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California  + Bay Area  | 

Chinese Developer Acquires $100M Stake in Prime Waterfront Dev Site

China’s SRE Group Limited acquired an 80% stake in 75 Howard St. on San Francisco’s waterfront, reportedly for nearly $100 million. The condominium development team now encompasses a joint-venture between a fund controlled by New York-based Paramount Group and JBC 75 Howard LLC, an affiliate of Chicago-based The John Buck Co.

The roughly 20,020-square-foot entitled land parcel is proposed to included a 335,000-square-foot, 220-foot-tall tower, with 120 residential units on 19 floors above a 5,000-square-foot restaurant.

The project, which was approved in 2015, is slated to deliver in 2019 and is SRE’s first North American investment. The site, one of the last remaining on the downtown San Francisco waterfront, is between the Bay Bridge and Ferry Building.

JLL’s Rob Hielscher and Flora Wang handled the transaction. SRE is a subsidiary of China Minsheng Investment Group (CMIG), the largest privately owned investment group in China.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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