INDUSTRY news
Pension Fund Investor Pays Good Price for Sansome Offices
By Jon Peterson Washington, D.C.-based Multi-Employer Property Trust, an open-ended commingled real estate equity fund, has paid approximately $450 a square foot, or...
Netflix Signs Lease to Expand In Los Gatos
By Sharon Simonson Los Gatos-based Netflix Inc. has signed a 10-year lease for a 137,500-square-foot building at a proposed four-building campus close to...
Stockbridge Nabs $50MM from Texas Pension Fund
By Jon Peterson San Francisco-based Stockbridge Capital Group has received a $50 million investment commitment from the Austin-based Texas Municipal Retirement System for...
Marin County’s Corte Madera Draws Apartment Investors
By Jon Peterson Corte Madera, the tiny, affluent Marin County community, will gain 306 modern apartments with the development and redevelopment of two...
Google Puts Mountain View Campus Development On Hold
By Sharon Simonson Google will delay its pursuit of additional entitlements for a proposed headquarters campus in the North Bayshore district of Mountain...
Pembrook Doubles Up on San Jose Apartment Project
By Jon Peterson New York City-based Pembrook Capital Management LLC has made a $16.5 million preferred-equity investment in the Meridian Apartments being developed...
Cisco Selling More North San Jose Buildings
By Sharon Simonson San Jose-based Cisco Systems Inc. is offering to sell more than 800,000 square feet of office and research and development...
Cupertino Shopping Center Sells, Gains Asian Grocer
By Jon Peterson Walnut Creek-based Browman Development Co. has acquired Cupertino’s 77,000 square-foot McClellan Square shopping center and will replace mainline grocer Lucky...
AT&T Park Building Draws Big Institutional Buyer
By Sharon Simonson Glendale-based American Realty Advisors has paid $93.75 million for 153 Townsend St. in San Francisco, gaining 168,000 square feet of...
South San Jose Shopping Center Sells Below 6 Percent Yield
By Sharon Simonson A San Diego-based real estate investment trust that has been acquiring Bay Area retail properties has paid a partnership involving...
Avalon Bay, Equity Residential Load Up On Bay Area Apartments
By Jon Peterson Arlington, Va., -based AvalonBay Communities Inc. and Chicago’s Equity Residential will each own well in excess of 10,000 San Francisco...
Investor Buys Industrial In Gentrifying Mission District
By Sharon Simonson A joint venture of San Francisco’s Swire Properties and Friedkin Investment Co. has acquired 400 Alabama St. in San Francisco’s...