This Week's San Francisco Deal Sheet
The weekly compilation of the San Francisco Bay Area metro’s biggest leases, sales, financing deals, construction updates, and personnel moves. Have news you’d like to submit?
Email joseph.gordon@bisnow.com
The San Francisco Unified School District hired DLR Group and McCarthy Building Cos. to build a school in San Francisco’s Mission Bay neighborhood. The prospective 81K SF school will offer a STEM learning hub, a district professional development space and an elementary school for 600 students, according to The Registry.
Construction is slated to start next year, with an expected completion date sometime in 2025. The project will cost $95M, and it was funded through the Proposition A 2016 Bond program.
“The new Mission Bay School is a rare opportunity for SFUSD to design a 21st Century school from the ground up. It further strengthens our commitment to each and every student in providing high quality education and ensures they succeed in the future,” San Francisco Board of Education President Jenny Lam said in a press release.
“We are excited to have this new school in a diverse and thriving San Francisco neighborhood where we continue to see housing growth and community development.”
LEASES
CBRE pre-leased a 58K SF space in Oakland to national tire distributor TireHub, ConnectCRE reported. The space, Prologis Park, is owned and was developed by Prologis. CBRE’s Chris van Keulen represented TireHub in the transaction, while CBRE’s Kevin Hatcher represented Prologis.
DEVELOPMENT
Developer Core Spaces has filed a revision to plans for its mixed-use development known as The Hub, expanding the project by adding 268 units to the original 283-unit plans, The Registry reported.
***
Renovations to the Great American Commons office park in Santa Clara are complete, adding several new amenities including a basketball court, a grill station and an activity area. Renovations to the project occurred over two phases.
Recent tenants include Neolife International LLC and Berry Appleman & Leiden LLP. Cushman & Wakefield is handling leasing on the property.
***
The Four Seasons hotel in San Francisco has completed renovations to its lobby, guest rooms and fitness center, Hotel Management reported.
Building permits have been issued for a mixed-used facility in Oakland by CIM Group, according to SF YIMBY. The eight-story project will include 136 residential units and ground-floor retail.
***
Transwestern will develop a biomanufacturing facility in Vacaville, with the first phase of the project estimated to be completed in 2024. The 390K SF facility will be constructed across two phases over the next few years.
