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Bay Area Deals Close Even In Uncertain Times

SAN FRANCISCO-While the numbers are still not increasing, the Bay Area is still closing both major and minor deals. While some investors feel this is an uncertain time to invest, others are eager to buy and sell.

By Michelle Savage | Updated on May 16, 2002

SAN FRANCISCO-The Bay Area’s commercial real estate has been lagging in making significant improvements this year but several large deals have gone through, despite the decline in the market and uncertainty of consumers.

Keith Bilter sold the Tamalpais apartment complex, nearly 80 years old, for $14 million to NAM Investments. The 45,000-sf, 11-story building, which is located at 1201 Greenwich St., was listed for $16 million. The property includes 22 apartment units and two in-law units. Pacific Union Real Estate Group represented both sides in the deal.

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