San Francisco
A First for Uber, Expansion into Peninsula via $68M Lease
Uber Technologies Inc. expanded into Palo Alto, CA with a 140,000-square-foot lease at Stanford Research Park, valued at $68 million.… Read more
Starwood Places $1.2B Mall Portfolio on Sales Block
Starwood Capital Group has reportedly hired Eastdil Secured LLC to broker a seven-mall portfolio acquired from Westfield Corp. in 2012.… Read more
Savills Studley Completes $229M Mira Mesa Retail Deal
Savills Studley’s National Retail Services Group represented the sellers of two trophy Southern California shopping centers, one located in San… Read more
WeWork Expanding Again in The City?
New York-based WeWork, the co-working space giant, is reportedly in negotiations to open another location in San Francisco, marking its… Read more
Demandware Expands HQ After Salesforce Acquisition
Demandware plans to expand at its 5 Wall St. headquarters in Burlington, MA by as much as 55% by July… Read more
TruAmerica Acquires Multifamily Complex in Off-Market Transaction
Los Angeles-based TruAmerica Multifamily partnered with MSD Capital, L.P. to add to its 1,000-unit multifamily portfolio in the Bay Area.… Read more
Connect LA Recap: What You Need to Know to Get Deals Done
By Dennis Kaiser Connect Los Angeles brought together nearly 500 CRE leaders last week for an information-packed conference in DTLA.… Read more
Construction Costs Climbing, CBRE Report Reveals Reasons
Construction costs continue to rise across the nation due to limited labor supply, increased multifamily development, and rising materials costs.… Read more
Zenefits 2.0 Restructures, Cuts Another 9% of Workforce
San Francisco-based Zenefits is cutting 106 workers, shuttering its Arizona sales office and offering separation agreements for others as part… Read more
What Makes a City Favorable?
There are many things to consider when moving to a new city. To find out what aspects matter most, Abodo… Read more
Key Takeaways from Connect LA 2016
Connect Los Angeles brought together nearly 500 CRE leaders for an information-packed conference at The Bloc’s Sheraton in DTLA. The… Read more
NY Life, Harvest Acquire One Bay Plaza from Hudson Pacific
A joint-venture between New York Life Real Estate Investors and Emeryville, CA-based Harvest Properties acquired One Bay Plaza, a 195,739-square-foot… Read more
Wild Exuberance Leaks Out of Luxury Condo Market
San Francisco-based Paragon Real Estate issued its latest real estate report that detailed a number of significant changes that are… Read more
Largest Ever Mission District Project Approved
San Francisco’s Planning Commission granted approval to 2070 Bryant St., the largest housing project in the history of the Mission… Read more
Multifamily REITs Blame Lower Revenue on More Supply
Ramped-up apartment supply in San Francisco and New York are hurting multifamily REIT revenues. Specifically, Essex Property Trust revenue dropped… Read more
Uber Receives $3.5B Saudi Cash Infusion
The Kingdom of Saudi Arabia’s sovereign investment fund invested $3.5 billion in San Francisco-based Uber to aid in the ride… Read more
GI Partners Acquires Apple-Occupied Asset
San Francisco-based GI Partners acquired a 75,000-square-foot building occupied by Apple in Sunnyvale, CA from Hines for $34.7 million. The… Read more
UC Regents Acquires Torrey Pines Asset for $134.1M
The UC Board of Regents acquired Torrey Pines Court, a 216,476-square-foot office campus from Irvine, CA-based The Muller Co. and… Read more
IPA Handles $27.75M MF Sale
San Francisco-based Fowler Property Acquisitions sold Tesoro Apartment Homes in Redlands, CA to an unnamed private investor for $27.75 million.… Read more