In the News

LaSalle, Harvest JV Buys $35M SF Mixed-Use Asset

San Francisco—Harvest Properties and LaSalle Investment Management have acquired 1149 Chess Drive in Foster City from Whitney Investments and Woodstock Development for about $35.3 million, or $280 per square foot. Mike Moran, managing principal of Cushman & Wakefield, represented Harvest and LaSalle.

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Exclusive: Developer buys Peninsula office building and fully leases to tech firm

Harvest Properties and LaSalle Investment Management have purchased a vacant office and R&D building in Foster City and immediately leased the entire building to a tech firm.

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While Oakland office renovations abound, new construction remains stalled

In one sense, downtown Oakland’s office market is a busy place: Developers are eagerly snapping up old, historic buildings and renovating them into creative space. Rents continue to rise sharply, and an influx of tenants, many from San Francisco, have driven vacancy rates down to a microscopic 3.2 percent. In another sense, there’s very little happening […]

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Will rising construction costs choke the Bay Area’s development pipeline?

There’s no question that Bay Area contractors and developers are feeling the crunch of the overheated construction market – to the point that some developments have been put on hold. The biggest problem, they say, is that demand for subcontractors far outweighs supply, which is driving costs to unsustainable levels.

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TH Real Estate to Buy 400 Montgomery in San Francisco for $50MM

New York City-based TH Real Estate, a division of TIAA Global Asset Management is planning on acquiring the 85,011 square foot 400 Montgomery office building in San Francisco for approximately $50 million, according to sources familiar with the transaction. The property is under contract to the buyer with a closing projected to happen very soon. TH […]

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