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News
A closer look: Office spaces filling up in the Bay Area
2+ mon, 2+ day ago (98+ words) After a long downturn started during the pandemic lockdown, Bay Area office spaces are getting filled up thanks largely to tech companies. Scott Budman reports. Latest data shows office vacancies are dropping all over the Bay Area as companies -- from…...
Prado Group, Presidio Bay Exit Deal For San Francisco Centre Mall
2+ mon, 4+ day ago (633+ words) San Francisco developers Prado Group and Presidio Bay Ventures are walking away from a pending deal to purchase the shuttered San Francisco Centre Mall, sending the 1.5M SF Market Street property back to the sales market. “After extensive diligence and thoughtful…...
AAA Grabs Walnut Creek Office Block Across From HQ
2+ mon, 4+ day ago (162+ words) The California State Teachers’ Retirement System (CalSTRS) bought Pacific Plaza in 2002 for about $57 million, according to historical commercial real estate reporting. AAA’s $37.5 million price tag is a notable step down from that earlier, pre-pandemic valuation. The gap underscores how suburban…...
Midtown San Jose Apartment Hub Sells In $105 Million Shakeup
2+ mon, 2+ week ago (443+ words) A 218-unit apartment complex in San Jose’s Midtown just changed hands for more than $105 million, a price tag that keeps the property firmly in the big leagues of Silicon Valley real estate. Holland Partner Group has acquired Meridian at Midtown,…...
East Bay tech and industrial buildings land buyer
6+ mon, 2+ week ago (232+ words) FREMONT — Two East Bay tech and industrial buildings were purchased by a real estate and investment firm in deals that show there is still some confidence in Bay Area commercial sites despite a difficult market. Ares Management, acting through an…...
ArtHaus, Belay Expand into San Francisco with Nob Hill Acquisition
3+ mon, 1+ week ago (414+ words) Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations…...
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…...
ArtHaus Partners and Belay Investment Group Expand into San Francisco with Acquisition of The Terraces for $25M
3+ mon, 1+ week ago (108+ words) The Terraces Apartments, Nob Hill, San Francisco, CA Transaction Details and Business Plan: ArtHaus was well-equipped to execute on the acquisition of the Terraces. ArtHaus has been tracking this rare San Francisco value-add opportunity since early 2024 and has developed a…...
Swiss Insurance Giant Snaps Up Jackson Square Office Gem for $32.8M
4+ mon, 1+ week ago (129+ words) As reported by the San Francisco Business Times, Zurich Alternative Asset Management LLC was the buyer and paid $32.8 million for the property. The outlet noted that the sale involved Grosvenor Americas, which had owned the building since 2016. Neither Zurich nor…...
Rincon Hill Luxury Tower Snapped Up in $174M Bet on Soaring Rents
4+ mon, 1+ week ago (320+ words) The Towers at Rincon, a luxury high-rise crowning Rincon Hill, quietly landed in new hands this week in a deal that shows how quickly big money is flowing back into San Francisco’s top-tier rental market. The waterfront building at 88 Howard…...