Strada is set to purchase the 18-story office tower at 201 Spear Street in San Francisco’s Financial District. The reported price is just 57% of what KBS Realty Advisors paid for in 2013. The price per square foot puts the deal within the existing range of sales in the region’s struggling post-pandemic office market.
New plans have been filed to create a bookstore and event space inside the 115-year-old brick building at 556 Commercial Street in San Francisco’s Financial District. The application was filed on behalf of the Center for the Art of Translation, the property owner and a non-profit literary community that promotes and supports literary translation and translators.
The American Institute of Architects, San Francisco, opened its new headquarters and the Center for Architecture + Design last Friday at 140 Sutter Street in downtown San Francisco. The civic-minded institution will provide a new cultural hub for lectures, events, and film screenings inside the historic Hallidie Building. Aidlin Darling Design, a San Francisco-based architecture firm, is responsible for the interior design, working alongside a team of collaborators.
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.
Renovation work is wrapping up for what will become the only new hotel to open in San Francisco’s Financial District. The former Le Méridien at 333 Battery Street was purchased by KHP Capital Partners for $221 million in 2021 and is expected to open later this year as the Jay Hotel. The 25-story hotel first opened in 1989 with the architecture by John Portman & Associates.