San Francisco

Firm Gets $36M in Net Income for 2011

CUPERTINO, CA-With talk of a possible sale looming, the locally based Mission West Properties Inc. expects revenues and earnings will continue to increase in 2012 based on new and renewal leases and higher rents.

Energy Solutions Acquires Broadway Atrium in Oakland

OAKLAND, CA-Energy Solutions has snapped up a Class B office property in downtown Oakland.

Hyatt Regency Gets $130M Refi Loan

SAN FRANCISCO-Portfolio lender Mesa West Capital is financing the hotel owners’ first mortgage on the 802-room waterfront hotel.

$87M Renovated Building Gets First 167,788-SF Tenant

SAN FRANCISCO-TMG Partners says Riverbed Technology is the ideal tenant not only for this space, but to complement the increasing tech growth in San Francisco’s SoMa area.

$92M Cruise Terminal Breaks Ground, Relieves Pressure

SAN FRANCISCO-The Port of San Francisco project will give exhibitors an alternative to the Moscone Center for conventions and parties, renovating the entire port infrastructure by mid-2013.

CityView Closes on First Asset from $300M Fund

SAN FRANCISCO-The fund will be used to invest in multifamily communities in the Bay Area, a region the firm says is a big draw for people, jobs, and the capital necessary to justify large-scale investments in housing.

Former Red Lion Hotel to Reopen Under New Owners

CONCORD, CA-An East bay hotel is getting ready to open again under new owners.

DEAL-WRAP
Highland Closes $31M Apartment Portfolio Financing

LOS ANGELES-The debt financing is for a three-property, 365-unit apartment portfolio in California in this week’s West Coast wrap up of deals.

Trammell Crow Adds Head of NorCal Operations

SAN FRANCISCO-John Greer, formerly a principal at PCCP LLC, will be responsible for sourcing new acquisitions, among other tasks.

Cresa Opens East Bay Office, Expands Bay Area Presence

OAKLAND, CA-The new commercial real estate office will be led by managing principals Matt Elmquist and Scott Stone, who formerly were principals at AEGIS Realty Partners in Oakland.

One Beach Street Office Building Trades for $36M

SAN FRANCISCO-The Swig Co., along with Angelo, Gordon & Co., sells the 97,000-square-foot One Beach St. office building to San Diego-based REIT American Assets.

Lawrence Berkeley Lab to Start First Phase of its Second Campus

RICHMOND, CA-Lawrence Berkeley National Lab is expecting to start the first phase of its second campus, which could contain approximately 2 million square feet of office, R&D and lab space, in Richmond.

Essex and Wisconsin Join $1.2B Parkmerced Plan

SAN FRANCISCO-The Essex REIT and the Wisconsin Investment Board are providing $175 million, along with a $450 million Fannie Mae loan, for this massive multifamily redevelopment.

Larkspur Sells Hotel Abri to MetWest Terra

SAN FRANCISCO-Jackson Hole-based MetWest Terra is expanding its Bay Area portfolio.

Ross Stores Seizes Emerald Point in Dublin

DUBLIN, CA-Ross Stores Inc. has seized Emerald Point, a three-building office complex in Dublin.

TIAA-CREF’s Fifty Fremont Gets 400,000-SF Tenant

SAN FRANCISCO-According to SalesForce.com’s 8-K statement, the company commits a deal worth approximately $339 million over the 18-year term.

Target Plans to Open New Store on Alameda Island

ALAMEDA, CA-Minneapolis-based Target Corp. is planning to open a new store on Alameda Island.

MG Properties Group Likes Value-Add Apartment Buy

SAN MARCOS, CA-Barham Villas Apartments, which benefits from the continued expansion of the university here, is financed with a $21.4-million fixed-rate loan from Freddie Mac.

Luxury Rental Helps Meet Increasing Area Demand

REDWOOD CITY, CA-GlobeSt.com learned that the construction cost for the four-story development called Township will be approximately $40 million.

BioMarin to Shift HQ to San Rafael Corporate Center

SAN RAFAEL, CA-BioMarin Pharmaceutical Inc. has leased 120,000 square feet of space at the San Rafael Corporate Center to house its new headquarters.

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Events

Look out for the full 2012 RealShare Conference Series schedule--COMING SOON!
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Upcoming Conferences
Feb.
15
RealShare APARTMENTS EAST
Washington, DC
Mar.
07
RealShare PHILADELPHIA
Philadelphia, PA
Mar.
22
RealShare REAL ESTATE 2012
Los Angeles, CA
Apr.
03-03
RealShare NET LEASE 2012
New York, NY
Featured Event
RealShare APARTMENTS EAST


Multifamily's most influential and knowledgeable executives share their insights and outlooks for the marketplace at our upcoming first annual RealShare APARTMENTS EAST conference!
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Webinars

Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda

December 07
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.

Featured Event
Protect Your Portfolio From Seismic Risk


This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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User's Choice

BofA Reevaluates US Real Estate Portfolio

NEW YORK CITY-The investment bank would only save One Bryant Park in Manhattan and Bank of America Corporate Center in Charlotte, media reports show.

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