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Polito to Lead Skender's San Francisco Office as Regional Director of Operations
Skender has promoted Dan Polito to director of operations for Northern California as the company looks to meet the interior construction needs of San Francisco-based firms. As head of Skender's San Francisco office, Polito will manage construction...

Hines to Buy Ygnacio Center
Houston-based Hines and Oaktree Capital Management have a deal in the works to purchase the Ygnacio Center in Walnut Creek, CA from Chicago-based LaSalle Investment Management. The deal could value the property at roughly $221 million, as first reported...

Capital Markets Not Ignoring the Retail Sector
Christiana Mall in Newark, Delaware. Image credit: GGP. While office and hotel properties have been favorites in the capital markets this year, the turbulent retail sector has not been left out. That's been the case this week with details emerging...

Avison Young Gets $250 Million Infusion from Leading Canadian Pension Fund
Caisse de dépôt et placement du Québec, one of Canada's largest pension funds, is making a $250 million preferred equity stake in commercial real estate firm Avison Young, which plans to use the cash to accelerate its plans for global growth. Avison...

SoftBank-Funded Katerra Aims to Disrupt Change-Resistant Construction Industry
Katerra opened a factory in Phoenix last year, the first of five planned manufacturing plants across the United States. Photo courtesy of Katerra. Katerra, a fast-growing building parts maker near Northern California's Silicon Valley, is using billions...

Repeat Institutional Borrowers Heating up Commercial Mortgage Bond Market
One Liberty Corporate Center in Edina, Minnesota, is Workspace Property Trust's largest office building. The commercial mortgage backed securities (CMBS) market has heated up since summer kicked off, with 39 new deals emerging since June 1. In a recent...

Adverum Biotechnologies Signs +80,000-SF Lease for New HQ in Redwood City
Adverum Biotechnologies is headed to Redwood City, CA, after signing an 81,412-square-foot lease with owner HCP, Inc. to occupy 800 and 900 Saginaw Drive for its corporate headquarters. The clinical-stage gene therapy company will relocate in the first...

San Francisco Apartment Rents are on the Rise Again, Led by Gains in the Peninsula
The 409-unit Solaire apartment tower at 299 Fremont St. in San Francisco Year-over-year rent growth in San Francisco’s multifamily market has risen to 2.9 percent, which is on par with the 10-year historical average and up notably from 2016, a year...

Mitsubishi and Principal Financial Launch U.S. CMBS Operation
Photo credit: MUFG Americas MUFG Union Bank, a subsidiary of Tokyo-based Mitsubishi UFJ Financial Group, and Principal Real Estate Investors have decided to jump into the hot U.S. commercial mortgage-backed securities market. The San Francisco-based...

Multifamily Investors Are Getting Used to 'Normal'
U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. "Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and...

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