SAN RAMON, CA-In a joint venture with Simon Property Group and the Schottenstein Group, Kimco recently paid $435.5 million for the rights to resell and release the real estate assets of the bankrupt Montgomery Ward LLC and its affiliates.
SAN FRANCISCO-The e-procurement company serving the property management industry says it has raised $12 million to date. The latest round is coming from Internet Realty Partners, Equity Residential Properties Trust and Camden Property Trust, among others.
SAN FRANCISCO-Unico, one of Seattle's largest regional office building investor and service providers, moved into the Bay Area market with the purchase of the 33-story 100 Pine Street building in the city's Financial District.
SAN FRANCISCO-Downtown class A rents are down 3.77% to $69.19 per sf and class B rents are down 5.66% to $55.41 per sf. Vacancy is 17% higher and rents are nearly 30% lower in the dot-com heavy area south of Market Street.
SAN FRANCISCO-Downtown class A rents are down 3.77% to $69.19 per sf and class B rents are down 5.66% to $55.41 per sf. Vacancy is 17% higher and rents are nearly 30% lower in the dot-com heavy area south of Market Street.
FOSTER CITY, CA-The buyer is Sare-Regis Group of Northern California LP. The Foster City based company focuses on the renovation or market repositioning of strategically located property throughout the Bay Area.
SAN FRANCISCO-According to investment analysts, if the BofA Center sells for $1 billion, Shorenstein could take a $500 million cut, giving the real estate investment firm a 33% return on its original $660 million investment.
SAN FRANCISCO-If all goes as planned principal Chris Meany and his partner, real estate tycoon William Wilson, will start a total renovation to transform the 80-year-old building into a new office-retail complex.
SAN FRANCISCO-Locally based DFS operates about 150 duty free shops catering to international travelers mainly in airports throughout Asia, the Pacific Rim and North America, but also has about a dozen Galleria operations in downtown or resort locations.