Category: Other categories

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… 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… 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… Read More

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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,… 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… 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… 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… Read More

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Home construction is at a general standstill in San Francisco, but not on Treasure Island. With 1,000 homes on the island either finished, under construction or about to break ground, Mayor London Breed and Supervisor Matt Dorsey have launched legislation to hasten financing for infrastructure to support another 1,000, the San Francisco Chronicle reported. The legislation would provide $115 million… Read More