Citigroup
Sale of PIMCO’s 272,000 SQFT 201 California in San Francisco Reaches Pending Status Amid Columbia Property Trust’s Ongoing Loan Default
The potential disposition of the Financial District tower comes as Columbia’s $1.7 billion multi-property loan default continues and appraised values plunge from 2021...
Cooley LLP Eyes Anchor Lease at Kilroy-Backed 256,000 SQFT Tower in Downtown Redwood City
The Bay Area law firm’s planned move from Palo Alto reflects a broader legal industry push toward transit-served, walkable downtowns Cooley LLP is...
Healthpeak’s $169MM Write-Down in South San Francisco Signals Biotech Real Estate Reality Check
The company that helped launch the Bay Area’s lab building boom now faces the sector’s downturn, but executives see recovery ahead Denver-based Healthpeak...
WeWork’s 600 California Building in San Francisco to Hit the Market Soon for ~$120MM
By The Registry Staff A San Francisco office tower will soon be hitting the market, two years after the property fell into default....
Federal Realty Breaks Ground on 258 Santana Row Apartments While Planning Sale of 212-Unit Misora
Federal Realty Investment Trust is reshaping its residential portfolio at the flagship Santana Row mixed-use development, announcing plans to sell an existing residential...
Maximus’ Parkmerced in San Francisco Enters Receivership After Default on $1.8B in Loans
By The Registry Staff San Francisco’s largest apartment complex, the 3,165-unit Parkmerced, has been placed into receivership after its owner, Maximus Real Estate...
TruAmerica Goes into Affordable Housing and Extends Team for Value-Add and Build-for-Rent Initiatives
–Veteran Leaders Ted Egner, Ben Finley and Stuart Cramer Serve as Strategic Hires to Take TruAmerica into its Next Stage of Growth— LOS...
The Office Market Faces a Wave of Short Sales Amidst Dwindling Capital and Patience
Last year, investors amassed billions in anticipation of acquiring distressed real estate assets at considerable discounts. Yet, the expected deluge of deals didn’t...
Turbulent Times: Distressed Properties in U.S. Reach $80B in Q3
By The Registry Staff In the wake of the global pandemic, the United States is grappling with a mounting crisis in its commercial...
Concerns Over Commercial Real Estate Loans Weigh on US Bank Stocks, Amidst Broader Market Decline
By The Registry Staff On Wednesday, shares of large and mid-sized US banks experienced a notable underperformance compared to the broader market, according...
Prologis to Combine with Duke Realty in $26B All-Stock Transaction
SAN FRANCISCO and INDIANAPOLIS — Prologis, Inc. (NYSE: PLD) and Duke Realty Corporation (NYSE: DRE) today announced that the two companies have entered...
Blackstone & Starwood to Acquire Extended Stay America for $6B
Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) announced today...
