The announcement comes on the heels of a busy quarter for Catellus. Earlier this week, the company signed Cisco Systems to a 34-year deal for 3.4 million sf in the still-under-development Pacific Commons project in Fremont. That deal alone will bring almost $102 million into Catellus' coffers by the middle of next year. Meanwhile, at the Mission Bay development in San Francisco, the pace remains frantic. Catellus recently sold a one-acre parcel to Signature Properties and The Riding Group, LLC, for $13.5 million. The partnership plans to develop 100 condominiums on the site. That deal is expected to close by February.
AvalonBay communities will begin construction of their 250-unit apartment building at Mission bay in January. An additional 300-unit building will be going up in the Third Quarter of next year. Catellus will also break ground on their mixed-use projects at Mission Bay in the Second Quarter of 2001. That project will include 160,000 sf of office and retail space, along with 622 residential units, some of which will be for sale.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
