Commercial real estate news and analysis for the San Francisco market.
A fully leased, three-story office and retail property at 384 University Avenue in downtown Palo Alto has secured $13.5 million in permanent financing. Gantry arranged the five-year fixed-rate loan on behalf of Big Property Ventures and Baskin Investment Group to address a maturing loan deadline.
In what executives are calling a first for commercial real estate, BXP has bundled blockchain-documented digital property rights into a $132 million office campus sale, potentially establishing a new framework for how physical assets are monetized in virtual environments.
TMG Partners assumed the ground lease on the four-story Metreon shopping center in downtown San Francisco, a 92% leased property previously assessed at $150.7 million, with plans to rebrand the fourth-floor event space.
Chicago-based Waterton acquired the Misora apartment community from Federal Realty Investment Trust for approximately $701,000 per unit, with plans to renovate all 212 residences in Silicon Valley's premier mixed-use district.