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The deal for the 23-building complex calculates out to $280,978 per unit, according to Marcus & Millichap, which announced the transaction. The property, which was constructed in 2006, was sold free and clear of existing debt.

The national insurance company takes two floors at H.J. Kalikow & Co.'s office building.

Nina Mattis vice chair and chief legal officer of the publicly traded REIT that focuses on ground leases is retiring.

The seven-story 939 Ellis, which Seavest Healthcare Properties acquired in June 2018 for $49 million, consists of 87,189 square feet of rentable office space, and 53 parking spaces. The acquisition marked Seavest's entrance into the San Francisco real estate market.

The eighteen story building will contain 250 market rate multifamily residential units, 150 senior affordable multifamily residential units, 19,000 square feet of street level retail and over 600 parking spaces.

With this lease, the REIT will have leased 80% of the space vacated by Blank Rome law firm.