Saturday, February 16, 2019

Hines Selling Three San Mateo Buildings

By Jon Peterson Houston-based Hines Real Estate Investment Trust Inc. has put a three-building San Mateo office complex on the block. The sale will test investor demand for Peninsula office space...

Investors Flock to San Francisco Office Deals

By Jon Peterson Institutional investors in two San Francisco office buildings in the city’s North Financial District have agreed to accept initial yields of 5 percent or less, according to...

Gilead Pays $610 a Square Foot for Foster City Property

By Jon Peterson Foster City-based Gilead Sciences Inc. has agreed to pay $180 million, or $610 per square foot, to acquire 303 Velocity Way in its hometown. The 10-story building...

Bay Area Retail Recovery Reaches Farther, Wider

By Sharon Simonson and Jon Peterson In another sign of the Bay Area’s retail revival, a new study shows that of nearly four million square feet of big-box shop space...

Walnut Creek Shopping Center Trades Hands for ‘Premium’ Price

By Sharon Simonson A BlackRock joint venture has acquired a Walnut Creek necessity-anchored shopping center for nearly $35 million in a deal that reflects strong investor demand for Bay Area...
San Francisco real estate investments

Liquid Realty Sues Companies Run By Its Former Execs

By Sharon Simonson San Francisco private equity real estate firm Liquid Realty Advisors LLC and its chief executive, Scott Landress, have sued Clairvue Realty Advisors LLC and related entities, accusing...
San Francisco real estate investment

Bristol Group Raises $25 Million from Tennessee Pension Fund

By Jon Peterson San Francisco-based Bristol Group Inc. has been awarded a $25 million commitment from the Tennessee Consolidated Retirement System for its Bristol Value Fund II, a value-add investment...
Alameda County Pension Fund real estate investment

Alameda County Pension Fund Invests $30 Million In Real Estate

By Jon Peterson The Alameda County Employees’ Retirement Association has approved $30 million in new investment for two real estate funds: $20 million for the Jamestown Premiere Property Fund L.P....

Bond Expert: San Jose Redevelopment Successor Agency ‘Insolvent,’ Or Close

By Sharon Simonson Business people have calculated the merits of strategic debt default and bankruptcy-protected reorganization for a long time. The financial and housing crises have introduced the tactic to...

Broker: Valley Shopping Center May Sell Below 5 Percent Yield

By Jon Peterson A Mountain View shopping center developed in 2006 that is a stone’s throw from Google Inc.’s campus may trade based on a yield of 5 percent or...