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A six-building office and R&D campus totaling 313,740 square feet, the Fujitsu Campus, has been sold for $104 million, and offers a rare repositioning opportunity as Fujitsu phases out of the campus next year.
Overall, rent collections remain strong and well-capitalized investors are expanding portfolios by taking advantage of the historically low interest rate options on new loans.
San Francisco echoes many US markets in the dichotomy of upper-end product versus entry-level housing, with single-family prices rising 5.2% to $1.66 million from $1.5 million last year, according to Compass.
New York developer Michael Shvo and Deutsche Finance America along with German pension fund Bayerische Versorgungskammer completed a previously announced acquisition from Aegon NV.
Fifteen Fifty located at 1550 Mission addresses the new normal and its features adapt to the needs of residents in a variety of ways including pods outfitted with noise control and desks along with reservable conference rooms.
300 Lakeside's buyer is a venture led by San Francisco-based TMG Partners, which entered into a long-term lease with Pacific Gas & Electric Company to relocate the utility's headquarters from San Francisco.
Accelerated construction timetables from San Francisco and Los Angeles to New York meant major infrastructure projects were completed weeks and months ahead of schedule.