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• Schwab to Vacate over 100k sf at 101 Montgomery St
5/27/04
Nationally known brokerage firm Charles Schwab Corp has announced plans to vacate about half of the space that it occupies at 101 Montgomery St, the firm's HQ location where they've been the building's only tenant since the p...
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• Munger, Tolles Relocates in SOMA
5/26/04
The LA-based law firm of Munger, Tolles & Olson is relocating its San Francisco offices, having agreed to a lease for 32k sf on the 27th and 28th floors at 560 Mission St. The firm, whose nameplate partner Charlie Munger is a...
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• $25 Mil for a Nice Mountain View
5/24/04
Looking for an attractive $25 mil office investment in Silicon Valley that offers a chance for expansion? Here's the scoop on a 70k sf Mountain View property that fits the bill. Per Real Estate Alert, Techfarm Plaza, a two-bu...
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• Berkeley Center on the Block for $20 Mil
5/20/04
A 92.5k sf Berkeley retail center is on the block, with an asking price of $20 mil, or about $216/sf. The property is the Berkeley Center, a retail, theater and office development located at 2200 Shattuck Ave, the main shoppi...
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• Investors Plan to Convert Daly Office Building to Banquet Hall
5/19/04
A San Francisco restaurateur has acquired an 11.1k sf office building in Daly City for $2.33 mil ($210/sf). Located at 211 Eastmoor Dr, between Skyline Blvd and I-280, the two-story building was formerly a State Farm claims c...
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• Investment Firm Spears San Mateo Office Building
5/18/04
A 180k sf San Mateo office building was just purchased by an investment firm headed by John Grassi, former Chief Investment Officer at Shorenstein Company. Grassi's company, Spear Street Capital, paid $25 mil ($139/sf) for Ce...
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• Financing Notes
5/14/04
LA-based Sonnenblick-Eichner Company has arranged an $11.5 mil Preferred Equity investment in the leasehold interest of PIER 39, the internationally renowned, shopping and entertainment center located in the heart of San Fran...
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• Equity Doesn't Need to Think Twice about Pair of Deals at 150 California
5/13/04
BAR architects inked a 10-year lease for 21.5k sf of office space at 543 Howard St in San Francisco. In a recent piece in the SF Business Times, BAR Managing Principal Guy Chambers told the paper that the firm selected the “G...
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• DivcoWest Weaves 161k sf Web at Santa Clara Tower
5/12/04
WebEx Communications Inc, the leading provider of web communication services, has inked a 10-year lease for 161k sf at Mission Towers II, a 282k sf office tower at 3985 Freedom Circle in Santa Clara that was acquired last sum...
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• NoCal News Briefs
5/11/04
SAN FRANCISCO (San Francisco County) – The Adam Gant Building, an 180k sf building at 114 Sansome St, is reportedly about to be sold. According to Real Estate Alert, the Gaw family is under contract to purchase the property f...
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• Pacific Plaza Expected to Sell for Near $140 Mil
5/07/04
It looks like Pacific Plaza, the 470k sf mixed-use development in Daly City, may be sold before too long. The recently completed complex is being marketed by its owners, a partnership led by Mack-Cali Realty, with an expected...
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• Georgia Pacific Acquires 300k sf San Leandro Industrial Facility
5/05/04
In one of the largest industrial sales in the East Bay in more than a decade, Georgia Pacific has paid $5.5 mil for a 305k sf facility at 2800 Alvarado St in San Leandro. The property, which is situated on 15 acres and was bu...
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• NoCal News Briefs
5/04/04
SAN FRANCISCO (San Francisco County) – The law firm of Long & Levitt inked a lease for 15.6k sf of space at the Merchant's Exchange Building, at 465 California St, where it was housed in the past. In this deal, the 75-year-ol...
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• Great Scott! Equity Office Promotes VP of Leasing for San Jose Region
5/03/04
At Equity Office Properties, Richard E. Scott, has been promoted to vice president-leasing for the San Jose Region. Scott, who has more than a decade of Silicon Valley commercial real estate experience, previously served at E...
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• Milpitas Net-Leased Portfolio is a Logical Buy
4/30/04
San Mateo-based Limar Realty is shopping a three-building portfolio of buildings in the NoCal community of Milpitas, which are net-leased to LSI Logic, the semi-conductor firm. According to Real Estate Alert, Limar is hoping ...
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• Financing Notes
4/28/04
Newmark Realty Capital, the SF-based full-service commercial real estate mortgage banking firm, has just opened a regional HQ office in LA, to be staffed by five veteran mortgage pros, each averaging over 20 years of experien...
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• G Reit Closes on $97 Mil Buy from GE
4/27/04
Santa Ana-based Triple Net Properties has closed on its acquisition of Hawthorne Plaza, a 419k sf office complex at 75/95 Hawthorne in San Francisco, for which they paid $97 mil ($231.50/sf). That price is just shy of the $10...
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• NoCal Pro Moves
4/26/04
San Francisco Architectural Heritage, a non-profit organization committed to the preservation of San Francisco's historic architecturally significant buildings and sites and districts, announced the appointments of Mike Neuma...
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• Upscale Walnut Creek Center Hits the Market
4/23/04
Retail investors have the opportunity to acquire a primo NoCal property, as Plaza Escuela, a 153.9k sf upscale urban retail complex located in the heart of downtown Walnut Creek, has been put on the market. The property, whic...
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• The Waltons May be Moving to Market Street
4/22/04
Chicago-based Walton Street Capital is rumored to being close to purchasing at least half of 425 Market St, a 38-story, 909k sf high-rise at the edge of San Francisco's financial district. Per a recent story in the San Franci...
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