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The Real Deal is the leading source for real estate news and information. Covering the deals, developments and policies that matter.
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News
Insurance commissioner race touches down in San Francisco
5+ mon, 19+ hour ago (512+ words) Plus: Blurred lines on hotel market also in the news for Bay Area this week What might be a benchmark of success for California’s next insurance commissioner? For state Sen. Ben Allen, one of eight candidates in the relatively high-profile…...
Adult entertainment mogul buys building once at center of FBI probe into city corruption
2+ mon, 3+ day ago (492+ words) A Mission District office building once caught up in a San Francisco government corruption scandal has a new owner who’s no stranger to the city’s commercial market. An entity tied to Peter Acworth, founder of adult entertainment website Kink.com,…...
Blackstone picks up Hyatt Regency San Francisco for $279M
2+ mon, 2+ week ago (461+ words) Refurbished Embarcadero landmark adds to a growing hotel portfolio in Bay Area Blackstone has bought the Hyatt Regency San Francisco for $279 million, adding to its growing hotel portfolio in the capital of artificial intelligence. The New York-based investor purchased the…...
This time, San Francisco’s office boom is flowing south
2+ mon, 2+ day ago (615+ words) AI-fueled recovery has flipped an old pattern San Francisco’s office leasing boom shows no signs of slowing down, and its effect on the greater region — especially Silicon Valley — is accelerating. Artificial intelligence’s southward expansion has helped Silicon Valley’s vacancy fall…...
Kaiser’s plans for new 761K sf hospital in SF’s Anza Vista come into focus
3+ mon, 1+ week ago (476+ words) Kaiser Permanente has recently filed permits for a proposed replacement hospital in San Francisco’s Anza Vista neighborhood. The Oakland-based health care system is looking to replace its 1954-built San Francisco Medical Center campus at 2190 O’Farrell Street with a new 266-foot-tall…...
Paceline moves deeper into San Jose office market with $33M buy
3+ mon, 1+ week ago (503+ words) Paceline Investors is adding to its San Jose commercial property collection. An affiliate of the San Francisco-based investor acquired the two-story building at 350 East Plumeria Drive for $33 million, the Silicon Valley Business Journal reported. Galaxy Properties sold the structure four…...
Touch of Bay: Former Grateful Dead studio in San Anselmo hits market
3+ mon, 2+ week ago (266+ words) Mountain biking godfathers Gary Fisher and Charlie Kelly once lived there A Marin County home with a lengthy music history is on the market for the first time in more than a decade. The home at 1405 San Anselmo Avenue in…...
AI boom pushes San Francisco median home prices north of $2M
5+ mon, 4+ day ago (278+ words) Supply-demand gap “continues to pressurize the market,” researcher says San Francisco’s housing market has reached new heights, driven by an artificial intelligence boom that has pushed median home sales price to $2.15 million — a new record representing an 18 percent increase from…...
eBay leaves San Francisco office and consolidates in San Jose
4+ mon, 3+ week ago (227+ words) Nearly 200 workers will relocate, leaving behind 30K sf of space Online auctioneer eBay will shutter its 30,000-square-foot office at 300 Mission Street in San Francisco and move the onsite staffers to San Jose, according to paperwork filed with state officials. The tech…...
Freeway-fronting hillside in Visitacion Valley poised for mixed-income multifamily development
3+ mon, 2+ day ago (200+ words) Three-building, 45-unit project proposed as city faces dearth of new housing supply A property owner in San Francisco’s Visitacion Valley neighborhood is looking to turn a narrow parcel overlooking the freeway into several dozen apartments. The San Francisco Planning Department…...