National market report

TRD MIAMI /
Apr.April 05, 2010 12:00 PM
A potential sell-off of state-owned California real estate could be the state’s largest ever.

From the New York April issue: Approximately 1.6 million square feet of state-owned real estate in San Francisco and Oakland may be sold in what could potentially be the largest real estate sell-off in the state government’s history, according to Bloomberg news. With 7.3 million square feet across the state potentially on the block, northern California residents could see the 900,000-square-foot San Francisco Civic Center and a 700,000-square-foot office tower in Oakland under new ownership. The sale is part of an effort to cover a massive state deficit. CB Richard Ellis is marketing the listings. “We are confident that the expansive global marketing campaign we’re launching today will attract strong national and international interest in this generational acquisition opportunity,” said Kevin Shannon, a vice chairman with CBRE. Click here for more real estate headlines from around the country. Compiled by Amy Tennery


Related Articles

arrow_forward_ios
National market report: Las Vegas desert strip slated for housing complex, Amazon makes big moves in Boston & more

National market report: Las Vegas desert strip slated for housing complex, Amazon makes big moves in Boston & more

National market report: Las Vegas desert strip slated for housing complex, Amazon makes big moves in Boston & more
National market report: Google proposes massive San Jose Campus, an aging mixed-use complex in Phoenix is getting a facelift … & more

National market report: Google proposes massive San Jose Campus, an aging mixed-use complex in Phoenix is getting a facelift … & more

National market report: Google proposes massive San Jose Campus, an aging mixed-use complex in Phoenix is getting a facelift … & more
National Real Estate Cheat Sheet: Home flipping loans hit 9-year high, rents drop in San Francisco … & more

National Real Estate Cheat Sheet: Home flipping loans hit 9-year high, rents drop in San Francisco … & more

National Real Estate Cheat Sheet: Home flipping loans hit 9-year high, rents drop in San Francisco … & more
National Market Report: Bubble concerns for San Francisco office market, Andre Agassi’s real estate fund flips for a profit in Philadelphia … and more

National Market Report: Bubble concerns for San Francisco office market, Andre Agassi’s real estate fund flips for a profit in Philadelphia … and more

National Market Report: Bubble concerns for San Francisco office market, Andre Agassi’s real estate fund flips for a profit in Philadelphia … and more
National Market Report: Philly’s soaring rents, San Francisco’s rising skyline … and more

National Market Report: Philly’s soaring rents, San Francisco’s rising skyline … and more

National Market Report: Philly’s soaring rents, San Francisco’s rising skyline … and more
Placeholder image

Adam Warner

Adam Warner
America’s five most affordable cities

America’s five most affordable cities

America’s five most affordable cities
Placeholder image

National market report

National market report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...