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

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

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