February 10, 2003 San Francisco Business TimesSAN FRANCISCO – Battered by an 80 percent vacancy rate and predicted default, Tishman Speyer Properties is selling its massive Market Center complex. No price has been put on the 727,242-square-foot project at 555-575 ...
February 10, 2003 San Francisco Business TimesSAN FRANCISCO – San Francisco's Rincon Center is on the sales block, and the bidding will likely start at $150 million. Blackstone Group is accepting bids on the 1.2 million-square-foot mixed-use project this month, ...
February 7, 2003 The Mercury News (San Jose, Calif.) (First Item)SAN FRANCISCO – Forest City Enterprises and Westfield America plan to integrate and develop two sites, creating what they promote as one of the nation's largest urban retail centers. The ...
The San Francisco office market's woes are having a sharp impact on a CMBS transaction. A $160 million loan on Market Center is likely to default when it matures next week.
The financing is being used to take out maturing debt on the posh 1,194-room hotel in San Francisco's Union Square area. BofA is expected to securitize at least part of its loan.
January 27, 2003 Los Angeles TimesSAN FRANCISCO – Developers that bought or built offices to capitalize on the 1990s Internet boom, when rents more than doubled in less than four years, are seeking refuge in housing. San Francisco office rents ...
January 15, 2003 San Francisco Business JournalSAN FRANCISCO – Developer Forest City is backing off plans for a 200-room luxury hotel at its redevelopment of the old Emporium site. The move will save Forest City $150 million in construction costs, ...
January 13, 2003 San Francisco Business TimesSAN FRANCISCO – Equity Office Properties has taken control of San Francisco's Ferry Building and two other large office projects following the breakup of its development partnership with Wilson/Equity Office LLC. EOP will gain ...
October 29, 2002 Kimco Realty Corp. (NYSE:KIM) has acquired Westlake Shopping Center, a 562,000-square-foot retail complex that it plans to redevelop in Daly City, Calif.The property was acquired in a deal valued at $80 million.The New Hyde Park, N.Y.-based REIT ...
October 21, 2002CIBC, Bank One and Commercial Bank have provided a $76 million loan for the construction of Bay Street, a 400,000-square-foot retail development in Emeryville, Calif.Mark D. Sixour, senior director in the Houston office of Holliday Fenoglio Fowler LP, ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
