The 22-story office tower at 350 California Street in San Francisco’s Financial District has been sold for $61 Million, less than a quarter of the initial asking price. The property was sold by Mitsubishi UFJ Financial Group to the joint venture of Swig Company and SKS Partners.
Gensler has announced it has signed a new lease, moving its San Francisco offices from 45 Fremont Street to the Mills Building at 220 Montgomery Street in the Financial District. The recently-renovated offices offer Gensler one consecutive floor. Swig Company is the property owner.
The Russ Building, located at 235 Montgomery Street, is the forty-ninth entry on SFYIMBY’s countdown of the fifty-two tallest proposed or finished towers in the Bay Area. With a rooftop height of 435 feet, it is tied as the 48th tallest skyscraper. It is the first on our list to not be in SoMa, to share its position with another building, and to have once held the title as tallest in the city. It is also the second oldest skyscraper on our list, having opened in 1927. It contains modernized office space in San Francisco’s Financial District. After a 2016 renovation, it received LEED Platinum certification. Shorenstein Properties manages the building, with the Swig Company as the property owner.
Recent images show that the recladding and five-story expansion of the office building at 633 Folsom Street, SoMa is nearly complete. The new design is by Gensler, an international architecture firm, with development by the building owner, Swig Company. A future tenant has already been secured by CBRE, Asana, a tech company owned by Facebook co-founder Dustin Moskovitz. Occupancy is expected soon.