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...
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...
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...
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...
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...
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...
RLJ Lodging to Expand Bay Area Presence
By Jon Peterson
Bethesda, Md.-based RLJ Lodging Trust is planning on more than doubling its portfolio of hotel properties in the San Francisco Bay Area through an expected portfolio deal...
Thompson Dorfman Earns Big Profit on 2655 Bush Site in San Francisco
By Jon Peterson
Mill Valley-based Thompson Dorfman Partners has turned a big profit on the sale of the 0.75-acre site located at 2655 Bush Street in San Francisco.
The real estate...
A Deep Bay Separates Oakland from San Francisco
By Jon Peterson
Institutional Investors are being able to buy office buildings in Oakland at much lower price points than in San Francisco. One recent example of this is with...
Sequoia Equities Buys Large Apartment Complex in San Jose
By Jon Peterson
Walnut Creek-based Sequoia Equities has paid $146 million or $320,000 per unit and $326 per square foot to acquire the 456-unit Avalon Rosewalk in San Jose.
The seller...
