Finance
Drawbridge Achieves 8.5 Percent Yield on Sonoma County Purchase
By Jon Peterson A single-tenant office complex in Santa Rosa occupied by global medical technology company Medtronic Inc. is producing an 8.5 percent...
San Francisco’s BRE Properties Subject of Purchase Offer
By Sharon Simonson Connecticut-based real estate investment advisor and shareholder Land and Buildings is seeking to acquire San Francisco-based apartment landlord BRE Properties...
Kaiser Buys Mission Bay Medical Office Building from Alexandria
By Jon Peterson San Francisco-based Kaiser Permanente Northern California has agreed to acquire a 210,000-square-foot, to-be-developed medical office building from Pasadena-based Alexandra Real...
Invesco, CalPERS Look for Green in the Dublin Hills
By Jon Peterson Atlanta-based Invesco Real Estate has paid $105.4 million in cash to buy the 305-unit Avalon at Dublin Station I apartments....
Ohio Real Estate Investment Trust Buys Salinas Shopping Center
By Jon Peterson Cincinnati-based Phillips Edison-ARC has paid $22.7 million to buy Salinas’ Boronda Plaza, a not-quite 100,000 square-foot grocery-anchored shopping center. The...
CBRE Investors Buy Milpitas’ Murphy Crossing
By Jon Peterson Los Angeles-based CBRE Global Investors has acquired the Murphy Crossing office and research and development campus in Milpitas from San Francisco-based...
RREEF Founder Scion Awarded $30MM CalPERS Allocation
By Jon Peterson San Francisco-based Sack Properties has received a $30 million equity allocation from a CalPERS program created to help groom the...
Palo Alto Campus Sells to Google
By Jon Peterson Menlo Park-based California Pacific Commercial Corp. has sold a 200,000-square-foot portfolio of manufacturing and office properties on East Meadow Circle...
Sonoma Mission Inn’s Hot Springs Soothe NYC Investor
By Jon Peterson New York-based Carey Watermark Investors Inc. has paid $73.3 million to buy a 75 percent interest in the Fairmont Sonoma...
Developer David Choo Keeps A Piece of the TMG Transbay Action
By Jon Peterson and Sharon Simonson As part of a settlement reached in federal bankruptcy court, San Francisco real estate developer and investor...
Thayer Accepts Initial Yield Below 4 Percent for San Francisco Ritz
By Jon Peterson [dropcap]A[/dropcap]nnapolis, Md., -based Thayer Lodging Group has acquired The Ritz-Carlton, San Francisco for $479,000 a key, or $161 million. The...
Downtown Mountain View Retains Investment Charm
By Jon Peterson [dropcap]S[/dropcap]an Francisco-based Rubicon Point Partners has paid $15.86 million, or $550 a square foot, to acquire 274 Castro St. in...