Morris, Polich & Purdy Leases 20,178 SF
January 27th, 2010 Filed Under Financial District, Tenant Activity
The CoStar Group
By Lauren Greenwald
January 27th, 2010
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Benefit Cosmetics Takes 52,580 SF
January 27th, 2010 Filed Under Financial District, Tenant Activity
The Costar Group
By Ryan Munneke
January 27th, 2010
Benefit Cosmetics signed a 10-year lease for 52,580 square feet at 225 Bush St. in San Francisco.
The company will take the top three floors of the building in July. The building is the former Standard Oil headquarters from 1928 to the early 1970s.
Shap Roeder and Jak Churton of CB Richard Ellis represented the tenant. Karen Wells and Wes Powell of Jones Lang LaSalle of San Francisco represented the landlord, SEB Immobilien-Investment Group GMBH.
49 Stevenson sells for $24.2 million
January 11th, 2010 Filed Under Development Updates, South of Market
San Francisco Business Times
By J.K. Dineen
January 11th, 2010
Taiwanese real estate investor Steven Pan has finalized the purchase of 49 Stevenson St. for $24.2 million, the latest sign that San Francisco’s long-dormant investment market is starting to come to life.
The $190-a-square-foot sale price represents a 40 percent decline for the value of the property, which the city currently assesses at $41 million. The seller was Invesco.
The sale price would be consistent with the other two similar second-tier downtown buildings that have sold in the last six months. In November the Shorenstein [More...]
Twitter to double space
January 5th, 2010 Filed Under Midmarket/ City Hall, South of Market, Tenant Activity
The San Francisco Business Times
By J.K. Dineen
January 5th, 2010
Three months after tripling its San Francisco headquarters, social media company Twitter is again expanding its SoMa offices, a 41-month lease worth more than $3 million.
Twitter has grabbed just under 32,000 square feet at 795 Folsom St., taking the entire third floor of the building, which is owned by Westcore Properties. With the new lease Twitter now has 63,222 square feet in the building — enough space to accommodate about 350 employees. Twitter now has 156 employees, with 23 openings, according to its web site. [More...]
