San Francisco
Bay Area Ranks as Global Hub for GenAI
For generative artificial intelligence (GenAI), the Bay Area is the true hub, Cushman & Wakefield said in a newly released… Read more
Mystery Buyer Close to Deal for $725M of San Francisco Hotel Debt
A mystery buyer has apparently agreed to buy $725 million in debt on two of San Francisco’s largest hotels, reported the San… Read more
Databricks Relocates San Francisco Headquarters to One Sansome
PGIM Real Estate and Barker Pacific Group (BPG) said Thursday that Databricks Inc., the data and AI company, has signed… Read more
Return to Lender: Week of March 6, 2025
Granite Point Mortgage Trust has taken title to the 140,000-square-foot Lincoln Place office and retail property in Miami Beach, Trepp… Read more
Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2B
Arthur J. Gallagher & Co., an insurance brokerage headquartered in Rolling Meadows, Illinois, has agreed to acquire Woodruff Sawyer, a San… Read more
Newmark Adds Multifamily Team from Eastdil for Western U.S.
Newmark said Wednesday it had hired multifamily advisors Joseph Smolen, Geoff Boler, Will Purcell, Jonathan Merhaut, Lee Redmond, Eve Loecher… Read more
Grosvenor Launches Solar Arrays at Two San Jose Properties
Grosvenor has launched solar power arrays at two of its office properties in San Jose. The installations represent the latest… Read more
Net-Leased Emeryville Data Center Comes to Market
Starboard CRE, reportedly the largest, independently owned commercial real estate firm in San Francisco, has listed 6440 Shellmound St. in… Read more
CAA: Office-to-Apartment Conversions Accelerate in LA, San Francisco
Office-to-apartment conversions in California are accelerating, especially in Los Angeles and San Francisco, as developers seek to address housing shortages… Read more
Mogharebi Group Closes Sale of Modesto Apartments
The Mogharebi Group (TMG) arranged the $37,600,000 sale of Summerview Apartments, a 136-unit multifamily community at 3601 Prescott Rd. in… Read more
Hines Apartments in Daly City Secure Life Company Refi
CBRE arranged $25 million in financing for 88 Hillside Apartments, a 95-unit multifamily community in Daly City, on behalf of Hines. Mike… Read more
Prologis’ Hamid Moghadam to Retire as CEO
Logisitics REIT Prologis said Wednesday that co-founder Hamid R. Moghadam will retire from his CEO role effective Jan. 1, 2026. Moghadam… Read more
Apartments West of Chicago Sell for $72M
Chicago-based Laramar Group has purchased the ReNew Downers Grove apartment complex for $72.1 million from FPA Multifamily. JLL’s Kevin Girard,… Read more
Phoenix Ranks 10th in Investor Survey
A recent survey of commercial real estate investors ranked Phoenix as a top 10 target among U.S. metros. Phoenix slipped… Read more