San Francisco
Flagship San Francisco Store Among 150 Macy’s Sites Set to Close
The 95-year-old Macy’s in San Francisco’s Union Square is among the 150 stores set to close, in what the San… Read more
Veritas Buys Seattle Apartment Buildings for $18M
An entity affiliated with Veritas Investments, a real estate firm under financial strain for its properties in California, recently bought… Read more
Veritas Puts Rent-Controlled Portfolio Up for Sale
San Francisco-based Veritas Investments has listed a 23-building portfolio spanning 762 rent-controlled apartments, the San Francisco Chronicle reported Tuesday. Eastdil… Read more
California Remains the Hub for AI Hiring, Tenant Demand
Although the surge in artificial intelligence (AI) helps drive tech employment and occupancy nationwide, California has the highest concentration of… Read more
Prado Group Expands Scope of SF Medical Center Redevelopment
The Prado Group, which acquired the former California Pacific Medical Center (CPMC) campus in San Francisco for $50 million in… Read more
Back Home Hospitality Inks Deal for Restaurant at Mission Rock MXU
Mission Rock Partners, a collaboration between the San Francisco Giants, Tishman Speyer and the Port of San Francisco, forged an agreement with… Read more
Northmarq Closes $34M Sale of Buena Park Multifamily
Northmarq’s Shane Shafer arranged the $34,375,000 sale of Cypress Village Apartments in Buena Park. Shafer represented the seller, Priya Living, in the sale, which… Read more
Triple-Net Strip Center Trades in San Leandro
Marcus & Millichap closed the sale of 1423-1427 E. 14th St., a 6,603-square-foot retail property located in San Leandro. The asset sold… Read more
San Francisco Rebounds with Tech Revival
Scores of tech investors and executives migrated from the Bay Area during the pandemic, criticizing San Francisco for its allegedly… Read more
RentBerry Weighs Making Bid for WeWork
San Francisco-based Rentberry, a provider of technology-driven property rental and management, unveiled plans to explore the acquisition of WeWork, which… Read more
AI Startup Quadruples Space in San Francisco Relocation
Unlearn, an AI company creating digital twins to optimize clinical research, has leased a 17,220-square-foot space in San Francisco. The… Read more
Workplace Index: Return-to-Work Increased. So Did Remote Work
Even though the pandemic lockdown is four years in the past, the work-from-home trend is still with us. However, the… Read more
Investor Surveys Generate a Mixed Bag for 2024
There’s little doubt that the past year has been volatile for commercial real estate investors. Much of what was forecast… Read more
Losses on CMBS Loans Increase in January
January saw $834.0 million in CMBS loans resolved at a loss, with $382.3 million in losses total, carrying an average… Read more
BH Properties Adds Regional Office in San Francisco
BH Properties, a vertically integrated, value-add real estate investment company, has opened a new regional office in San Francisco. The firm… Read more
citizenM Receiving Guests in Austin
citizenM, a chain that says its properties offer affordable luxury hotels, opened its first Austin-based property – citizenM Austin Downtown. Developed… Read more
Clayco Taps Former World Business Chicago CEO to Lead Growth
Clayco, a full-service real estate, architecture, engineering, design-build, and construction firm, has hired business executive Michael Fassnacht as president of… Read more