San Francisco Area News

Greenland Exits NoHo Metro Development

The American subsidiary of Chinese developer Greenland Group has backed out of negotiations for the massive 1.9 million-square-foot, mixed-use project at North Hollywood's Red Line Metro stop. Greenland USA and Trammell Crow Co., the Dallas-based development subsidiary of CBRE Group, Inc., were originally selected for joint negotiations last May by the Los Angeles County Metropolitan Transportation Authority. The two firms were expected to...
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Posted: November 16, 2017, 3:53 am

IRR Expands in NorCal with Launch of New San Francisco, Sacramento Offices

Pictured from left to right: Lance Jordan, MAI, Senior Managing Director, IRR-Sacramento; Nelson Wong, MAI, Senior Managing Director, IRR-San Francisco; Eric Segal, MAI, Senior Managing Director, IRR-Sacramento; and Kevin Ziegenmeyer, MAI, Senior Managing Director, IRR-San Francisco. The largest commercial real estate valuation services firm in North America will expand its service lines in Northern California with...
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Posted: November 16, 2017, 2:27 am

Trinity Secures $275 Million Refi for Trinity Place Apt. in Downtown San Francisco

Trinity has secured two new loans totaling $275 million to refinance phase one and three of the company's Trinity Place apartment development located in downtown San Francisco. PGIM Real Estate Finance, the commercial mortgage finance business of Prudential Financial's (NYSE: PRU) $1 trillion global investment management business, PGIM, provided the two 10-year refinancing loans, which when combined with an already in-place $73 million loan on...
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Posted: November 13, 2017, 5:12 am