Finance
Cupertino Shopping Center Sells, Gains Asian Grocer
By Jon Peterson Walnut Creek-based Browman Development Co. has acquired Cupertino’s 77,000 square-foot McClellan Square shopping center and will replace mainline grocer Lucky...
South San Jose Shopping Center Sells Below 6 Percent Yield
By Sharon Simonson A San Diego-based real estate investment trust that has been acquiring Bay Area retail properties has paid a partnership involving...
Investor Buys Industrial In Gentrifying Mission District
By Sharon Simonson A joint venture of San Francisco’s Swire Properties and Friedkin Investment Co. has acquired 400 Alabama St. in San Francisco’s...
East Coast REIT Buys Leased Sunnyvale Building
By Jon Peterson Newton, Mass., -based Select Income REIT has acquired the 96,415 square foot 350 West Java research and development building in...
TMG Sells Emeryville Center in Latest Bay Area Disposition
By Jon Peterson San Francisco-based TMG Partners and White Plains, N.Y., -based Rockwood Capital have sold the 270,000-square-foot Public Market Emeryville at 5959...
Kennedy Wilson Buys First Oakland Apartments
By Jon Peterson Beverly Hills-based Kennedy Wilson captured a 5.7 percent going-in yield on its newly acquired Regency Tower Apartments in the Lake...
Mountain View Apartments Sell for Sub-5 Percent Yield
By Jon Peterson Boston-based fund manager Rockpoint Group has paid not quite $30 million all cash to buy a 127-unit Mountain View apartment...
Drawbridge Makes the Connection
By Jon Peterson New York City-based Almanac Realty Investors has finalized a $150 million equity investment in San Francisco-based Drawbridge Realty Trust, a...
San Francisco Hotel Palomar Sells for $300,000 a Room
By Sharon Simonson Maryland-based Pebblebrook Hotel Trust has acquired San Francisco’s Hotel Palomar for $58 million, or not quite $300,000 a room. The...
Boston Properties to Invest $1.4B in Two San Francisco Buildings
By Sharon Simonson Boston Properties Inc. considered buying San Francisco’s 101 California St. from the Hines company but instead decided to develop the...
Cohen Buys Burlingame Site for Redevelopment Potential
By Jon Peterson Los Angeles-based Cohen Asset Management Inc. has paid more than $7 million to acquire 2.5 acres at 836 Cowan Road...
Global Winds Brush Bay Area Hospitality Sector
By Jon Peterson Offshore investors are driving the San Francisco Bay Area hotel market. Last month a Chinese investment group acquired the 309-room...
