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At a sale price of $227 million, this asset appreciated to nearly 10% of the portfolio, closing at more than two times the acquisition cost at near record pricing for the San Francisco market.
The joint venture ownership is between CIGNA Investment Management and the Muller Company, which recently acquired the 103,622-square-foot six-story Century Plaza at a purchase price of $63.4 million.
Gadsden Growth Properties Inc. acquired the mixed-use ground-up development that includes 158 residential apartment units and 53,900 square feet of retail space for a combination of cash and stock.
In a rare move, the judge threw out all of San Francisco Waterfront Partners' breach of contract claims for 8 Washington, essentially deciding phase two in favor of Golden Gateway without sending it to the jury.
Clarke assumes responsibilities for the commercial services business in offices in California, Arizona, Colorado and Washington after a successful three decades of service at Transwestern.
Mixed-use projects are appealing to residents in the Bay Area because those developments combine housing with amenities and conveniences, along with proximity to jobs, transportation and services.
With 2.6 million people, almost half of Bay Area adults, using a KQED service each week, the KQED board of directors decided to renovate its building at 2601 Mariposa to allow for future growth in years to come.
Whitman Peterson led a dedicated capital commitment of $115 million focused on acquiring and redeveloping properties for AutoCamp's expansion, including AutoCamp Yosemite.
The acquisition of 350 Rhode Island presented a compelling opportunity to participate in a robust and technology-centered office market, and do so with an attractive yield and at below-replacement basis.
215 Fremont, the 427,393-square-foot class-A office building, sold last week to Clarion Partners for $335.5 million, the largest real estate sale since 2017.