Regions West
JV Closes Purchase of San Fran Business Park
July 18, 2008

A joint venture between Shorenstein Properties L.L.C. and SKS Investments completed the acquisition of Oyster Point Business Park and Oyster Cove Marina, a six-building flex/industrial property in South San Francisco, Calif. The seller, Shelton Corp. was represented by NAI BT Commercial Investment Services Group.  Terms of the transaction were not disclosed. The business park is 88 percent leased and consists of six single story buildings totaling 404,215 square feet.  Built between 1982 and 1984, the 34.34-acre property sits on Oyster Point Boulevard and is one mile east of Highway 101 and 1.5 miles north of San Francisco International Airport.  Additionally, an adjacent ferry terminal is under construction and service is expected to begin by late 2009. Shorenstein Properties made the purchase on behalf of its ninth investment fund, Shorenstein Realty Investors Nine L.P.

 
Recent West Headlines
Ross Joins Grubb as SVP
Dec. 04, 2008
Grubb & Ellis Co. announced that 28-year commercial real estate veteran Michael Ross has joined its downtown Los Angeles office as a senior vice president, responsible for investment sales on behalf of institutional and high net worth investors.
KBS Buys 2 Sacramento Office Buildings for $21M
Dec. 02, 2008
KBS Real Estate Investment Trust I has acquired two buildings totaling 105,003 square feet of office and amenity space at City Gate Plaza, a master-planned office park in the South Natomas submarket of Sacramento, Calif.
ShareBuilder Takes 130,000 SF in Seattle’s Pioneer Square
Dec. 02, 2008
ShareBuilder, an online brokerage and investment subsidiary of ING Bank fsb, is growing so rapidly that it needs more space and is moving from Bellevue, Wash., to 83 King St. in Seattle’s Pioneer Square, an eight-story building owned by Starbucks.
San Fran Approves $2B Housing, Stadium Plan
Dec. 02, 2008
The San Francisco Board of Supervisors has approved a resolution endorsing the funding plan for the redevelopment of Candlestick Point and Hunters Point Shipyard, which will entail the construction of 10,500 new homes, retail, office, open space and a new stadium for the city's 49ers football team.
$300M California Hospital Expansion Gets Nod from City Council
Nov. 26, 2008
The City Council of Valencia, Calif., has approved the $300 million expansion plan for Henry Mayo Newhall Hospital, under which the facility will gain a new patient wing and three additional medical buildings, along with a helipad and new parking structures.