San Francisco Area News

Bixby, AXA Teaming Up to Acquire $400 Million in Western US Logistics Properties

Bixby Land Co., which is partnering with AXA, recently acquired a nearly 150,000-square-foot logistics facility in Phoenix's West 10 Business Center. Newport Beach, CA-based Bixby Land Co. has teamed with the real assets division of Paris-based AXA Investment Managers to target up to $400 million in acquisitions in the blazing hot industrial real estate sector. Through the joint venture, the companies will target mid-size, leased properties in...
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Posted: February 21, 2018, 4:09 am

Axar Capital Acquiring Majority Stake in Terra Capital Partners

Rendering for 405 E. 4th Ave. in San Mateo, CA, the latest project financed by Terra Capital Partners Terra Capital Partners, a New York City based real estate finance firm, has entered into an investment and partnership agreement with Axar Capital Management LP. The amount of the investment was not disclosed but is expected to enable Terra to broaden its investment mandate beyond its core focus on providing CRE mezzanine and bridge loans. Axar...
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Posted: February 20, 2018, 7:25 am

Allianz Pays $235.3 Million to Increase Ownership in San Francisco Portfolio

Allianz Real Estate paid $235.3 million to joint venture partner Columbia Property Trust (NYSE: CXP) to increase its stake in the Wells Fargo Building in downtown San Francisco and University Circle in East Palo Alto by an additional 22.5 percent. Columbia Property Trust completed a $395.25 million deal back in late 2012 to acquire the 33-story 657,115-square-foot Wells Fargo Building at 333 Market St. in downtown San Francisco, roughly seven...
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Posted: February 20, 2018, 6:09 am

Stitch Fix Tailors HQ Space, Expands by 39,000 SF at One Montgomery Tower

Stitch Fix, an online personal stylist service, has amended its headquarters lease at One Montgomery Tower, expanding its corporate office space in the downtown San Francisco high-rise by 39,000 square feet for a total of 134,000 square feet across seven floors in the building. The existing lease term was extended 4.5 years to match the 10-year term for the expansion space. Located in the Financial District, the Post Montgomery Center building...
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Posted: February 9, 2018, 8:43 am

Easy Post Subleases Space at 345 California Center

Easy Post, an API shipping developer, signed a 16,803-square-foot sublease for the 10th floor at 345 California Center in San Francisco's financial district. The Class A, 48-story, 600,000-square-foot office building has office space on floors 1-35 and the Loews Regency Hotel from floors 38-48. In 2011 and 2015, the building was awarded LEED certification at the Gold level by the U.S. Green Building Council. Yoav Ben-Shushan of Starboard...
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Posted: February 9, 2018, 5:33 am