SAN FRANCISCO-San Francisco's apartment market is alive and well, as evidenced by the recent sale of two buildings in separate transactions valued at $9 million and $8.9 million respectively. More investors are focusing on the residential market here, as the office market remains slow.
SACRAMENTO-Sacramento's Greenhaven-Pocket area attracts Security Properties Inc., an apartment owner-developer, drawn by the built-out state of the area, which could reduce the possibility of future competition.
LAFAYETTE, CA-The city council has asked developer Steve Cortese to sit down with the city to negotiate a public-private partnership that would result in a mixed-use project on his Downtown 1.2-acre parcel, which currently holds a gas station.
SAN FRANCISCO-Attending her first meeting this week, Former San Francisco Deputy City Attorney Michelle Sexton steps into her new role as president of the San Francisco Redevelopment Agency.
SAN JOSE, CA-A second round of questioning will begin this week as fire and police investigators continue to look for clues as to the cause of the disastrous Santana Row fire in August.
SAN JOSE, CA-The proposed National Affordable Housing Trust Fund Act would allocate up to $27 billion for housing and create nearly 1.5 million new and rehabilitated housing units for low- and extremely low-income families across the country by 2010.
ALAMEDA, CA-A $6.44 million federal grant will enable California State University in Hayward to expand its existing business incubator program by 40,000 sf, making it one of the largest programs in the United States.
SAN FRANCISCO-Work is underway to transform a 30-year-old shopping mall into a brand new one called The Shops at Tanforan, which will have 1.1 million-sf of shopping, dining and entertainment.
SAN FRANCISCO-After three years of planning, Gabriel Avial, founder of the Hispanic Heritage Baseball Museum, is eyeing South Beach property as a potential site for a new 50,000-sf baseball museum.
UNION CITY, CA-IPET Holdings, formerly known as Pets.com, has terminated its lease at its Union City warehouse space at Dowe Industrial Center. Southern Wine & Spirits has leased the entire space.