Brookfield Properties
Prado Group Takes Over 721 Veritas Apartments in San Francisco, Lands $265.7MM Loan
The 23-building, mostly rent-controlled portfolio is the second Prado has taken from Veritas through its debt, as San Francisco rents rise faster than...
Seven Equity Group Seeks $98.7MM Loan to Raze $132.5MM San Francisco Centre for Up to 2.4MM SQFT of Office, Housing and Hotels
Seven Equity Group, the New York investor under contract to buy the shuttered San Francisco Centre for $132.5 million, is seeking up to...
Concord Gets Its Green Light From Sacramento as Brisbane Races the Clock on 2,200-Home Baylands Plan
Gov. Gavin Newsom's signature on SB 328 has handed Concord and master developer Brookfield Properties a streamlined path to more than 12,000 homes...
AI Data Center Conversion Floated for 350,000 SQFT Former Bloomingdale’s at Shuttered San Francisco Centre
San Francisco building officials received an AI data center permit inquiry for the vacant Bloomingdale’s at 845 Market St. months before the city...
107,000 SQFT Hobby Lobby and Round 1 Block at Hayward’s Southland Mall Hits Market at $18.7MM, 7.75% CAP
A fully leased, 106,609-square-foot block of Southland Mall anchored by Hobby Lobby and Round 1 Entertainment is being offered at $176 per square...
Brookfield Acquires Six-Building, 134,000 SQFT Bradshaw Business Park in Sacramento for $9.78MM
Brookfield has closed on Bradshaw Business Park, a multi-tenant light industrial complex off Highway 50 in eastern Sacramento, paying roughly $9.78 million across...
Emerald Fund, SDG File Permits to Convert 150 Hayes Street Into 104 Apartments in San Francisco
Emerald Fund and SDG have filed building permits to convert a long-vacant 1968 office block a block from City Hall into 104 apartments,...
Brookfield Moves to Add 600 Homes at Stalled Pier 70 Megaproject to Break Feasibility Logjam
Brookfield Properties is asking San Francisco to let it pack roughly 600 additional homes and two extra stories onto its 28-acre Pier 70...
Trust Exposure on San Francisco Centre Hits $351MM as Presidio Bay, Prado Group Abandon 1.5MM-SQFT Redevelopment Weeks Before Loan Maturity
Loan-level data from Morningstar Credit shows bondholders on the shuttered San Francisco Centre carrying $351.3 million of total exposure against a property with...
Presidio Bay Ventures and Prado Group Walk Away From San Francisco Centre Mall Redevelopment Deal, Returning Shuttered 1.5MM-SQFT Landmark to Market
Presidio Bay Ventures and Prado Group have abandoned their winning bid to redevelop San Francisco Centre, citing a failed ground lease renegotiation with...
Brookfield Clinches San Mateo Approval for 847-Unit Housing Overhaul of Concar Shopping Center
Brookfield Properties has secured key city approvals to demolish most of San Mateo's Concar Shopping Center and replace it with 847 homes, pivoting...
Brookfield Lands Sunnyvale Equinix Data Center for $90.3MM, Pays 81% Premium to 2017 Basis
New York-based investor extends its Silicon Valley data center buying spree as AI-driven demand keeps power-constrained inventory at a premium. A New York...
