Broadway Partners Runs Into Trouble - San Francisco Holdings On The Table?
October 11, 2008
During 2006 and 2007, New York’s Broadway partners went on a tear, acquiring billions of dollars worth of real estate, with Lehman Partners providing the financing for a good chunk of it. That put Broadway Partners on the map as the third largest acquirer of New York City office buildings after Macklowe and Tishman Speyer.
It [...]
SFO Logistics Center Sells To Centrum
August 13, 2008
Centrum Properties and Angelo, Gordon, & Co. purchased SFO Logistics Center from the GSA for roughly $72M. The price also included an adjacent 5 acre parcel which the buyers will use to improve accessibility to the warehouse, in addition to building an additional 50K SF of industrial space on.
The logistic center/warehouse is approximately 571K SF [...]
Roche Offers $44B For South San Francisco Giant Genentech
July 21, 2008
Roche (ADR: RHHBY) has offered $44B for Genentech (NYSE: DNA). The two companies both have a presence in the Bay Area, with Roche having offices in Palo Alto, and Genentech being headquartered in South San Francisco.
Genentech currently occupies 48 buildings in South San Francisco. 13 of those are owned with the balance being leased.
If this [...]
Amgen Shedding 365,000 SF of Space in South San Francisco
August 16, 2007
In response to a reduction in forecasted revenues, Amgen is offering for sublease 365,000 Square Feet of R&D and Office Space in South San Francisco. The space is spread across three properties, one of which is in shell condition. The other two spaces are currently under construction and will be available sometime in 2008.
While most [...]