SAN FRANCISCO—In fall 2014, Columbia bought 650 California from Tishman Speyer and Prudential Real Estate Investors for a total purchase price of $309 million and is rehabbing it for today's user.

SACRAMENTO—The California Supreme Court's opinion said an expansion would tend to complicate a variety of residential, commercial and other projects beyond what a fair reading of the statute would support, which is good news for the development community.

SCOTTSDALE, AZ— Broadstone Waterfront, the four-story, 259-unit luxury community, was recently awarded LEED-H Platinum Certification, marking Alliance's third development nationwide to achieve this level of certification.

PHOENIX—ViaWest Group's founding partner Steven Schwarz finds playing poker is more than a hobby and shares how it is more like commercial real estate than one might think in this <b>EXCLUSIVE</b> Q&amp;A.

SCOTTSDALE, AZ—Meanwhile, another 1.5 million square feet of office product is now actively in development, as tech and healthcare companies seek employees.

PHOENIX—Arizona Center is a class-A mixed-use campus spanning 1 million square feet-plus, and comprised of two 20-story office towers, low-rise office and open-air retail space, a 3.5-acre urban garden, a 24-screen AMC movie theatre and 3.341 acres of vacant land, all set on a 16-acre superblock site.

SAN FRANCISCO—By raising the rate for the first time since 2006, the Fed has finally expressed its confidence in economic growth, potentially opening the door to increased consumption and business investment, says Marcus &amp; Millichap research services.

SAN FRANCISCO—The Hibernia Bank building at One Jones Street had been abandoned since 1985, standing vacant for 30 years until it was acquired by Dolmen in 2008.