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Etkin Johnson acquired the 19 properties, which range in size from 26,078 square feet to 293,510 square feet, between 1990 and 1998. The portfolio was 93% leased at the time of the sale.
The 750,000-square-foot office building at 2201 Valley will include 10,000 square feet of retail and arts spaces, occupying a full city block between Telegraph Avenue, Valley, West Grand Avenue and 22nd Street.
San Mateo County is one of the hottest residential and commercial markets in the country as evidenced by the strong demand for the existing office and multifamily properties such as the Morgan at Bay Meadows.
The initiatives include seeding a real estate investment in Oakland, anchoring a $100 million national loan fund for affordable housing and kicking off a plan to end homelessness for 500+ Oakland residents.
A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased three class-A seniors housing properties totaling 253 units in suburban Seattle and Northern California free and clear of existing financing.
Since 2012, Kennedy Wilson grew the ADR by 63% and per-room revenue by 100% at the Ritz-Carlton Lake Tahoe through capital and operational improvements including culinary, year-round and outdoor offerings.
While California owners and managers of electric vehicle charging stations are providing a much-needed service to guests, many are unaware that a certain number of them must be accessible to the disabled.
Reports of investors' concerns regarding CEO Adam Neumann's owning properties leased to WeWork has not slowed down the flexible office space provider's expansion.
STC Venture LLC is developing CityLine Sunnyvale, a master-planned pedestrian-oriented mixed-use district that will feature new residences, shopping, entertainment options and office space.