Two San Francisco Hotels Trade for $47.8M

By Noel Bigay, Costar Group LaSalle Hotel Properties (LHO), a leading real estate investment trust company, acquired the Harbor Court Hotel & Hotel Triton, both located in San Francisco, CA, for $47.8 million. The company funded the transaction with borrowings from its Senior Unsecured Credit Facility. The 131-room, Harbor Court Hotel is located at 165 … Continue reading Two San Francisco Hotels Trade for $47.8M

Hall Equities Lifts $23 Million at Walnut Creek Fitness Center

By Bianca Torres, Reporter, San Francisco Business Times Hall Equities Group sold off a recently-built 24 Hour Fitness Super Sport facility in Walnut Creek for $23.08 million or about $529 per square foot. The 43,602-square-foot building sits on 3.5 acres at 2800 North Main St. and houses 24 Hour as the single tenant with a … Continue reading Hall Equities Lifts $23 Million at Walnut Creek Fitness Center

San Francisco’s Industrial Vacancy Decreases to 7.0%

  By Bryce Meyers The San Francisco Industrial market ended the second quarter 2013 with a vacancy rate of 7.0%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 440,708 square feet in the second quarter. That compares to positive 49,875 square feet in the first quarter 2013. Vacant sublease … Continue reading San Francisco’s Industrial Vacancy Decreases to 7.0%

Patrick Kennedy Sells Micro-unit Building for $7.5M

By Bianca Torres, Reporter, San Francisco Business Times Developer Patrick Kennedy just sold his first San Francisco micro-unit project at 38 Harriet St. for $7.5 million or $326,088 per unit to FRE 398 LLC, a local investor. The 23-unit building drew numerous offers including bids from overseas buyers after hitting the market in June. The … Continue reading Patrick Kennedy Sells Micro-unit Building for $7.5M

Tishman Speyer Pounces on Another Downtown S.F. Condo Site

 By J.K Dineen, Reporter, San Francisco Business TImesA month after breaking ground on a $620 million, two-tower highrise project at 201 Folsom St., Tishman Speyer is already lining up its next downtown San Francisco housing development.The New York-based developer, which is currently building office and condo projects in and around the south financial district, has … Continue reading Tishman Speyer Pounces on Another Downtown S.F. Condo Site

Kaiser Permanente Will Pay $55.2 Million for Mission Bay Office Site

By J.K Dineen, Reporter, San Francisco Business Times Kaiser Permanante will be a property owner rather than a tenant in San Francisco’s Mission Bay. The health care behemoth has agreed to pay $55.2 million to buy a parcel of land at 1600 Owens St., a property that is entitled for a 264,000 square foot building. … Continue reading Kaiser Permanente Will Pay $55.2 Million for Mission Bay Office Site

Office Developers’ Confidence Spurs Rash of Building on Spec

By J.K Dineen, Reporter, San Francisco Business Times Technology leasing may have cooled off a bit in the first half of 2013, but San Francisco’s office building developers are just warming up. At a time when leasing velocity has slowed to a three-year low, a well-capitalized roster of institutional builders, both local and national, is … Continue reading Office Developers’ Confidence Spurs Rash of Building on Spec

Yahoo Finalizes Big Lease at Chronicle Headquarters

Yahoo will announce Thursday that it has finalized a deal to move into The Chronicle headquarters, establishing a larger and more visible presence for the Internet pioneer in San Francisco. The company specifically intends to build up its engineering staff at the new office. Yahoo signed a 5-year, approximately 70,000-square-foot lease, allowing the Sunnyvale online … Continue reading Yahoo Finalizes Big Lease at Chronicle Headquarters