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The entitlement process started well before the opportunity zone legislation was contemplated, and now India Basin is the only opportunity zone site in San Francisco that is ready to go with Shipyard's delay.
More than 30 industrial sites in the largest markets of California and Texas can be repositioned or redeveloped into numerous uses with in-place zoning or anticipated rezoning, says the CBRE leasing team.
Within a refined target of select submarkets, Meridian has a specific investment size, which will vary based on the quality of opportunities, but most investments will be in the $10 million to $75 million acquisition price range.
Upon completion, the Catalyst development will comprise three newly built class-A office buildings with two parking structures and one original class-B office building near Apple, Google, LinkedIn and Amazon.
Typically the first quarter can be on the slower side with activity picking up in the second and third quarters, which is expected this year with expectations that several large deals have already or are about to be signed.
The area has been home to a good amount of new development and property revitalization in recent years, along with a Trammell Crow multifamily project and the headquarters of Airbnb, Zynga and Pinterest.
Equity Residential has submitted plans to add 25 below-market rate apartments to its Reserve at Mountain View Apartments because the community has none among its 180 apartments at this time.
The partnership brings together Stanford's academic and institutional resources along with Cushman & Wakefield's industry-specific knowledge and expertise.
California is the most deeply affected wildfire state with an estimated economic impact of $85 billion, stemming from tax revenues of affected businesses, tourism and federal wildfire-suppression costs.