Investor News

Local investors are coming out in full force making Q2 a huge quarter so far for commercial sales. Recent transactions include the historic Lobero Office Building (pictured at right) selling for an undisclosed amount, the 110-150 Castilian properties selling for over $16M, and an industrial/office property at 4171-4183 State Street selling for almost $9M. State Street has also been active with the Sur La Table building selling for over $4.5M and Tienda Ho at 1105 State selling at almost $2.5M with a few others in escrow as well. We predict a flurry of State Street sales this year as owner-users and developers reposition these retail properties into offices, residential and hotels.