We're in SF today, you can tell by all the cranes. Especially in the South of Market area, where on Thursday we host our annual look at the tech-driven frenzy still going on here. Like this site that Boston Properties reportedly bought from Beacon Capital for $71 million. (Note to Ray Ritchey: Please correct us if we're wrong; otherwise, congrats!)
A couple blocks down the street, we snapped a $250 million, 27 floor building LA-based Kilroy is doing,all 440k SF of which Sales Force will lease for 14 years. And that's just for the tech company to add to its collection of space in many other buildings nearby--not to mention the 14 acres it has in Mission Bay for a possible future campus. Sales Force is now the second largest office space user in SF after Wells Fargo, symbolic in this traditional bastion of banks.
And here's 680 Folsom, a 1965 469k foot former AT&T building also acquired by Boston Properties, which as you can see is in the middle of redevelopment on this beautiful day.
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