By Alex Girda, Associate Editor

The Department of General Services is planning the sale of a large section of surplus land in its administration, and marketing has commenced for the property. According to a press statement, the DGS has already listed the property and opened talks with interested buyers until October 3. The 81 acres of land that are being offered up for sale by the state of California once belonged to the former Agnews Developmental Center.

According to DGS Director, Fred Klass, California Gov. Jerry Brown is looking to sell the land located in Silicon Valley’s Golden Triangle area in order to pay off some of the “wall of debt” that the state currently owes. “This sale will allow us to meet that goal while providing a tremendous development opportunity for the San Jose community,” said Klass.

Also making headlines is a very different kind of real estate property as Kimpton Hotels has put up for grabs one of its San Francisco Bay Area venues. The Serrano Hotel is now available for an asking price of around $65 million, or a per-room rate of around $275,000. The 236-key hotel recently underwent a $7 million renovation process for not only its façade but also the windows.

The 16-story hotel also offers a dining option in the form of Jasper’s Corner Tap Kitchen, as well as 2,500 square feet of meeting space at the venue. Considering the rising profile of the Bay Area’s hospitality market, the Serrano Hotel is set to see investors flock to the property.

Article source: http://www.cpexecutive.com/property-types/hospitality/san-francisco-bay-area-properties-put-up-for-sale-as-california-looks-to-pay-off-wall-of-debt/

By Alex Girda, Associate Editor

The Department of General Services is planning the sale of a large section of surplus land in its administration, and marketing has commenced for the property. According to a press statement, the DGS has already listed the property and opened talks with interested buyers until October 3. The 81 acres of land that are being offered up for sale by the state of California once belonged to the former Agnews Developmental Center.

According to DGS Director, Fred Klass, California Gov. Jerry Brown is looking to sell the land located in Silicon Valley’s Golden Triangle area in order to pay off some of the “wall of debt” that the state currently owes. “This sale will allow us to meet that goal while providing a tremendous development opportunity for the San Jose community,” said Klass.

Also making headlines is a very different kind of real estate property as Kimpton Hotels has put up for grabs one of its San Francisco Bay Area venues. The Serrano Hotel is now available for an asking price of around $65 million, or a per-room rate of around $275,000. The 236-key hotel recently underwent a $7 million renovation process for not only its façade but also the windows.

The 16-story hotel also offers a dining option in the form of Jasper’s Corner Tap Kitchen, as well as 2,500 square feet of meeting space at the venue. Considering the rising profile of the Bay Area’s hospitality market, the Serrano Hotel is set to see investors flock to the property.

Article source: http://www.multihousingnews.com/news/national/san-francisco-bay-area-properties-put-up-for-sale-as-california-looks-to-pay-off-wall-of-debt/1004083683.html

NEW YORK, Jul 13, 2011 (BUSINESS WIRE) –
The AOL Huffington Post Media Group, a leading source of news, opinion,
entertainment, community and digital information, announced today the
launch of HuffPost
San Francisco, providing the city with The Huffington Post’s
unique combination of real-time news and opinion, and a passionate and
engaged community powered by the latest social media tools. HuffPost
San Francisco editors are coordinating coverage with Patch to
leverage the eyes and ears of the Bay Area’s 24 hyperlocal sites. Carly
Schwartz is the Editor of HuffPost San Francisco and Robin Wilkey
is Associate Editor. Arianna Huffington, President and Editor-in-Chief
of AOL Huffington Post Media Group, made the announcement.

“We’re delighted to launch HuffPost San Francisco as our
latest local section,” said Arianna Huffington. “We intend to offer a
one-stop-shop for local news and opinion — whether it’s reviews of
below-the-radar restaurants or analysis about the Giants, 49ers, and
Warriors for the city’s committed sports fans. San Francisco is also
famous for the strong opinions of its residents, so we look forward to
providing them with a new platform for sounding off on — and
contributing to — the local stories that matter most to them and most
impact their lives.”

Said Brian Farnham, Editor-in-Chief of Patch: “Patch is so happy
to welcome HuffPost San Francisco into the region – and to dig
deep into continued collaborative opportunities surrounding the news and
issues that are top of mind for the Bay Area community. We’re excited to
be able to combine HuffPost’s reach, sensibility and community
engagement offerings with Patch’s hyperlocal focus on the most relevant
news for our readers.”

