Goldman Sachs
Northern California Carries Essex as Bay Area Tech Demand Outpaces Seattle, Los Angeles in Q1
The West Coast’s largest multifamily REIT beat expectations as cap rate compression and a $62 million stock buyback signaled a private-public valuation gap....
KKR Completes $600MM Refinancing of 750,000 SQFT Mission Bay Complex in San Francisco
The New York-based investment giant replaced its original $600 million acquisition loan on the four-building Icona campus — purchased for $1.08 billion in...
Ballast Pays $48.5MM for 110-Unit “Three Sisters” Portfolio on Van Ness Avenue in San Francisco
The San Francisco-based multifamily operator acquired three historic 1928 apartment buildings from Flynn Investments affiliates and picked up five additional properties across Hayes...
Lone Star Funds Takes Ownership of 600 California Street Tower in San Francisco for ~$360 Per SQFT
The Dallas-based private equity firm acquires the 360,000-SQFT North Financial District office building through foreclosure, marking its first major Bay Area office play....
Lone Star Funds Takes Ownership of 360,000 SQFT Office Tower in San Francisco After Foreclosure Auction Draws No Bidders
The Dallas-based private equity firm acquired the debt from Goldman Sachs for $130 million in January and took ownership through a credit bid...
Goldman Sachs Lists 19-Acre Southline Phase 2 Development Site for Sale in South San Francisco
The underutilized infill parcel at 275 and 325 South Maple Avenue offers flexible zoning for up to 2 million square feet of advanced...
East West Bank Schedules May 7 Foreclosure Auction for HP Investors’ 206,000-SQFT Edgewater Park Plaza Office Complex Near Oakland Airport
The San Diego-based investor purchased the two-building office park for $35.7 million in 2022, and now faces more than $21 million in unpaid...
Alex Mehran Is Betting the Family Legacy on Turning Bishop Ranch Into a Neighborhood
The third-generation CEO of Sunset Development is staking his tenure on a 2,510-home project that would transform his family’s suburban office campus into...
Tourbineau Real Estate Partners Files Formal Plans to Convert 109,000 SQFT San Mateo Office Tower Into 144-Unit Residential Community
Developer revises earlier proposal, shifting from a mixed unit program to an all one-bedroom layout as it advances adaptive reuse of the 12-story...
Lennar Posts Q1 Revenue Miss as Geopolitical Risks and Institutional Buyer Pullback Cloud Nation’s Largest Homebuilder
The company’s $6.62 billion quarter fell 13 percent short of the prior year, with management flagging a widening set of macro risks even...
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...
Presidio Bay Ventures and Prado Group Win Bid to Acquire 1.2MM SQFT San Francisco Centre for $130MM+
The San Francisco-based developers plan a mixed-use conversion of the shuttered downtown landmark that once held a valuation exceeding $1 billion, marking a...
