Breaking News

Governor Newsom Signs Rent Cap

Lisa Brown |

Statewide rent cap, AB 1482 by Assemblyman David Chiu, D-San Francisco, will place an annual 5% plus CPI cap on rent increases and create new standards for evictions across California.

News

Newsom Expects to Sign Rent Cap

Lisa Brown |

Assembly members voted 46-22 to limit annual rent increases at 5% plus inflation until 2030 but would not apply to housing built in the last 15 years, single-family homes not owned by corporations/trusts and duplexes where the owner lives in one unit.

News

ShopOne Sheds Midwest Shopping Centers to Albanese Cormier Holdings

Natalie Dolce |

The REIT plans to use proceeds from the nine centers to advance strategy of acquiring shopping centers located in the top-50 MSAs.

Developers Get Full Go-Ahead for 88 Bluxome

Lisa Brown |

The proposed 1.07 million-rentable-square-foot mixed-use development project at 88 Bluxome St. is the first within the Central SoMa Plan to be fully approved and receive its full Prop M allocation.

News

Amazon Tower is a Go in Bellevue

Lisa Brown |

A 43-story Amazon tower would be constructed on one side of the $195 million Bellevue Corporate Plaza that Amazon purchased in April.

News

Upon Closing, 55 Second St. to Command $1,054 PSF

Lisa Brown |

Paramount has entered into an agreement to acquire 55 Second St., a 387,000-square-foot trophy office building located in San Francisco’s South Financial District, for approximately $408 million or $1,054 PSF.

News

Apple Makes Good on Expansion Promise

Lisa Brown |

The tech giant signed a lease for office space at 333 Dexter, a 660,000-square-foot development in the South Lake Union neighborhood being built by Kilroy Realty Corp.

News

Transbay Corridor Capacity Program Funding Awaits Approval

Lisa Brown |

The Transbay Corridor Core Capacity project will receive a fiscal year 2018 funding allocation of $300 million through the US Department of Transportation’s Capital Investment Grants program.

News

Burlingame Point Gets $515M Construction Financing

Lisa Brown |

Kylli Inc. has obtained construction financing for Burlingame Point, a new 803,000-square-foot office campus that is fully leased to Facebook Inc. for occupancy by Oculus, Facebook's virtual reality company.

Features

Dissident Investor Bow Street Turning Up Heat on Mack-Cali for Sale of Office Portfolio and Board Shake-Up

Steve Lubetkin |

Bow Street’s letter says it strongly believes that the Mack-Cali board’s perfunctory response “suggests an alarming lack of commitment to good governance and long-term stockholder value, as well as an unwillingness to explore value-maximizing opportunities following years of company underperformance.”