There was more canned food than a decade's worth of 1950s dinner parties last week at One Rincon Center, as nine teams of architects, engineers, and contractors participated in the third annual San Francisco Canstruction.
The event, which included Juror's Favorite winner Duck Hunt: Aiming to Reduce Hunger
(above) by Huntsman Architectural Group
, Rutherford + Chekene
, and GCI General Contractors
, generated more than 27,000 pounds of food
and $10,000 in donations for the San Francisco and Marin Food Banks. This year's theme—"From CANdyland to WoW" (no, our cap lock hasn't gone crazy)—had the teams build giant canned food versions of their favorite board, video, arcade, or digital games.
Solving the Hunger Puzzle
, by SmithGroupJJR
, Source Planning and Construction
, Tipping Mar
, and Parsons Brinckerhoff
, took home the Best Meal Award. Other winning teams include MBH Architects
and Threadbare Games
, Ben C. Gerwick Inc
, and Principal Builders
; and DPR
. Each structure used anywhere from 2,000 to 5,000-plus cans of food each.SALES
sweetened up its portfolio of high-profile retail destinations with the purchase of Ghirardelli Square
at Fisherman's Wharf. The company will launch a multimillion-dollar renovation program over the next two years to stabilize
the historic, 100k SF complex and add new retail concepts
. The retail space is 55% leased, including the Ghirardelli Chocolate Co's US flagship store. HFF's Nicholas Bicardo
and Mark Damiani
repped the seller, a financial institution.
and Prudential Real Estate Investors
bought 555 City Center, a 20-story, 490k SF office tower in Oakland, from CBRE Investors
. Eastdil Secured's Jeffrey Weber
, Stephen Van Dusen
, Mark Penrod
, Darin Rodriguez
, and Daniel Cichocki
brokered the deal, which marks Emeryville-based Harvest's entry into Oakland.
Phillips Edison-ARC Shopping Center REIT acquired Red Maple Village, a 98k SF Raley's anchored shopping center in Tracy.
A sale-leaseback transaction put Gumina Trust in the driver's seat at 2055 Meridian Park Blvd in Concord, long-time home of AAA Northern California, Nevada and Utah. Transwestern's Tom Caple repped Gumina. JLL's Kevin Mechelke repped AAA, which will remain in the 25k SF office building under a long-term lease.
A pair of CVS stores in Sacramento and Monterey Bay sold for a total of $7.2M. Both stores are 33k SF on three acres and have nine years left on their initial 22-year leases, with options to renew. The Heritage Group repped the seller, while The Royston Group represented the buyer.
The Department of Housing and Urban Development
signed a 10-year lease for 50k SF at the One Sansome Street Tower. HUD will occupy floors 10 to 12 and part of the ninth floor starting in Q2 2014. The building, a JV between Prudential Real Estate Investors
and Barker Pacific Group
, is currently 85% leased. CBRE's Meade Boutwell
, Phil Tippett
, and Cori English
repped the building. In addition, Michael Page International
and Post Street Capital Management
leased 2,867 SF and 2,042 SF, respectively. JLL's Jason Volpe
and CM Commercial's Robert Tasker
were the tenant brokers for the latter deals.
East Bay Logistics signed a long-term lease at 1800 Merced St in San Leandro, a 105k SF warehouse distribution building. Colliers International's Greig Lagomarsino, Rick Keely, and Nick Ousman repped landlord Allan & Henry, while Cassidy Turley's Jay Hagglund represented the tenant. The third-party logistics company stores and distributes cocoa and coffee beans to companies like Starbucks and Green Mountain Coffee.
Viking leased 11k SF of industrial space in Concord, 2355 Whitman Rd, in a relocation from Hayward. The appliance company initially will use the space for storage and distribution, but may build a showroom in the future, according to Transwestern's Tom Caple, who repped property owner Hofmann Plastering. JLL's Jason Ovadia repped Viking.
For those who think they can't spend enough time on Facebook
, the day when they can live in a Facebook-influenced community may be at hand. St. Anton Partners
and the social media company are collaborating on Anton Menlo, a $120M, 394-unit
apartment community within walking distance of Facebook's existing Menlo Park HQ and its new West Campus, currently under construction. Designed by KTGY Group
, the infill redevelopment is planned on nearly 10 acres of former industrial land. The site recently received its final zoning approval
from the Menlo Park City Council and is currently in design review. Demolition and grading are slated to begin this month
. The designers developed the project's extensive array of tech and community amenities through focus groups
, surveys, and coordination with Facebook.
Centerra, a 21-story, 347-unit mixed-use high-rise, broke ground in downtown San Jose. The land owner is the AFL-CIO Building Investment Trust and the developer is SIMEON Residential Properties. The project, which is being constructed exclusively with local building trades, is scheduled for completion in fall 2015. Alliance Residential will manage the building.
Toll Brothers bought more than 12 acres of unimproved land in Milpitas for the development of Traverse, a $100M development consisting of 98 townhomes and 108 condos. Construction is slated to begin in mid-2014. The Hoffman Co's Cameron Fowler closed the deal between Toll and seller Warmington Residential.
Mill Valley-based multifamily developer Thompson | Dorfman Partners launched a new division—TDP | Bay Area Partners—to focus on urban infill, mixed-use development opportunities. Former Castle Group principal Bruce Fairty has joined the company as a partner. The new division hopes to have a pipeline of up to $750M worth of projects within the next three to five years.
Cohen Financial's Paul Schroeder
secured a $4M bridge loan from Bolour Associates
for a 251k SF fully leased warehouse facility in Alameda (above), and an $8M refi loan from StanCorp Mortgage Investors
for 777 N First St, a 90k SF office building in San Jose.EXECUTIVE NEWS
Ashley John Powell has rejoined Bentall Kennedy as SVP of transactions in San Francisco. At RREEF Alternative Investments, he oversaw the RREEF development and value-add group in the Western US.
Doug Sugimoto joined Cushman & Wakefield's Silicon Valley office as a senior director focusing on tenant representation. Most recently an SVP with DTZ, the 30-year veteran also has worked as an in-house commercial real estate exec with Silicon Valley firms such as Intuit, Silicon Graphics, Covad, and 3Com.
Stefanie Kondor joined Bayside Communities as a senior asset manager, responsible for overseeing the leasing activities, maintenance, and capital improvements of 29 apartment complexes. She'll also assist in acquiring additional properties.
Michael Cisternino joined Transwestern's Walnut Creek East Bay office as VP and director of investment sales. He comes to the firm from Marcus & Millichap's national retail group.
Sabine Zimmerhansl joined Colliers International as chief marketing officer for the firm's offices in Silicon Valley and lower San Francisco Peninsula, the East Bay, Central Valley, Reno and Las Vegas.
Cushman & Wakefield and McCuen Properties formed a strategic partnership to provide property management services in the Sacramento area. The agreement increases C&W's NorCal management presence to nearly 32M SF. McCuen will continue to operate its development arm separately from the new partnership.