San Francisco

Blu Harbor, a 402-unit multifamily community in Redwood City, has sold for $325.6 million to GID, a Boston investment firm, by the partnership of Pauls Corporation and Fortress Investment Group.

The facility, which will serve families in a traditionally low-income neighborhood, will open next year in Avenue Center, a community resource center across from Moody Park that is being developed by Avenue.

The annual Bike to Hope ride draws attention to the keynote dinner in November and both events benefit City of Hope, a research/treatment center for cancer, diabetes and life-threatening diseases.

The two buildings of TL 361 located at 361 Turk and 145 Leavenworth streets will be San Francisco’s first privately owned and financed buildings that offer means-tested rent controls for workforce housing.

Vertical construction has begun on the creation of 266 residences and some 72 acres of parks, beaches, and hiking and biking paths, as part of an approximately $1.5 billion development on Yerba Buena Island.

Alexandria Real Estate Equities and TMG Partners recently bought the vacant property at 945 Market St. and future plans were undisclosed but Alexandria says it looks forward to securing a mixed-use project with a strong retail presence.

The mixed-use building at 147 E. Santa Clara St., dubbed The Icon, will be aimed at residents seeking a blend of the urban environment offered by Silicon Valley while providing access to public transportation options.

A check for $107,000 was recently presented to the Boys & Girls Clubs of North San Mateo County by the Sares Regis education and community foundation for a technology and infrastructure upgrade to the center.