San Francisco

The Mira site was previously known as Block One of the Transbay redevelopment plan, now known as the Transbay neighborhood, with access to the waterfront, the Salesforce Park and Transit Center.

500 Pine is one of the newest office developments in the North Financial submarket, and got almost immediate attention from investors, recently selling to Heitman LLC.

This was an off-market transaction from a seller also occupying the building at 3689 Industrial Blvd. but it was not the right fit, thus facilitating the opportunity for Bendetti Company to acquire the asset.

A quality ownership structure led to a financing process that attracted a variety of domestic and foreign capital providers, including PGIM which ultimately won out with aggressive terms and rent control knowledge.

Real estate investors use 1031s or like-kind exchange strategies to maintain strong portfolios, apply more capital towards current real estate opportunities and maximize tax savings.

Currently, San Francisco tenant demand of 7.6 million square feet outpaces availability at 7.4 million square feet, mainly in the large user category, and absorption should remain strong for the remainder of the year.

More US building owners and investors can turn energy waste from existing assets into guaranteed, bankable revenue streams, thereby gaining substantial financial upside while cutting carbon emissions.

The renovated iconic Art Deco-designed Breuner Building is attractive draw for tenants, such as WeWork, seeking space that combines architectural authenticity with modern design and technology.