News
San Francisco Office

CBRE JV With German Fund Buying Netflix HQ for $192M

CBRE Global Investors and Germany-based WealthCap Management are expected to close on the 263k SF Netflix HQ in the next couple of weeks. We reported owners Menlo Park-based Sand Hill Property Co and The Carlyle Group put the office on the market in May. Netflix has signed a 10-year triple-net lease on the property that runs through 2025. When JLL was charged with selling the property, JLL managing director Erik Doyle said he expected foreign capital sources to be interested in the new two-building campus. [TR]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme