Finance
Prologis to Sell Portfolio That Includes 8 Properties in the Bay Area
By Jon Peterson San Francisco-based Prologis has signed an agreement with Oslo, Norway-based Norges Bank Investment Management sell them a 45 percent interest...
PS Business Parks Buys 8 Office Buildings in San Mateo
By Jon Peterson Glendale, Calif.-based PS Business Parks has paid $60.5 million to acquire the 340,000 square foot Bayshore Corporate Center office building...
USAA Buys Asset in North San Jose for $190MM
By Jon Peterson San Antonio, Texas-based USAA Real Estate Company has acquired the two-phase America Center Class A office property in North San...
Deutsche Buys Apple-leased Office Building in Cupertino
By Jon Peterson New York City-based Deutsche Asset & Wealth Management has acquired the 383,000 square foot Results Way Corporate Center located at...
Essex Signs Deal to Buy BRE in $15.4B Transaction
By Jon Peterson Palo Alto-based Essex Property Trust has signed a definitive agreement to buy San Francisco-based BRE Properties to create the only...
Ares and Thompson Dorfman Plan Mixed-use Project in Foster City
By Jon Peterson New York City-based Ares Management, formerly known as AREA Property Partners and Mill Valley-based Thompson Dorfman Partners are planning a...
Kennedy Wilson Buys Two Apartments With One Asset in El Cerrito
By Jon Peterson Beverly Hills-based Kennedy Wilson has acquired the 159-unit Village at Town Center apartment complex located at 10810 San Pablo Avenue...
East Coast REIT Acquires Interest in Fisherman’s Wharf Hotel for $132MM
By Jon Peterson Bethesda, Md.-based Pebblebrook Hotel Trust has acquired a leasehold interest in the 355-room Radisson Hotel Fisherman’s Wharf and Retail for...
Mass PRIM Buys Office Building in Sunnyvale and Commits to New DivcoWest Fund
By Jon Peterson Boston-based Massachusetts Pension Reserves Investment Management Board has expanded its real estate portfolio in the San Francisco Bay Area over...
UDR and MetLife Plan $317MM Apartment JV in San Francisco
By Jon Peterson Denver-based UDR and Morristown, N.J.-based MetLife had formed a $317 million joint venture to develop the 477-unit apartment complex located...
Ivanhoe Cambridge and Shea Homes Fund 50 percent of New Apartment Development in South San Jose
By Jon Peterson Toronto-based Ivanhoe Cambridge and Aliso Viejo-based Shea Properties have together invested $100 million of equity to fund 50 percent of...
CenterPoint Properties Starts Major Industrial Project in Manteca
By Jon Peterson Oak Brook, Ill.-based CenterPoint Properties has broken ground on its first building at its 190-acre CenterPoint Intermodal Center-Manteca (CIC-Manteca) industrial...
