City: San Francisco

KKR & Co. has confirmed that it has paid $1 billion, or $1,333/sf, for The Exchange on 16th, a 750,000-square-foot office building in San Francisco. The New York investment manager purchased the property from its developer, Kilroy Realty Corp. The 12-story ...

San Francisco Business Times Pacific Gas and Electric Co. is in the market to sell its 1.4 million-square-foot headquarters in downtown San Francisco. The energy company has hired CBRE to market the property, which is expected to fetch around $800 ...

Commercial Real Estate Direct Staff Report KKR & Co. is said to be the buyer of Exchange on 16th, a 750,000-square-foot office building in San Francisco that Kilroy Realty Corp. has agreed to sell for $1.08 billion, or $1,440/sf. The ...

Kilroy Realty Corp. has agreed to sell The Exchange on 16th, a 750,000-square-foot office building in San Francisco, for $1.08 billion, or $1,440/sf. The buyer has not yet been identified. The price would be among the highest, on a square-foot ...

Commercial Real Estate Direct Staff Report AvalonBay Communities Inc. started seeing signs of a recovery during the fourth quarter in markets that were hardest hit by the coronavirus pandemic. The Arlington, Va., REIT's 3,788 apartment units in New York saw ...

Ready Capital has provided $104 million of financing against the 200-unit City Gardens apartment property in San Francisco. The three-year loan, arranged by JLL Capital Markets, allows the property's developer, Panoramic Interests of San Francisco, to retire an $82.3 million ...

Commercial Real Estate Direct Staff Report Alexandria Real Estate Equities Inc. was able to increase rents on lease renewals last year by 18.3 percent to $46.53/sf, marking the largest increase in that metric in 10 years. The Pasadena, Calif., REIT ...

Wall Street Journal Vornado Realty Trust is looking to take full control of Manhattan's 1290 Avenue of the Americas and San Francisco's 555 California St. The New York REIT, which owns a 70 percent stake in both office properties, has ...