“In early July, GSAM PRE in a JV with HP Investors closed a deal for 1300 Broadway, a 58K SF historic office building in Downtown Oakland.” Joseph Sumberg has witnessed a significant shift in Oakland’s office market. New offices are changing the downtown skyline and thousands of multifamily units are in the pipeline, many of which […]
Category Archives: Bisnow
06
Aug
Aug
August 06, 2015 Jarred Schenke, Bisnow Atlanta It’s took quite a few quarters for HP Investors’ latest buy, as the SD firm picked up McGrath Center, a nearly 300k SF power center for $107M. For HP managing partner Sumeet Parekh, it’s a return to his childhood in some ways. The stabilized deal—bought at a 5% cap—was […]
02
Jul
Jul
July 02, 2015 Tierney Plumb, Bisnow SF The first buy out of HP’s new Oakland office is a 9,115 SF vacant retail property in the Jack London District, which it acquired for an undisclosed sum, HP principal and manager of the new Oakland office Isaac Abid tells us. The purchase marks the company’s 25th acquisition in the past 48 months. The […]
28
May
May
May 28, 2015 Jarred Schenke, Bisnow Atlanta San Diego HP Investors, led by former Carlyle Group investment manager Sumeet Parekh, just entered the Portland market with the purchase of Block 90, a 48k SF creative office mixed-use property in the city’s historic Pearl District. And Sumeet tells us the price per pound for the fully leased […]
26
Mar
Mar
March 26, 2015 Jarred Schenke, Bisnow Atlanta Sharp Rees Stealy recently inked a deal for a 100k SF build-to-suit project on 3.5 acres at the former Hooters restaurant site off West Bernardo Drive overlooking I-15 in Rancho Bernardo. The move will replace the healthcare company’s facility at 16950 Via Tazon that is a little more than […]
18
Nov
Nov
November 18, 2014 Bisnow A thriving urban core is hard to define, but people can feel the energy. According to Bisnow’s Future of Downtown speakers, Downtown San Diego’s now more than just a slate for future development (though there’s plenty of that), it’s being transformed into a high-energy urban core. Arguably, Downtown’s renaissance has been underway […]