Transbay project in $300 million hole Sa

Transbay project in $300 million hole San Francisco's Transbay Transit Center, the so-called Grand Central station of the West that's now just a deep hole in the ground, will cost $300 million more than anticipated, Bay Area transportation officials were told Wednesday. And that financial hole could grow deeper, cautioned Steve Heminger, executive director of … Continue reading Transbay project in $300 million hole Sa

Google Said to Expand San Francisco Space

Google Said to Expand San Francisco Space in Lease Deal Google Inc. (GOOG) agreed to expand its San Francisco office space at Morgan Stanley’s Hills Plaza building in what would be the city’s biggest lease transaction of 2013, according to a person with direct knowledge of the deal. The planned 10-year lease for 350,000 square … Continue reading Google Said to Expand San Francisco Space

JP Morgan shells out $103M for Dublin Corporate Center

By Blanca Torres, Reporter, San Francisco Business Times In the largest East Bay office sale this year, JP Morgan Chase & Co. paid $102.75 million or about $247 per square foot to buy Dublin Corporate Center, a 440,000-square-foot, three-building office complex in Dublin. The seller in the deal, reported by research firm Real Capital Analytics, … Continue reading JP Morgan shells out $103M for Dublin Corporate Center

Ritz-Carlton San Francisco Trades for $161M

By Bruce Meyers, Costar Group Thayer Lodging Group, an Annapolis-based hotel investment company, acquired the 338-room Ritz-Carlton San Francisco from Host Hotels and Resorts, Inc. for $161 million, or about $476,000 per room. The acquisition marks the first investment of Thayer Lodging Group's new fund, Thayer Fund VI. Thayer intends to invest approximately $17 million in … Continue reading Ritz-Carlton San Francisco Trades for $161M

With Kaiser deal, Alexandria is on a Roll in Mission Bay

By J.K Dineen, Reporter - San Francisco Business Times After a bit of a slump, Alexandria Real Estate Equities has bounced back with a vengeance in Mission Bay. San Francisco Business Times health care reporter Chris Rauber reported today that Kaiser Permanente has abandoned its proposed medical office building on 16th Street, a project that … Continue reading With Kaiser deal, Alexandria is on a Roll in Mission Bay

Crescent Heights Seeks to go Much Higher at its Transbay Site

By J.K Dineen, Reporter - San Francisco Business Times   Crescent Heights is seeking to nearly double to 44 stories the height of an approved downtown residential tower on Howard Street, erecting a picture at the site along with the words "coming soon." The proposed slender tower is designed by Glenn Rescalvo of Handel Architects, … Continue reading Crescent Heights Seeks to go Much Higher at its Transbay Site

Hamm’s Building Lands McNaughton’s Salumeria

By J.K Dineen, Reporter - San Francisco Business Times   Star chef Thomas McNaughton is taking his Salumeria concept to the Hamm’s Building. TMG Partners has signed a lease with Salumeria, a deli and larder from the Ne Timeas Restaurant Group, to the lobby space of the Hamm’s Building at 1550 Bryant Street on the … Continue reading Hamm’s Building Lands McNaughton’s Salumeria

Vote Clears Way for Strada’s Mission Bay hotel, Condos

By J.K Dineen, Reporter - San Francisco Business Times Strada Investment Group is gearing up to construct 350 residential units and a 250-room hotel across Lefty O’Doul Bridge from AT&T Park after the San Francisco Board of Supervisors amended the Mission Bay redevelopment plan to allow the project to move forward. The amendment entitles Strada … Continue reading Vote Clears Way for Strada’s Mission Bay hotel, Condos

American Eagle Lands in San Francisco

By J.K Dineen, Reporter - San Francisco Business Times American Eagle Outfitters has opened an office in San Francisco’s south Financial District, the latest example of brick-and-mortar retailers migrating to the Bay Area to bolster online sales operations. The Pittsburgh-based company leased over 9,000 square feet at 49 Stevenson St. JD Lumpkin and Sam Wasserstein … Continue reading American Eagle Lands in San Francisco