One of San Francisco’s most active developers pitches 2 more condo projects near Mid-­Market

By Roland Li: Reporter for San Francisco Business Times Trumark Urban, one of the most active residential developers in San Francisco, is moving forward with two more condo projects near the rapidly changing Mid-Market corridor. The developer plans to break ground later this year on 109 condo units at 1554 Market St. after getting approvals from … Continue reading One of San Francisco’s most active developers pitches 2 more condo projects near Mid-­Market

Rincon Hill Sale Confirmed at $410MM

Posted on August 12, 2015 by publisher in Commercial, Finance, INDUSTRY news,Residential Last month, the San Francisco Business Times reported that a partnership between the Rockpoint Group and Maximus Real Estate Partners was in the process of purchasing the 298-unit luxury residential tower at 401 Harrison Street. The public documents today confirm the sale closed … Continue reading Rincon Hill Sale Confirmed at $410MM

Pinterest grabs fourth SoMa office with 150,000­ square-­foot lease

By Roland Li: Reporter for San Francisco Business Times Pinterest, the growing image­-sharing tech company, has signed a lease for the entire 150,000­ square-­foot office development at 505 Brannan St. in what will be its fourth office in a half-­mile stretch in South of Market. A joint venture of Alexandria Real Estate Equities (NYSE: ARE) … Continue reading Pinterest grabs fourth SoMa office with 150,000­ square-­foot lease

Developer adds 120 apartments to wave of housing hitting S.F.’s Van Ness corridor

By Cory Weinberg: Reporter - San Francisco Business Times San Francisco-based developer Build Inc. wants to keep pumping the waves of housing hitting the Van Ness corridor in anticipation of new public transit upgrades and the construction of a major hospital. Build Inc. just filed a proposal to construct a new 14-story, 120-unit apartment building at … Continue reading Developer adds 120 apartments to wave of housing hitting S.F.’s Van Ness corridor

Exclusive: Developers plot rooftop restaurant in revamp of Union Square building

By Annie Sciacca: Reporter for San Francisco Business Times A new rooftop restaurant could be headed to Union Square. San Francisco-based Axis Development Group has purchased the building at 340 Mason St. and has big plans for its redevelopment, including an exterior renovation and the addition of a 5,000-square-foot rooftop restaurant. Axis Development’s managing partners, Theo … Continue reading Exclusive: Developers plot rooftop restaurant in revamp of Union Square building

Apple dives into SoMa for first big S.F. real estate grab

By Cory Weinberg: Reporter for San Francisco Business Times The San Francisco office market may get its first big bite of Apple. Apple Inc. (NASDAQ: AAPL) reached an agreement to rent about 76,000 square feet of office space in the South of Market neighborhood’s 235 Second St., several real estate sources in San Francisco and … Continue reading Apple dives into SoMa for first big S.F. real estate grab

San Francisco Mid-Market Office Portfolio Up for Sale

By Nancy Amdur With San Francisco’s Mid-Market neighborhood seeing much new development, an office portfolio at 1340-1370 Mission St. was recently put on the market, touted as a redevelopment opportunity. The Mid-Market district is “one of the most dynamic neighborhoods in San Francisco right now,” said Kyle Kovac, senior managing director at commercial real estate … Continue reading San Francisco Mid-Market Office Portfolio Up for Sale

With Chinese backing, S.F.’s only new North Financial District tower finally rises

By Roland Yi: Reporter for San Francisco Business Times When 350 Bush St. opens in 2017, it will be the first new office building built north of Market Street in almost two decades, and possibly the last in the filled-up Financial District. Developer Lincoln Property Co. weathered the economic downturn after acquiring the site in 2007, … Continue reading With Chinese backing, S.F.’s only new North Financial District tower finally rises

Shorenstein Recapitalizes San Francisco’s Market Square for $900MM, Retains 2 Percent Interest

By Jon Peterson New York City-based J.P. Morgan Asset Management has put under contract the recapitalization of the 1.1 million square foot Market Square two-building office and retail property in San Francisco for around $900 per square foot or $900 million, according to sources aware of the transaction. J.P.Morgan did not respond to an e-mail … Continue reading Shorenstein Recapitalizes San Francisco’s Market Square for $900MM, Retains 2 Percent Interest

Kennedy Wilson Grows Portfolio in Sacramento with $100MM Buy and More Than Tripling of Another Asset

By Jon Peterson Beverly Hills-based Kennedy Wilson has increased its acquisition efforts in Sacramento with the $100 million purchase of the 612-unit Slate Creek at Johnson Ranch asset located at 1751 East Roseville Parkway. “There were several things we liked about the property. It’s in an area that has seen strong rental rate growth of … Continue reading Kennedy Wilson Grows Portfolio in Sacramento with $100MM Buy and More Than Tripling of Another Asset