San Francisco

Stan Johnson Co. Opens San Francisco Office

PALO ALTO, CA-GlobeSt.com ran into Andrew Barnes, one of the two new lead brokers in the office, at the firm’s party at ICSC’s RECon2012, who notes that the firm is looking to build that office over the next few years.

Claremont Hotel Club & Spa Reaches Market with $80M Price Tag

OAKLAND, CA-Investors Winthrop Realty Trust and Paulson & Co. have put the Claremont Hotel Club & Spa, a 279-room hotel in Oakland Hills, on the market for sale.

Sares Regis to Redevelop 1M-SF Office Campus

MOUNTAIN VIEW, CA-SRGNC CRES LLC has filed with the city to reposition and entitle a new campus on 24 acres here.

$69M Development To Be Built With Union Labor

SAN MATEO, CA-The AFL-CIO Building Investment Trust teams with Sares Regis Group of Northern California to develop 155 luxury apartments here, a project that is expected to create more than 300 union construction jobs.

CBRE Restructures NorCal Institutional Investment Team

SAN FRANCISCO-The firm has initiated a series of moves designed to strengthen significantly its delivery of capital-markets solutions to CRE investors in the San Francisco Bay Area.

DEAL-WRAP
Transwestern Hires 18 for NorCal, OC Offices

WALNUT CREEK, CA-The firm has added 17 new team members to cover East San Francisco Bay and one EVP for its Orange County office.

TRI CORFAC’s Sac, SF Offices Gain Six G&E Execs

SAN ANSELMO, CA-Among the new hires at TRI Commercial/CORFAC International is Grubb & Ellis’s top Sacramento investment advisor Steve Griffin and five other brokers formerly with G&E.

Hudson Pacific Properties To Make Huge Building Buy

LOS ANGELES-The firm agrees to pay $90 million for 901 Market St. in San Francisco, and $89 million for the Olympic Bundy Media Campus in West L.A.

Union Investment to Buy 555 Mission St. for $445M

SAN FRANCISCO-Union Investment, an investment fund based in Germany, has reached a contract to purchase 555 Mission St. in downtown San Francisco for $445 million.

Practical Counsel
Deal Closers and Deal Killers

It's an open secret that some lawyers are deal killers, not deal closers. Here are a few hints so you can tell the difference.

C&W Hires Six Execs For Multifamily Team

SAN FRANCISCO-Cushman & Wakefield has added six veteran brokers from CBRE to expand its investment-sales services in Northern California.

Yelp, Monster Find New Headquarters in CA

SAN FRANCISCO-Yelp signed a lease for 100,000 square feet at a downtown building here, and Monster Beverage has purchased a building in Corona, CA for a new HQ.

TMG to Break Ground on $54M Emeryville Apartment Project

EMERYVILLE, CA-TMG Partners and Essex Property Trust are planning to break ground on a 190-unit apartment building in Emeryville.

Macy's Buys Portion of West Coast Flagship Store for $115M

SAN FRANCISCO-Macy's has purchased a portion of its flagship store on the West Coast for $115 million.

John Muir Takes 144,000 SF at 1450 Treat Blvd.

WALNUT CREEK, CA-John Muir Health will open a new outpatient center in Walnut Creek at the end of 2013.

Construction Begins On $284M Replacement Hospital

SANTA ROSA, CA-The foundation and steel framework have been started on the new, 182,300-square-foot Sutter Medical Center, which is replacing the facility originally built in 1938.

UPDATE
19-Story Nob Hill Multifamily Fetches $80M

SAN FRANCISCO-Grosvenor Suites, a 205-unit high-rise apartment building, sells to Bridge Capital Partners, a unit of Friedkin Realty Group, which plans to reposition the property as luxury apartments.

Fairmont San Francisco Hotel on Nob Hill Trades for $200M

SAN FRANCISCO-A subsidiary of Oaktree Capital Management LP and Michael Rosenfeld and his company, Woodridge Capital Partners LLC, have completed the acquisition of Fairmont San Francisco Hotel on Nob Hill.

High Tech Drives Office Fundamentals

SAN FRANCISCO-A recent sector report from Jones Lang LaSalle shows new tech-oriented submarkets emerging around the US and Canada.

TMG, Alcion Acquire 182,000-SF Hamm’s Building

SAN FRANCISCO-The new owners anticipate investing $15 million in upgrades to the historic property.

Advertisement

LAST WEEK'S POLL

Penner, Mirante, D'Arcy . . . High-Level Resignations Mean . . .

GlobeSt.com Viewers See More C-Suite Turnover
NEW YORK CITY-Nearly two-thirds of respondents to a GlobeSt.com poll said recent high-level resignations either portend more to come or prove that the industry needs to work on succession planning.

LOCATE A SERVICE

Events

Register now for RealShare ORANGE COUNTY 2012--the leading real estate networking conference for the local commercial real estate market!
more

Featured Event
RealShare STUDENT HOUSING


We've gathered 50 of the biggest players in the Student Housing community to discuss the latest trends of the industry: everything from marketing and leasing to what industry leaders have to say to debt and equity to investment sales opportunities.
more details

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

December 07
November 23, 2011
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.

Advertisement

User's Choice

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.

San Francisco Real Estate
Exquisite luxury homes, houses and real estate.
Find San Francisco Apartments at ForRent.com.