by a special committee of independent directors.
Design Approval Moves $150M Oakland Office Building Forward
April 25, 2008
SKS Investments takes the next step toward developing a $150 million office property at 1100 Broadway in Oakland with the Oakland Planning Commission's hands down approval of the design for the 320,000-square-foot green building.
New Urban Takes San Francisco Portfolio
Feb. 20, 2008
New Urban Properties L.L.C., a San Francisco-based real estate operating company specializing in historic properties throughout San Francisco, has announced it has added three new assets to its portfolio.
Batter Up in Bidding for Site Near San Fran Ballpark
Feb. 15, 2008
As of yesterday’s deadline, four proposals have been submitted to the Port of San Francisco for redevelopment of a prime parcel on the city’s waterfront, adjacent to AT&T Park, home of the San Francisco Giants.
San Francisco 49ers Step Closer to Santa Clara Stadium
Jan. 16, 2008
Santa Clara’s city council voted 6-1 Tuesday to accept city staff’s recommendation that city financing for a 49ers stadium is feasible, tackling one more hurdle for the NFL franchise to have its $916 million stadium up and running for football season in 2012.
GE Provides $95M Loan on San Francisco Tower
Jan. 14, 2008
GE Real Estate has announced it provided a $95 million short-term, on-book loan to a joint venture between Sterling American Property Fund IV and Hines to refinance Parkside Towers, a Class A office building located in Foster City, Calif., part of San Francisco’s South San Mateo submarket.
PREI Takes San Francisco Tower
Jan. 07, 2008
Principal Real Estate Investors has announced that it has acquired 150 Spear Street office tower in San Francisco, Calif. No financial details were released.
Hines-RREEF Partnership Acquires San Francisco Office Buildings
Dec. 26, 2007
Houston-based Hines, in partnership with RREEF's Real Estate Opportunity Fund, has acquired a two-building office complex in San Francisco's South Financial District. All together the buildings, called Hawthorne Plaza (pictured), total about 441,400 square feet.
Capital Properties to Renovate, Reposition Rincon Residences
Nov. 27, 2007
Capital Properties, which acquired Rincon Residential Towers in San Francisco earlier this year, has unveiled redevelopment plans for the property. Besides renovations to the entire property, the New York-based owner will also convert a portion of the residences into a concept it calls "Altavie Suites."
California Retailer Headquarters Sold for $66.5M
Oct. 04, 2007
Capmark has sold the 336,000-square-foot corporate headquarters of national retailer Mervyn's, located in Hayward, Calif., to a Southern California-based real estate group for $66.5 million.
Prometheus Arranges $95M Partner Buy-Out
Oct. 02, 2007
An affiliate of San Mateo-Calif.-based Prometheus Real Estate Group arranged a $95 million mortgage to buy out a partner for Cupertino City Center office Buildings 3 and 4 in Cupertino, Calif.
Carmel Partners Closes Third Fund at $700M
Oct. 01, 2007
San Francisco-based Carmel Partners Inc. has closed its third discretionary institutional real estate investment fund, Carmel Partners Investment Fund III with total commitments of $700 million. The fund will focus on underperforming properties in markets with high barriers to entry as well as current projects in Northern and Southern California, Seattle, Denver, Washington, D.C., and Hawaii.
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