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Tribeca Forecloses on Lembi Buildings

December 30, 2009

Tweet The saga continues….Lembi subsidiary Trophy Properties has given several more properties back to Tribeca. Trophy Properties has lost a few more properties in the city and the peninsula. Some of the properties foreclosed on today as part of a loan originally made by UBS include: San Francisco 2642 Gough Street – 6 Units 2011 […]

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Giant On The Loose: UBS Seeking 800K SF in New York City

December 28, 2009

Tweet Bloomberg is reporting that UBS is out with a requirement for as much as 800,000 square feet in NYC. This would be a huge deal, though again is most likely not a deal which would be really accretive. UBS AG , Switzerland’s biggest bank, is searching for as much as 800,000 square feet of […]

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Britannia R&D Park Picked Up for $38 PSF

September 29, 2009

Tweet Asilomar has picked up the 195,000 square feet R&D park in Fremont (49000-49090 Milmont Drive) formerly known as Britannia R&D Center. UBS sold the property to Asilomar for roughly $7.5M. The park is now known as Dixon Landing Research Park. UBS had been marketing the asset for quite some time. They had been seeking […]

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San Francisco’s Largest Apartment Owner Loses 51 Buildings To Lender

February 1, 2009

Tweet The Lembi Group is San Francisco’s largest owner of apartment buildings. The Lembi Group, which operates Skyline Realty, Trophy Properties, and CitiApartments amassed a portfolio of 8,000 apartments across 307 buildings, and made significant acquisitions over the past several years, and over $400M in 2007 alone.  The Wall Street Journal has a detailed piece […]

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Swiss Bank Privacy Under Attack; Singapore Banking Likely Beneficiary

July 1, 2008

Tweet A federal judge today gave the ok for an IRS investigation to move forward against UBS, a swiss bank. The summons is fairly unprecedented as Swiss banks pride themselves on privacy. In a tax-evasion investigation, IRS is seeking information about US citizens who have not disclosed swiss bank records to the IRS. UBS is […]

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