Category: San Francisco

In a significant move within the Bay Area’s bustling biotech hub, Alexandria Real Estate Equities, Inc. has secured an early lease renewal with insitro, as the machine learning-driven drug discovery firm extends its stay on South San Francisco’s mega campus. The six-year renewal for 143,188 square feet at 279 East Grand Avenue, as announced by Alexandria Real Estate Equities, stamps insitro’s commitment to remain on the Alexandria Center for Advanced Technologies – South San Francisco mega campus right through to August 31, 2034. The life sciences real estate investment trust…

AI-powered drug developer Insitro will keep its lab in a life sciences mega-campus in San Francisco.  The company, which specializes in lab research that is enhanced by machine learning, signed a six-year lease extension with Alexandria Real Estate Equities (ARE) for 143,188 square feet at Alexandria’s life sciences center at 279 East Grand Avenue in South San Francisco, according to the landlord. SEE ALSO: What a Tech Company Wants in Its Office, Per Guident CEO Harald Braun Alexandria did not immediately provide the asking rent and the names of the…

In a bold move to invigorate the office space sector, San Francisco developer, Presidio Bay Ventures, is ready to transform a near-60-year-old office building into an urban haven of hospitality and amenities that rival a luxury resort. As reported by The Standard, the concept, proven at their Springline project in Menlo Park, blends high-end facilities with working environments to lure employees back onsite. Last year, Presidio Bay picked up an 11-story building located on the corner of Spear and Mission streets for $40.9 million—a figure significantly lower than its previous…

Desmond Tan, owner of Burma Love and Burma Superstar, said his relationship with Presidio Bay this past year has motivated him to challenge other eager brokers, who are also courting him to open additional locations, to bring more to the table in terms of favorable rent conditions, capital improvements and help with local officials.  As for whether the resort model has anything to do with his restaurant’s success at Springline, Tan said while it’s hard to draw a definite conclusion, he felt having a concentrated vibrancy has undoubtedly had a…

David Caraccio March 27, 2024 at 4:10 PM Literally sitting atop history, a spectacular San Francisco penthouse — the crown of the Cathedral Apartments — has hit the market for $3.75 million with views throughout of the city’s most popular landmarks, from the Golden Gate Bridge and Bay Bridge to Coit Tower and Salesforce Tower. The elegant two-bedroom, three-bathroom residence in the Nob Hill neighborhood spans spans 2,257 square feet. Built in 1927, the Cathedral Apartments at 1201 California St. was designed by renowned architect Charles P. Weeks, whose work…