Finance
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...
Alameda County Pension Fund Approves $50MM Real Estate Commitment
By Jon Peterson Alameda County Employees Retirement Association Board has adopted staff’s recommendation to make a $50 million commitment into the MetLife Core...
East Bay Industrial Leases Pick Up Steam
By Jon Peterson Owners of industrial real estate in the East Bay are attracting new tenants to their properties. Glendale, Calif.-based PS Business...
Cornerstone to Earn Low 5 Cap Rate on San Mateo Purchase
By Jon Peterson Hartford-based Cornerstone Real Estate Advisers has achieved a low five percent cap rate on the purchase of the 180,000 square...
Kinship Capital to Invest $150MM in Bay Area Over Next Year
By Jon Peterson Chicago-based Kinship Capital is planning on investing a significant amount of capital in the San Francisco Bay Area over the...
PIMCO Expands Presence in Bay Area With Deal in Oakland
By Jon Peterson Newport Beach-based PIMCO is expanding its real estate investment efforts in the San Francisco Bay Area. The investment company is...