Investors are diversifying their portfolios by adding affordable properties to the mix, says Berkadia's Ernie Katai.

The a California-based buyer acquired the property for $34 million and secured a $27 million acquisition loan.

A tenant in the Fisher Brothers' building since 1983, the diplomatic representative is staying in the Plaza District tower for another 17 years.

Alameda Point Partners has completed demolition of the 30-acre Site A parcel of the former air station and is 50% complete with construction of the infrastructure to include parks as well as a ferry terminal.