San Francisco

With apartment demand rising, a vacancy rate near or below 4% and regional unemployment at its lowest level since late 1990s, many investors are investing in fully renovated core assets in core markets.

The arrival of 300 Grant Ave., the first ground-up retail and office development in Union Square in 30 years, is one of the most highly anticipated opportunities with 180 feet of trophy retail frontage.

The sale of Parkway Center, a two-story 71,742-square-foot office building that is 100% occupied, may pave the way for a potential redevelopment to multifamily, say sources close to the transaction.

In the second of a two-part <b>EXCLUSIVE</b>, Josh Roden, Brookfield Residential, discusses the co-working spaces in the Rec Center, café/kitchen and sustainability features of the Boulevard project.

In the first of a two-part <b>EXCLUSIVE</b>, Josh Roden, Brookfield Residential, discusses how homebuyers seek amenities that respond to smart, urban home designs that build relationships.

The portfolio was purchased by an institutional investor for $57 million and was encumbered by CMBS debt, but selling it intact circumvented defeasance penalties that would have been triggered by carving up.

Historically, San Francisco has had the highest rental rates in the country, and two opposing ballot measures threaten to increase average annual rates for office space by $1.25 to $2.50 if passed today.

Kilroy Realty Corporation has signed new or renewing leases on approximately 945,000 square feet at several of its stabilized properties during the past month, spanning three of the company's four major markets: San Diego, Seattle and San Francisco.