Category: Other categories

Read More

Read More

The expanding life sciences cluster in Downtown San Diego nabbed a new lab lease, according to the brokerage that represented the landlord. JLL (JLL) announced that AnaBios will move into about 20,000 square feet at the eight-story Class A life sciences building owned by Phase 3 Real Estate Partners. The space will be used for drug discovery and research translational services based on human tissue and cells, including heart and lung, according to an announcement. Rental rates were not immediately disclosed. SEE ALSO: Brought to You by Prologis: West Coast…

Read More

In San Francisco, a 20-story office tower that sold for $146 million a decade ago was listed in December for just $80 million. In Chicago, a 200,000-square-foot-office building in the city’s Clybourn Corridor that sold in 2004 for nearly $90 million was purchased last month for $20 million, a 78 percent markdown. And in Washington, a 12-story building that mixes office and retail space three blocks from the White House that sold for $100 million in 2018 recently went for just $36 million. Such steep discounts have become normal for…

Read More

Real estate legal services firm Cole Schotz is keeping its feet firmly planted at the Paramount Group’s 1325 Avenue of the Americas. The tenant, which has been in the building since 2016, signed a lease extension with an additional 8,000 square feet from its original 24,000-square-foot workspace. That will bring its total footprint to 32,128 square feet across the 19th and 20th floors, according to Cushman & Wakefield. SEE ALSO: Manhattan and Brooklyn Apartment Rents Hit February Records C&W did not provide the asking rent in the deal, but the…

Read More

Read More

Fintech company Adyen has signed a long-term sublease for 150,000 square feet in San Francisco, taking over the former Pinterest offices at 505 Brannan Street, the biggest office deal so far this year. The deal had been rumored last month, but was confirmed by Adyen in a press release on Wednesday.  The Dutch payment company employees about 2,000 people worldwide, and more than 300 employees will be able to work from its new regional San Francisco headquarters, which will take up all six floors of the building, according to the…

Read More

The commercial real estate brokerage industry on the whole has been an inclusionary catastrophe, and is still vastly dominated by a basic white male upper-middle-class demographic across the U.S. The one saving grace on this score is held almost entirely by women, as the count on people of color of any shade including pink is embarrassingly low. Bear in mind there may not be a more difficult commission-based career to break into anywhere, and lately it is a bit like Hollywood nepotism with the “children-of” filling top seats. The price…

Read More

Buster Posey, the three-time World Series-winning catcher for the San Francisco Giants, quietly scooped up a sweet Lafayette, CA, property in 2023 for $8.3 million. The former All-Star has spent the years following his abrupt MLB retirement making a cross-country U-turn. After departing the Giants after the 2021 season and heading home to Georgia, he sold a different home in the town of Lafayette for $7.5 million. He also unloaded his 106-acre ranch in Northern California shortly after. But while in Georgia, Posey bought into the Giants ownership group and…

Read More

Group I, the developer behind San Francisco’s first office-to-home conversion, has defaulted on a $26 million loan tied to the historic building. The locally based developer was served a notice of default from its lender for the mortgage for 988 Market Street, in Mid-Market, the San Francisco Chronicle reported. After restoring the 40,000-square-foot Warfield Building nearly a decade ago, the firm filed preliminary plans in late 2022 to convert the top five floors into 34 apartments. Now the first project approved in San Francisco to convert vacant offices into housing…

Read More