ShareThis



Email


PDF


Print

Rockingham Palace

This Rockingham Palace is considered one of the most sought after properties in Northern California

San Francisco, CA (PRWEB) February 01, 2012

Beverley Group Real Estate Services is a San Francisco real estate company that aims to not only provide top-tier service and attention to its high-profile clientele but also high-quality real estate options. To this aim, the Beverley Group announces the availability of a beautiful Rockingham Palace for lease or sale.

“This Rockingham Palace is considered one of the most sought after properties in Northern California,” CEO and broker Sunny Thiara said. “It has been debuted in several issues of Diablo Magazine and has attracted a corporate audience interested in film and marketing. Casting panoramic views of the Pacific Ocean is only a small hint of your expectations.”

The beauty of the house and property has not only attracted the attention of the film industry but also high-end businessmen of large companies who prefer to rent a unit from the bottom portion of the house rather than stay in a hotel. The bottom portion of the house has a separate entrance and includes a fridge, oven and stove, and washer and dryer. Macy’s also took advantage of the attractive property and used it as a backdrop for their winter catalog.

This Rockingham Palace includes seven bedrooms and five bathrooms, and is located near Leona Heights Park, providing easy access to hiking, mountain biking and nature viewing. The great location is also considered a part of Oakland Hills.

The Beverley Group handles all aspects of real estate but primarily focuses on providing clients with representation and consultation as they conduct their real estate transactions. Its top-performing agents make every effort to understand a client’s real estate needs, whether it’s to handle the short sale process on different properties, locating properties that have strong returns or real estate advice on the value of specific properties. As a real estate company that provides boutique-type treatment, The Beverley Group’s experience and advice is at anyone’s disposal.

Beverley Real Estate Services works with large companies, families and individuals with any real estate goals. Its premier team of agents utilize their experience and connections to help clients achieve each and every goal. Its agents are extremely familiar with the specific details that real estate properties can present, are experts with the loan process and employ unconventional means to achieve clients’ real estate needs.

For more information about this Rockingham Palace or any of the Beverley Group Real Estate Services’ Bay Area luxury homes, listings or services, call 925-478-3456 or view the real estate company on the web at http://www.beverleygrp.com. The Beverley Group is located at 1201 Fourth St. in San Francisco.

About The Beverley Group Real Estate Services

The Beverley Group provides boutique real estate representation to businesses and individuals in the East Bay. It offers client consultation on a variety of real estate matters, from short sales, bulk home sales, luxury real estate properties and more. The Beverley Group serves the areas of San Leandro, Danville, Dublin, Pleasanton, Alamo and Tiburon/Sausalito.

###

Share:

Article source: http://www.prweb.com/releases/real-estate/bay-area/prweb9157346.htm

SAN FRANCISCO–(EON: Enhanced Online News)–BRE Properties, Inc. (NYSE:BRE), a leading real estate investment trust
(REIT) with apartment communities located primarily in the major
metropolitan markets of coastal California and metropolitan Seattle,
announced today the acquisition of Lafayette Highlands, an 8.2-acre
property in Lafayette, Calif. for $48.75 million. The community of 150
market-rate apartments is located in a San Francisco Bay area submarket
with high barriers to entry, high median home values and one of the
region’s top ranked school districts.

“The Lafayette acquisition furthers BRE’s strategy to allocate
additional capital in the S.F. Bay area. Lafayette Highlands is in one
of the most affluent and desirable communities in the area”

“The Lafayette acquisition furthers BRE’s strategy to allocate
additional capital in the S.F. Bay area. Lafayette Highlands is in one
of the most affluent and desirable communities in the area,” said BRE
EVP, Chief Investment Officer Steve Dominiak. “The community has an
attractive unit mix of more than 85% two- and three-bedroom apartment
homes, appealing to residents attracted to the quality of life, schools
and significant rent-to-own disparity in Lafayette.”

Lafayette Highlands was acquired at a discount to replacement cost and
is the only community with more than 100 units in Lafayette. The
property was acquired on an unencumbered basis with proceeds from the
company’s revolving credit facility. Lafayette Highlands is expected to
generate a first-year net operating income to purchase price yield of
approximately 4.8% and is currently 95% occupied.

Built in 1973 and fully renovated in 2007, the Lafayette Highlands has a
low-density design of 18 units per acre and an average unit size of
1,011 s.f. There are 14 residential buildings with two levels of
wood-framed residential floors above parking. The gated community has a
fitness center, outdoor pool and children’s playground. This
transit-oriented development community is located minutes away from
Highways 24 and 680 and is within two miles of both the Lafayette and
Walnut Creek Bart stations, with a 30-minute commute to the San
Francisco Financial District. The residents are within walking distance
of downtown Lafayette and three miles of downtown Walnut Creek and its
offices, retailers and dining establishments.

