Finance
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
Kenson Ventures, Wheatley Properties Buy 96,000 SQFT Lurie Building in San Francisco for $25.2MM
A partnership of two Silicon Valley investors has acquired the 96,000-square-foot Lurie Building in San Francisco's Financial District for $25.2 million, wagering that...
California Directs $267MM to Caldecott Tunnel Overhaul on East Bay’s Highway 24
California has earmarked $267 million to rehabilitate and reventilate three of the four bores at the East Bay’s Caldecott Tunnel, funding a long-planned...
Strada Investment Group Buys Campbell’s 267,000 SQFT Vasona Tech Park for $115MM
Strada Investment Group paid roughly $431 per square foot for the Campbell campus, a steep discount to the $551 per square foot Kennedy...
Lincoln Property Pays $31.6MM for Golden Gate University’s San Francisco Campus, Plans 46-Story Tower
Golden Gate University has vacated its longtime downtown San Francisco campus after finalizing the sale of the property to a developer proposing one...
San Jose Planning Commission Advances 80-Home Glider Project, Unlocking $26.6MM for Oak Grove School District
San Jose's Planning Commission has unanimously recommended approval of The True Life Companies' 80-home subdivision on the shuttered Glider Elementary School campus in...
Wildlands Conservancy Acquires 14,000-Acre AP Ranch for $15.5MM in Siskiyou County
The nonprofit Wildlands Conservancy has lined up an $11.5 million state grant to complete its $15.5 million purchase of the 14,177-acre AP Ranch,...
Waterford Property Breaks Ground on 75-Unit Affordable Community at Milpitas’ 1397 California Circle
The Newport Beach developer has started work on a five-story, 75-unit income-restricted building that completes the affordable component of a PulteGroup master plan...
CBRE Investment Management Acquires Cerberus’s Tenet Equity for $1.6B, Doubling Down on Net Lease
CBRE's investment management arm is paying $1.6 billion for a Scottsdale-based net-lease lender that Cerberus built from scratch in four years, adding more...
14,000 SQFT San Francisco Parking Site at 425 Broadway Listed Unpriced as Redevelopment Play
Beckett Capital is marketing a two-level, 160-space parking structure at the crossroads of San Francisco's Financial District, Jackson Square and North Beach as...
28-Unit Sausalito Waterfront Apartment Building Trades for $15.55MM
A 28-unit waterfront apartment building at 120 Bulkley Avenue in Sausalito has traded for $15.55 million, or roughly $555,500 per unit, in one...
Tishman Speyer Sells 138,000 SQFT Downtown Mountain View Office Building to Spear Street Capital for $121.5MM
Tishman Speyer has cashed out of one of its longest-held Silicon Valley assets, handing 400 Castro Street to Spear Street Capital at a...
