Lake Merritt Plaza, one of Oakland’s premier office buildings, was sold by Transpacific Development Co. for $160 million – or $314 a square foot – to Boston-based Beacon Capital Partners.
Grubb lands art museum contract
The Contemporary Art Museum in Raleigh has chosen Grubb Properties of Charlotte to redevelop a half-acre site and 20,000-square-foot warehouse into a permanent home for the museum.
Preiss teams up with equity firm in $100M student housing venture
The Preiss Co. is joining forces with a Chicago real estate capital firm in a venture to acquire and develop more than $100 million worth of student housing complexes over the next two years.
Report: Valley’s commercial real estate sector generates $2.4B annually
The construction value of new office buildings, retail stores and industrial properties added each year in Maricopa County is about $1.3 billion, and the total economic activity sparked by that work each year is $2.4 billion.
Affordable housing project planned for South Lake Union
Vulcan Inc. said it will build a 53-unit apartment complex for low-income workers at the northwest corner of Denny Way and Dexter Avenue in Seattle’s South Lake Union neighborhood.