HuffPost San Francisco applies The Huffington Post’s flair
— its story selection, images and headlines — to San Francisco’s news of
the day. HuffPost San Francisco offers the comprehensiveness of
local newspapers with the immediacy and smart ‘intel’ of local blogs. HuffPost
San Francisco features a roundup of city news as well as a
fast-paced guide to the latest on restaurants, real estate, technology,
neighborhoods, green living and cultural happenings. The destination is
broad in scope and has a point of view, with everything from the latest
crime stats to the cheapest places for good Chinese food.

The site will spotlight local reporting and will collaborate with HuffPost’s
Impact section to highlight San Franciscans and nonprofits in need, as
well the local agents of change creating solutions to the most pressing
problems confronting the city and state — from education to the
environment.

HuffPost San Francisco features well-known San Franciscans and
experts on the city blogging about what excites them, whether it’s about
targeting a new restaurant that’s more hype than substance or shedding
light on a thorny local political issue. Well-known current and former
residents of the city who will be blogging on the site include: Nancy
Pelosi, House Minority Leader; Craig Newmark, the founder of Craigslist;
Ed Lee, the Mayor of San Francisco; Maggie Rizer, model; Michael Brune,
president of the Sierra Club; Traci Des Jardins, Top Chef Masters alum,
and many more.

Editor Carly Schwartz is moving from The Huffington Post’s news
desk. She was previously a Front Page Editor at the site as well. Prior
to HuffPost, Schwartz ran new media efforts for California
Governor Jerry Brown’s campaign, writing and editing his official blog
and designing his digital strategy. She graduated from Northwestern
University’s Medill School of Journalism. Schwartz will return to her
favorite city to launch HuffPost’s newest local vertical. Said
Ms. Schwartz: “Launching a local version of HuffPost in San
Francisco has long been a dream of mine, even since before I began
working here. It’s the ideal city for a HuffPost presence:
tech-savvy, in-the-know, opinionated, engaged, and curious. I’m so
thrilled to be a part of this exciting venture and look forward to
building a daily must-visit news source for a Bay Area audience. And
it’s great to be home.”

Robin Wilkey, Associate Editor of HuffPost San Francisco, is a
San Francisco-based writer and editor. Before joining The Huffington
Post, Wilkey was the Editor-in-Chief at San Francisco Brides and
In-Room Cityguide, the Marketing Editor at San Francisco
magazine, and the Weekend Guide Editor at Daily Candy San Francisco.
Wilkey is a native of the Bay Area of California and a graduate of the
University of San Francisco, where she studied Politics.

About AOL

AOL Inc.


/quotes/zigman/577531/quotes/nls/aol AOL
-0.50%



is a premier global media company with a suite of
brands and products serving consumers, advertisers and publishers
worldwide. The AOL Huffington Post Media Group is a leading source of
news, opinion, entertainment, community and digital information
comprising a wide range of destination websites, including AOL.com, The
Huffington Post, TechCrunch,
Moviefone, Engadget,
Patch,
AOL
Music, StyleList
and MapQuest.
The AOL Advertising.com Group includes Advertising.com,
ADTECH,
Pictela,
Video (inclusive of AOL
Video, goviral
and 5min
Media), Content Solutions and Sponsored
Listings and serves a combined content and advertising market at
scale through video, brand advertising, content and ad serving. AOL is
focused on engaging consumers and providing online advertising services
and solutions on both AOL Huffington Post Media Group destination
websites and third-party websites, in addition to serving consumer
platforms including AOL
Mail, AIM,
about.me,
and mobile experiences. AOL also operates one of the largest Internet
subscription access services in the U.S., which serves as another
distribution channel for its consumer
subscription products, such as AOL
TechGuru and Computer
Checkup.

SOURCE: AOL

        AOL
        Mario Ruiz, VP, Communications, 212-402-7126
        Mario@huffingtonpost.com
        or
        Rhoades Alderson, Director, Communications
        Rhoades.alderson@huffingtonpost.com
        or
        Alexandra Huber, Communications Coordinator
        Alexandra@huffingtonpost.com

Copyright Business Wire 2011

/quotes/zigman/577531/quotes/nls/aol

Add AOL to portfolio

AOL

Article source: http://www.marketwatch.com/story/aol-huffington-post-media-group-launches-huffpost-san-francisco-2011-07-13?reflink=MW_news_stmp