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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.
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.
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.
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.
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.”
Clarion Partners and LPC West have acquired 215 Fremont, an eight-story office building with multiple roof decks and 45,000-square-foot floorplates within its approximately 360,000 square feet.
Amazon is expanding its Austin Tech Hub with plans to create 800 new tech jobs in the process, which will necessitate a move into a new 145,000-square-foot office in The Domain in 2020.
A mega-office sale consisting of 2100 Franklin St., 2101 Webster St. and 1900 Harrison St. near Lake Merritt, along with a parking structure at 2353 Webster St., sell to Starwood for more than $510 million.