OceanwideCenter's 910-foot tower will be accompanied by a 605-foot secondarybuilding (credit: Webcor Builders).
SAN FRANCISCO—The year is barely underway and anotherbillion-dollar-building is heading to the sold column. The city'ssecond-tallest building, Oceanwide Center at 50 First St., is saidto have transferred ownership to yet another Beijing owner, SPFCapital International Ltd.
Oceanwide Holdings said it approved the $1 billion sale of theasset under construction, making this one of the largest deals inSan Francisco's history. Dwarfed only by the Salesforce Tower, thebuilding is one of the last unfinished pieces of the Transbaypuzzle.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
