Howard/First Property LLC, an affiliate of Crescent Heights Group of Properties based in Miami, acquired the high-rise residential development site at 524 Howard Street. Located directly adjacent to the future Transbay Transit Center, 524 Howard Street is a rare urban infill residential development site within San Francisco’s business core.
Senior Vice Presidents Tony Crossley and Tim Maas of Colliers’ San Francisco Investment Services Group represented the Seller, Howard Street Property Investors, LLC. The team has extensive experience with private investors, family trusts, REITS, institutional investors, and corporations. Since 1997, the team has handled 40% of the total sales of San Francisco properties valued between $5 million and $50 million. A track record of $4 billion in sales comprised of over 300 downtown San Francisco properties, including 20 major development sites.
About Colliers International
Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. As a subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), Colliers offers the stability of a strong financial partner and significant local ownership providing clients with accountability and enterprising real estate solutions. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. The Lipsey Company and National Real Estate Investor magazine ranked Colliers International as the world’s number two commercial real estate brand.