SAN FRANCISCO—As GlobeSt.com reported Thursday, 225 Bush St.has changed hands. In an update to that story, welearned that Kylli Inc., a Chinese developmentfirm backed by Genzon Group and its principal, isnow the majority joint venture partner in the sale transaction.
Flynn Properties and GEM RealtyCapital were the JV sellers. Flynn Properties will remainan investor in the new joint venture as well as the propertymanager and leasing agent for 225 Bush Street.
Steven Caravelli, an agent at ColdwellBanker Commercial NRT served as one of the brokers on thedeal. He tells GlobeSt.com that he has seen interested in theoffice market here from all types of investors to either break intoor increase their holdings in the financial and SOMA districts ofthe city. “As you have seen rental rates are steadily rising forclass A and class B spaces. I believe the sellers of 225 Bush wereplanning to formally come to market this year and our transactionfit their needs and expectations with minimum disturbance.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
