Wells Fargo, with roots dating back to Old West stagecoaches laden with gold, may be drifting East. The San Francisco-based bank is poised to put its headquarters at 420 Montgomery Street up for sale, while shutting down its last history museum after its C-suite decamped to New York, the Wall Street Journal reported, citing unidentified […] The post Wells Fargo to sell its longtime headquarters in San Francisco appeared first on The Real Deal ..read more

Landlords have hiked rents in eight of the 11 largest cities in the Golden State, while ratcheting down rents in Santa Ana, San Diego and Oakland. The largest rent hikes last month occurred in Bakersfield at 8 percent, followed by Los Angeles at 7 percent and San Jose at 6 percent, the Orange County Register […] The post Rents increase in eight of California’s 11 largest cities appeared first on The Real Deal ..read more

Robert Redford has listed his split-level cottage flanked by redwoods in Tiburon for $4.15 million. The actor and director known for such films as “Butch Cassidy and the Sundance Kid” and “The Horse Whisperer” has put the 2,800-square-foot house up for sale at 2517 Mar East Street, the San Francisco Chronicle reported. The Academy Award-winning […] The post Robert Redford lists “oasis of privacy” cottage in Tiburon for $4M appeared first on The Real Deal ..read more

Annie Leibovitz has sold her 65-acre farm estate in the coastal Marin town of Bolinas for $8.45 million, according to property records.  The famous photographer listed the farm at 605 Horseshoe Hill Road, previously a longtime retreat for financier and Hardly Strictly Bluegrass festival founder Warren Hellman, for just under $9 million in April.  Leibovitz […] The post Annie Leibovitz sells 65-acre Marin County farm for $8.5M appeared first on The Real Deal ..read more

Jackson Square, a relative beacon in a distressed San Francisco office market, is showing signs of strain. Roth Jackson LLC, which defaulted on a $13.6 million loan this summer linked to a 30,100-square-foot office building at 244 Jackson Street, is scrambling to find a buyer after a pending deal hit the skids, the San Francisco […] The post Frayed office sale undercuts optimism in SF’s Jackson Square  appeared first on The Real Deal ..read more

Kylli has received a green light to build a 49-acre, 2,600-home urban village in Santa Clara with an emphasis on the residential rather than office market. The San Francisco unit of China-based Genzon Group was approved by the City Council for its Mission Point development at 3005 Democracy Way, the San Jose Mercury News reported. […] The post Kylli shifts to residential at 2,600-unit urban village in Santa Clara appeared first on The Real Deal ..read more

It may take years for Macy’s to pack its suits and dresses out of San Francisco’s Union Square. The New York-based retailer, which announced in February it would close its 400,000-square-foot store at 170 O’Farrell Street, will have a tough time selling it, brokers and developers told The San Francisco Standard. There’s little demand for […] The post Macy’s faces “anemic” market for SF flagship in Union Square appeared first on The Real Deal ..read more

A limited liability company has bought a 7,600-square-foot house remodeled by architect-investor Michael Kao in upscale Hillsborough for $18.8 million. LilyPad 2024, a San Jose-based LLC tied to CPA Karen Valladao, purchased the newly rebuilt home at 760 Chiltern Road, according to the San Francisco Business Times and Robb Report. The seller was Kao, founder […] The post Architect sells “modern-day farmhouse” in Hillsborough for $19M appeared first on The Real Deal ..read more

Z&L Properties has defaulted on a $19.5 million loan tied to a site for two unbuilt housing towers in Downtown San Jose. Full Standard Properties, an affiliate of the beleaguered China-based developer, failed to pay the mortgage loan backed by a former Greyhound bus terminal at 70 South Almaden Avenue, the San Jose Mercury News […] The post Z&L Properties defaults on $20M loan for project site in San Jose appeared first on The Real Deal ..read more

The owner of Ross Dress for Less has renewed its lease for its 55,300-square-foot flagship store in Downtown San Francisco, even with the building on the market for sale. Ross Stores, a discount retailer based in Dublin, re-upped its lease at the eight-story building at  799 Market Street, where it has operated for nearly 40 […] The post Ross Dress for Less renews flagship lease, expands in San Francisco appeared first on The Real Deal ..read more