The Billionaire Shorenstein Family purchased 188 Spear Street in downtown San Francisco for $170 psf, thats 56% less than the property was appraised at in 2007.
Another A building, in the heart of the financial district, 250 Montgomery, sold for $172 psf, which represents a 56% price drop from what the previous owner paid ($385)
Taiwanese real estate investor Steven Pan is in contract to buy 49 Stevenson Street, at $190 psf. Mr. Pan was quite active in the San Francisco market in the mid-1990's, at one point he amassed a 1,000,000 square foot portfolio.
Subscribe to:
Post Comments (Atom)
Posts
Who is Steven Pan? IS he oversees Taiwan's largest listed hotel operator, which owns Grand Formosa Regent.
ReplyDeleteYes, its the same Steven Pan.
ReplyDelete