REIT
Alexandria Announces 10% Stake in Two San Francisco Buildings with Uber and Golden State Warriors & Acquires San Carlos Property for $64.9MM
By Jon Peterson Uber Technologies, Alexandria Real Estate Equities and the Golden State Warriors have executed an agreement to form a joint venture...
Essex Buys Apartment Complex in Cupertino for $90MM
By Jon Peterson San Mateo-based Essex Property Trust has acquired the 230-unit Sage at Cupertino apartment complex in Cupertino for $90 million or $391,000...
Kilroy’s Earnings Call Announced Fully Leased 100 Hooper, a Reposition of The Exchange and Bullish View of Market
Kilroy Realty’s first quarter of 2017 earnings call delivered a number of news items about the west coast REIT’s operations and activities. The...
Ritz-Carlton in San Francisco Sells for $231MM
(EDITOR’S NOTE: According to public documents, the transaction closed on December 30th, 2016 for $231,115,200, or $687,843 per room.) Carey Watermark Investors 2...
Hines’ San Mateo Asset Sells for $84MM
Hines Real Estate Investment Trust, Inc. (“Hines REIT”), one of three public non-listed REITs sponsored by Hines, announced in July of 2016 that...
Alexandria Closes on San Francisco Tennis Club Site for $140MM
By Jon Peterson Pasadena-based Alexandria Real Estate Equities has acquired the 88 Bluxome Street site in San Francisco for $140 million, according to...
Hines’ San Jose Asset Sells for $76MM
Hines Real Estate Investment Trust, Inc. (“Hines REIT”), one of three public non-listed REITs sponsored by Hines, announced in July of 2016 that...
Rewriting the Laws on “Subject to…”
Court of Appeal Re-Writes the Laws on Property Purcahsed “Subject To…” By Marc Eisenhart When an investor buys property subject to a mortgage...
Major Value-add Office Asset in Concord Up for Sale
By Jon Peterson The 350,256 square foot Concord Airport Plaza office complex in Concord is up for sale with potential pricing likely in...
Third Phase of Construction at HCP’s The Cove at Oyster Point in South San Francisco to Begin, Fueled by Strong Leasing Activity
IRVINE, Calif. and SAN FRANCISCO, Nov. 1, 2016 — HCP (NYSE: HCP) announced today that it will break ground on an additional two...
Equity One Buys San Carlos Marketplace for $97MM at 5 Cap
By Jon Peterson New York City-based Equity One has acquired the 153,510 square foot San Carlos Marketplace shopping center in San Carlos for...
