CBRE Capital Markets Arranges Sale & Financing of a Creative Office Building in San Francisco

San Francisco, CA – CBRE Capital Markets’ announces the sale and financing for a creative office building at 153 Townsend Street. The nine-story, 179,000 square-foot Class A building is located across from Oracle Park in the SOMA district of San Francisco. CBRE’s San Francisco Investment Sales team, comprised of Mike Taquino, Kyle Kovac, and Giancarlo Sangiacomo, advised on the transaction with the Seller American Realty Advisors and the Buyer Ellis Partners. The purchase is the first investment in Ellis Partners’ EPNY investment vehicle which was formed to acquire and manage core office, industrial and retail properties in the San Francisco Bay …

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Real Estate Allies Buy Choice Downtown Oakland Site, Eye New Tower

OAKLAND, CA — A prime site for development in downtown Oakland has been bought by real estate allies that are eyeing the property as the location of a modern office tower. The property where the office high-rise could sprout is located at 1919 Webster St. at the corner of 19th Street in downtown Oakland. Ellis Partners, a veteran Bay Area developer, and Intercontinental Real Estate, a real estate firm with a nationwide reach, have teamed up to buy and develop the property. The development alliance paid $23.5 million for the property, according to documents filed on April 2 with the Alameda County Recorder’s …

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