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Illinois Teachers Earns 5 Cap Rate on Foster City Purchase

By Jon Peterson Springfield, Ill.-based Teachers’ Retirement System of the State of Illinois has earned a cap rate in the mid to high five percent range on its acquisition of...

Inzopa Leveraging Social Media for Homebuyers

By Joe Gose A Fremont startup has embraced crowdsourcing to improve the home buying experience in the Bay Area. The company, Inzopa, launched its beta operation in early February and wants...
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Danville/San Ramon Medical Office Building Sells for $15.3MM

By Jon Peterson Danville-based Rassier Properties-Mercado LLC has acquired the 74,599 square foot Danville-San Ramon Medical Center in Danville for $15.3 million or $205 per square foot. “The buyers of this...
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Ten Capital Makes $9.5MM Investment in Empty Building in Berkeley

By Jon Peterson Cleveland-based Ten Capital Management has paid $9.56 million or $193 per square foot to buy the 49,390 square foot office building located at 2015 Shattuck Avenue in...
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Related Expands Affordable Housing Program to Berkeley

By Jon Peterson Irvine, Calif. -based Related California has brought its affordable housing investment program for the first time to Berkeley with a $36 million transaction covering 75 units and...
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LaSalle to Buy Hotel Vitale in San Francisco for $130MM

By Jon Peterson Bethesda, Md.-based LaSalle Hotel Properties is under contract to buy a leasehold interest in the 200-room Hotel Vitale in San Francisco for $130 million or $650,000 per...
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Are You Ready for Some Silicon Valley Football?

Few things conjure images of extreme excitement and fan devotion as football, and especially the Super Bowl. For cities that play home to National Football League franchises, they are...
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Mark Hopkins Hotel Sold at 4 Cap Rate

By Jon Peterson The sale of the 383-room Mark Hopkins Hotel in San Francisco has produced a 4 percent cap rate, according to sources familiar with the transaction. This return...
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Host Hotels Acquires Powell Hotel in San Francisco for $75MM

By Jon Peterson Bethesda, Md.-based Host Hotels & Resorts has acquired the 151-room Powell Hotel in downtown San Francisco for $75 million. The buyer released this information today as part...
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Bay Meadows Unveils ‘Social Street’ Concept

By Neil Gonzales The developer of the massive master-planned Bay Meadows project in San Mateo has unveiled the design for a community commons it is calling a “social street,” that...