INDUSTRY news
Kilroy Realty Corp. Willing to Go Spec All the Way
333 Brannan Street in San Francisco By Sharon Simonson Office landlord Kilroy Realty Corp. would begin construction next year on a speculative basis...
Drawbridge Makes the Connection
By Jon Peterson New York City-based Almanac Realty Investors has finalized a $150 million equity investment in San Francisco-based Drawbridge Realty Trust, a...
San Francisco Hotel Palomar Sells for $300,000 a Room
By Sharon Simonson Maryland-based Pebblebrook Hotel Trust has acquired San Francisco’s Hotel Palomar for $58 million, or not quite $300,000 a room. The...
Boston Properties to Invest $1.4B in Two San Francisco Buildings
By Sharon Simonson Boston Properties Inc. considered buying San Francisco’s 101 California St. from the Hines company but instead decided to develop the...
Essex Bets On Downtown San Jose—Again
By Sharon Simonson Palo Alto’s Essex Property Trust Inc. plans another major foray into downtown San Jose with the construction of a 21-story...
Silicon Valley Architects Recognize Best Work
By Sharon Simonson Education and public spaces won big in the 2012 Design Awards of the Santa Clara Valley chapter of the American...
Facebook Campus Designed For Evolving Company Culture
By Sharon Simonson Facebook leaders worried the company would lose its startup culture and distinct genetics when it left downtown Palo Alto. So...
Japanese Retailer Likes Bay Area Urban Cores
By Sharon Simonson A Japanese retailer whose brand image echoes American society’s current quest for a more sustainable lifestyle is opening a 7,000-square-foot...
Cohen Buys Burlingame Site for Redevelopment Potential
By Jon Peterson Los Angeles-based Cohen Asset Management Inc. has paid more than $7 million to acquire 2.5 acres at 836 Cowan Road...
Global Winds Brush Bay Area Hospitality Sector
By Jon Peterson Offshore investors are driving the San Francisco Bay Area hotel market. Last month a Chinese investment group acquired the 309-room...
Target Puts Bull’s-Eye on Geary Location in San Francisco
By Sharon Simonson Even as Swinerton Builders celebrates the grand opening of San Francisco’s first CityTarget at the Metreon, the general contractor has...
Hines Sells 100 Montgomery For Twice What it Paid
By Jon Peterson Houston-based Hines is in contract to sell the 424,000-square-foot 100 Montgomery offices in downtown San Francisco for $165 million, or...