Property Types Office
San Francisco's Transbay Officials Lock in Architect with $105M Contract
May 16, 2008
By: Barbra Murray, Contributing Editor

The board of directors for The Transbay Joint Powers Authority has signed off on an agreement with Pelli Clarke Pelli Architects for the firm's design of the new Transbay Transit Center & Tower, which will feature 1.6 million square feet of office space.

Pelli's contract for the Downtown San Francisco project, which is being developed by Hines, is valued at $105 million. Located at First and Mission Streets, the Transbay Transit Center was conceived to serve as the West Coast equivalent of New York City's Grand Central Station. The office tower, featuring 50,000 square feet of ground-level retail, will rise 1,200 feet above the city. The transit center, which will create access to nine transpirations systems under one roof, will be highlighted by a vast green roof that will be part of a 5.4-acre park incorporated into Pelli's design.

Hines expects to kick off development of the Transit Center with a groundbreaking in 2010, with plans to wrap up construction in 2014.

 
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UrbanAmerica Takes Rubicon Portfolio for $515M
July 18, 2008
By Paul Rosta, Senior Associate Editor As some investors stay on the sidelines, others continue to see opportunity in softening asset values. UrbanAmerica, a New York City-based investment firm, has agreed to pay Rubicon America Trust $515 million for a...

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By Scott Baltic, Contributing Editor A partnership including Kent Swig of Swig Equities L.L.C. has sold a pair of pre-war apartment buildings on Manhattan's Upper West Side to a locally--based operator of residential and mixed-use properties for $61 million, or...

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