San Francisco

A $288.8 million construction loan was recently obtained for MIRO, a pair of 28-story luxury apartment towers comprising more than 600 residences and 20,000 square feet of retail and commercial space in San Jose, due for completion in 2020.

Prospects for Bay Area real estate markets have shifted significantly, whereby San Francisco's ranking falls from 10th to 27th and Oakland goes from 14th to 20th, while San Jose jumps from 17th to eighth place.

In a market where there is obviously very little for-sale product, an office property adjacent to Airbnb's headquarters is snapped up in an off-market transaction by an investor that previously purchased 555 DeHaro St.

In this <b>EXCLUSIVE</b>, Diane Vrkic, founder and CEO of Waypoint, believes that a 1% decrease across all US commercial real estate operating expenses can create more than $105 billion in additional CRE value.

Central Valley's new CFO, Bill Robertson, plans to seek out ways to improve operating margins, build and develop metrics, and better utilize analytics to identify opportunities within the business, he says in this <b>EXCLUSIVE</b>.

PGIM Real Estate Finance provided two new loans totaling $275 million to refinance Trinity Place phases 1 and 3 in downtown, bringing PGIM's total exposure to $348 million.

Corbion signs a lease within Genesis South Tower bringing it to full capacity, and the first phase of Oyster Point's development is underway, which will include an improved Bay Trail and additional public open space.

In this <b>EXCLUSIVE</b>, Mike Sroka discusses how he identified a need for tracking deal flow, and centralizing documents and tasks, which reduces risk and enhances portfolio monitoring.