About BRE Properties

BRE Properties, based in San Francisco, California, focuses on the
development, acquisition and management of apartment communities located
primarily in the major metropolitan markets of Southern and Northern
California and Seattle. BRE directly owns 77 multifamily communities
(totaling 21,820 units) and has joint venture interests in an additional
13 apartment communities (totaling 4,080 units). BRE Properties is a
real estate investment trust (REIT) listed in the SP MidCap 400 Index.
For more information on BRE Properties, please visit our website at www.breproperties.com.

Article source: http://eon.businesswire.com/news/eon/20110815006445/en/BRE/acquisition/Lafayette

Manatt, Phelps Phillips, LLP, announced that Kristina D. Lawson has
joined the San Francisco office as a partner in the Real Estate and Land
Use practice. Lawson comes to the firm from Miller Starr Regalia, where
she was a shareholder.

Lawson has substantial experience in obtaining land use entitlements and
permits from local, state and federal agencies for real estate and
energy projects, and has a sophisticated understanding of matters
involving the California Environmental Quality Act (CEQA) and the
National Environmental Policy Act (NEPA). Additionally, Lawson has
extensive environmental compliance experience and frequently serves as
an advisor to public and private clients on water quality, air quality,
hazardous materials, and other regulatory matters. More recently, her
practice has focused on climate change-related matters, including those
related to AB 32, SB 375, the Bay Area Air Quality District’s CEQA
Guidelines, and the San Francisco Bay Plan.

“Kristina has worked on significant land use projects throughout
California, including a wide variety of residential, commercial, retail
and mixed-use projects. She is known as an adaptable and creative
thinker – key qualities in the land use entitlement and real estate
space – and someone who can successfully complete challenging projects,”
said Susan K. Hori, co-chair of Manatt’s Real Estate and Land Use
practice group. “We are thrilled to welcome her to the team.”

Lawson regularly appears before state and local agencies throughout the
Bay Area and California on behalf of private clients. In addition, she
often serves as special counsel to public agencies on complex land use
and environmental matters, including matters involving California’s
tidelands trust, and emergency water supply projects.

“Structuring a real estate project has become increasingly complex due
to increasing economic, political and regulatory challenges,”
said Clayton B. Gantz, co-administrative partner of the San Francisco
office. “Manatt’s Real Estate and Land Use practice is nationally
recognized for delivering successful projects from conception to
acquisition to disposition, and Kristina’s talents and experience
provide additional depth to help us help our clients achieve their
objectives in Northern California.”

Lawson’s broad advisory and advocacy practice focuses on all aspects of
California land use and environmental law, from the interpretation and
application of local General Plans, specific plans, and zoning
ordinances, to local land use initiatives and referenda, to state and
federal natural resources, air, and water law.

“Manatt has a well-deserved reputation for excellence and a true
commitment to land use and environmental law,” said Lawson. “I am
excited to join Manatt’s prominent national real estate land use
practice.”

A frequent author and lecturer, Lawson is an elected member of the
Walnut Creek City Council, and is an appointed member of the TRANSPAC
Board of Directors, in Contra Costa County.

Lawson earned a B.A. from the University of Arizona and a J.D., cum laude,
from Santa Clara University School of Law.

About Manatt, Phelps Phillips, LLP

Manatt, Phelps Phillips, LLP, is one of the nation’s leading law
firms, with offices strategically located in California (Los Angeles,
Orange County, Palo Alto, San Francisco and Sacramento), New York (New
York City and Albany) and Washington, D.C. The firm represents a
sophisticated client base – including Fortune 500, middle-market and
emerging companies – across a range of practice areas and industry
sectors. For more information, visit www.manatt.com.

Manatt, Phelps Phillips, LLP
Lawrence Martinez, (310) 231-5443
/

Article source: http://www.benzinga.com/pressreleases/11/08/b1826726/manatt-expands-real-estate-and-land-use-practice-in-northern-california

San Francisco’s effort to transform an abandoned rail yard on its eastern shore in Mission Bay into an urban center is poised for a serious boost from plans by Salesforce.com Inc. to build a sprawling corporate campus in the area.

Urban-planning experts say the arrival of Salesforce will provide a vital stimulus for a once-neglected part of the city. But the bold design for the campus is just beginning a monthslong approval process, and Chief Executive Marc Benioff is leaving open the possibility that the company could simply pick a different location for its new headquarters. Some civic groups and architects, meanwhile, lament that the corporate-driven development isn’t creating the same neighborhood feel as other sections of the city.

