Kennedy Wilson Buys First Oakland Apartments

By Jon Peterson Beverly Hills-based Kennedy Wilson captured a 5.7 percent going-in yield on its newly acquired Regency Tower Apartments in the Lake Merritt neighborhood of Oakland. Now the international real...
Santa Clara Valley Transportation Authority, Hill International, Silicon Valley, Bay Area

Mountain View Apartments Sell for Sub-5 Percent Yield

By Jon Peterson Boston-based fund manager Rockpoint Group has paid not quite $30 million all cash to buy a 127-unit Mountain View apartment complex built in 1969. The Matteson Cos.,...
Invesco, San Francisco, Bay Area, Contra Coast, Employees` Retirement Association, Campus Drive, San Mateo, Hanover Cannery Park, San Jose, San Diego

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 privately held investment and development company that...

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 seller was El Segundo-based Griffin Capital Corp., which...

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 Transbay Tower with them: The yield will...

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 in Burlingame with an eye toward redevelopment...
san francisco, bay area, hotel, bay area news, san francisco real estate news, hotel news, santa clara, san jose, emeryville, oakland, fremont, union square

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 Crowne Plaza San Francisco International Airport Hotel...

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 more than $388 a foot, to Chicago-based...
Marcus & Millichap Capital Corp, Silicon Valley, Bay Area, Marcus & Millichap, Santa Clara, San Jose, San Francisco

GE Real Estate Sells Silicon Valley Portfolio

By Jon Peterson Working through its real estate arm Arden Realty Inc., GE Capital Real Estate has sold a 340,000-square-foot office and research and development portfolio in Sunnyvale and Fremont...
Essex Property Trust, BRE Properties, Cushman & Wakefield, San Francisco, Silicon Valley, multifamily, housing, Bay Area real estate, real estate news

Voracious Essex Continues To Buy

By Sharon Simonson Palo Alto landlord Essex Property Trust Inc. has acquired Park West apartments in San Francisco and the former Waterstone Santa Clara in Santa Clara for not quite...