9/8/2017

 

Summer usually means slower Real Estate transactions. Here’s what happened in the SF Residential and Commercial market since 7/14:

 

Amazon leased 180,000 sq. ft. at 525 Market. Asking was in the high 70’s but we don’t know what number was finally agreed upon.

 

Kudos to LBG and Aviva Investors for purchasing the Richmond Hilltop mall covering over 1.1M square feet. The property is zoned for 9600 Homes, a hotel and even office. All we know is that the Buyer paid well below $50M...Anchor tenants are 24 Hour Fitness, Macy’s, Sears and Walmart.

 

901 Battery a 72,000 square foot office building sold for $55 million or $763 per square foot.

 

The developer behind of the retail building at 945 Market  wants to turn the top 2 floors of retail into office.

Tishman who had put the 452,418 square foot 222 Second Street property for sale last year ended up purchasing the unit and buying out its partner by paying JP Morgan Asset Management 530M or $1200 per sq. ft. for the property.

 

Pacific Place, a mixed use building home of Old Navy at 4th and Market in SF, sold for $475M for $1082 per sq. ft. The property includes about 200,000 sq. ft. of retail leased to Old, Navy, Trader Joe’s, Levi’s and the container store and about 235,000 sq. ft. of office space leased to Intuit.Finally, the building also includes Hotel Palomar.

 

201 California in SF, an office building about 262,000 sq. ft. , is on the block and could fetch over 183.5M or $700 per sq. ft.

 

288 Pacific will soon release 33  brand new luxury condos in Jackson Square and we can’t wait.

 

Plaid just leased 26,000 sq. ft. at  85 Second St., taking almost 26,000 square feet for a  under $75 per sq. ft per year.

 

The parking lot at 424 Brannan is going to be a hotel but needs to go through entitlement first.

634 2nd street, a 46,752 sq. ft. building, is on the block for a rumored $40M or $849 per sq. ft.

 

401 Washington Street is also for sale for a rumored office building in San Francisco. The potential sales $15 million or $942 per sq. ft. 

 

130-138 9th Street and 122 9th Street are on the block for a combined $15.5 Million. We are trying to determine the exact footage to give you an idea of the price per square foot.

 

The All Star Donut site at 5th and Harrison is likely to become a hotel rather than housing now. It is part of the Central Soma Plan which means developer can upzone. Further as a hotel there are no affordable housing requirements…

 

It is too bad OSH could not convert 975 Bryant (right before the hall of justice, Cafe Roma and the freeway off ramp) into a store. We are now going to have rentals on the site. More to come.

 

The Fast Frame site at Gough and Market will be rentals over commercial.

 

980 Folsom at 5th will be 33 condos over commercial.

 

 

 

 

 

 

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