View Full Image

Salesforce.com

A rendering of the proposed Salesforce.com campus shows plans for a Jumbotron screen overlooking a plaza.

The Mission Bay redevelopment zone was established in 1998, anchored by a new campus of the University of California, San Francisco. City officials, who envisioned Mission Bay as a center for health care and medical research, say 35 biotech firms now are based in the area and take up more than one million square feet of office space. Salesforce.com, a business software maker now based in the city’s Financial District and South of Market Street, is proposing eight buildings containing roughly two million square feet. Mission Bay also is designed to include 6,000 housing units, half of which have been built so far.

Mission Bay “is the most important thing for San Francisco’s economy in the past 30 years, if not longer,” said Michael Teitz, an emeritus professor of city and regional planning at the University of California, Berkeley. “The city was headed in a direction that was basically tourism, and some software development during the dot-com boom, but it didn’t have what I’d regard as a solid, modern sector in the economy—and I think Mission Bay does that.”

Yet critics say the large buildings and plazas planned for the Salesforce campus won’t improve what they perceive as an unwelcoming atmosphere in Mission Bay.

“Unfortunately, that part of the city is still a bit of a wasteland, and the project doesn’t do much to change that,” said Eric Corey Freed, the founder of organicARCHITECT in San Francisco. Mission Bay, he said, offered the chance to build a new and vibrant neighborhood. Instead, he said, the area is “a place that feels cold, out of scale and out of touch with humanity.”

Mission Bay is a public-private partnership. Private firm FOCIL-MB LLC uses a developer partner to build the infrastructure, and is reimbursed as the redevelopment agency issues bonds backed by increases in property-tax revenue and fees within the redevelopment zone. The agency has issued $320 million in bonds for Mission Bay, while the area’s infrastructure is ultimately expected to cost about $700 million, said Kelley Kahn, the project manager for the redevelopment area. She added that the project is in year 13 of a 25-year buildout.

Only three of the area’s more than 70 lots have yet to be sold by FOCIL-MB, Ms. Kahn said. Much of the land still unoccupied is expected to be filled by Salesforce.com, which purchased 14 acres for $278 million, and an adjacent UCSF hospital complex expected to open in 2014. Salesforce.com didn’t receive any tax breaks for the campus.

Renderings of the Salesforce.com campus, released earlier this month, feature a flashy design. A public square is anchored by a hot-pink Jumbotron video screen.

View Full Image

Brian L. Frank for The Wall Street Journal

A portion of the area in Mission Bay where the Salesforce.com headquarters would be built.

“That was my idea,” Mr. Benioff, the Salesforce.com CEO, said of the screen. “Putting something like that there can add a lot of energy.” The Jumbotron could be used for things such as employee presentations and public entertainment, he said.

Salesforce.com is hoping for design-review approval from the city by September. “If we can’t get the approvals we could also end up somewhere else,” Mr. Benioff said.

The redevelopment agency’s Ms. Kahn said that while she didn’t anticipate problems with the design review, the pink Jumbotron might face additional environmental scrutiny. Overall, Ms. Kahn said, “we’re generally, based on what we’ve seen, pleased.”

Mr. Benioff argued that a dramatic influx of color in Mission Bay would liven an area that until now has had an “office park” feel.

Mr. Benioff said he first became intrigued by the Mission Bay property when visiting the site of the UCSF children’s hospital he is helping fund with a $100 million gift.

Mission Bay has been the focus of disputes over how to best develop it dating to the 1980s. While the area is physically close to downtown, its location on the opposite side of Mission Creek and Interstate 280 can make it feel remote.

The project’s housing also has generated complaints. A lawsuit originally filed in 2006 by occupants of the Beacon, a nearly 600-unit condo development, alleges flawed construction and insufficient disclosures about soil contamination beneath the building. An attorney representing the real-estate company that sold the condos says buyers were informed of the soil issues prior to the sales, and that the contamination doesn’t pose a danger to residents. The case has been moved to arbitration, said Patrick Catalano, an attorney representing the plaintiffs.

Salesforce.com, which has about 2,750 employees in the Bay Area, expects to house between 8,000 and 9,000 at the new headquarters, designed by Mexico City-based architects Legorreta + Legorreta. The company said it doesn’t yet have an estimate for the construction cost or move-in date.

Write to John Letzing at john.letzing@dowjones.com

Article source: http://online.wsj.com/article/SB10001424052702304070104576397610335534024.html