X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO—Airbnb‘s corporate headquarters, a 445,000-square-foot, class-A office building located at 888 Brannan St. in San Francisco’s South of Market submarket has been acquired by TIAA-CREF, a financial services organization and manager of institutional tax-exempt real estate assets. In a joint venture with partner, Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, Norges Bank has acquired a 49.9% stake while TIAA-CREF will own a 50.1% interest and manage the property on behalf of the partnership.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.