SAN SIMEON, CA-After years of battling with the San Simeon community over development of a 250-acre resort on its seaside property, Hearst Corp. has thrown in the towel and agreed to help preserve it as open space.
SAN FRANCISCO-Property owners Shorenstein Co. and Bank of America have leased the Bank of America building's 60,000-sf executive suite to Dodge & Cox, an asset management company.
SAN FRANCISCO-The city hopes to combine three lawsuits alleging fraud related to three construction projects at San Francisco International Airport that involved Tutor-Saliba Corp., one of the largest construction firms in the United States.
SACRAMENTO-The local development and investment group has purchased the 18,750-sf California Sutter complex for just over $9 million, adding to the firm's medical office property portfolio. The property is about 95 % leased.
SACRAMENTO-The plan calls for 200 apartment units, including several penthouse lofts, and street-level retail space to be funded by $15 million in financing provided by the city's redevelopment agency.
SAN FRANCISCO-PSP Construction Co., Coscinelle LLC, and IDI Corp. have one thing in common: all three recently acquired industrial space in the Bay Area, ranging from PSP's 16,000-sf purchase to IDI Corp.'s 286,100-sf acquisition.
BERKELEY, CA-The new building, located at 725 Potter Street and leased by Bayer Diagnostics Group, sits within the 14 building, 500,000-sf Aquatic Park, a $75-million project by Wareham Development.
SAN FRANCISCO-Several San Francisco Bay Area industrial buildings have been sold in deals that have a combined value of $18.3 million, and another $25 million transaction is pending.
BELLEVUE, WA-After months of trying to sublease a large portion of space on Southeast Eastgate Way, Onyx Software has struck a deal with Equity Office Properties that allows the firm to back out of its lease three-and-a-half years early.
SEATTLE-The well-known blue flame that sits on the former Washington Natural Gas building will soon retire as the property is renovated in preparation for its new tenant, the University of Washington.