San Francisco, CA – January 10, 2012 – (RealEstateRama) — Zephyr Real Estate is pleased to announce its new headquarters location at 850 Seventh Street in San Francisco. This new South of Market office reflects Zephyr’s reputation as a modern, tech-oriented, forward-thinking company. The expanded office space affords ample room for the growing Zephyr team in an environment representative of the company’s commitment to creativity, diversity and results-oriented customer care.

Located on the SOMA/Potrero border near the design district, nearby neighbors include Adobe, Zynga, California College of the Arts, and the San Francisco Design Center. SOMA is also home to residential developments by some very notable architects, including 888 Seventh Street by David Baker, 1234 Howard by Stanley Saitowitz and the conversion of Jackson Brewery by Siegel and Strain. The eclectic neighborhood enjoys some of the best weather in the city, where commercial mingles alongside industrial and residential.

“We are delighted with our new location where there is abundant space to encourage and inspire our staff,” commented Randall Kostick, Chief Operating Officer for Zephyr. “The views of the City skyline and Bay Bridge alone are constant reminders of all that is amazing about San Francisco.”

For over 30 years, Zephyr has been a highly respected presence in the San Francisco Bay Area by clients as well as the entire real estate community. Zephyr is also dedicated to building community and supports a wide variety of charitable causes including delivering meals each week to homebound people through Project Open Hand, helping the elderly with home repairs, walking or riding to raise money for health-related organizations, donating directly from commissions to support local public schools, holiday toy and food drives, and donating over $1 Million to various organizations in recent years.

About Zephyr Real Estate

Founded in 1978, Zephyr Real Estate is San Francisco’s largest independent real estate firm with $1 billion in gross annual sales and a current roster of more than 200 full-time agents. In 2010, Zephyr launched its new website, which has earned three web design awards, including the prestigious WebAward for Outstanding Website from the Web Marketing Association. Zephyr Real Estate is a member of the international relocation network, Leading Real Estate Companies of the World; the luxury real estate network, Who’s Who in Luxury Real Estate; and the local luxury marketing association, the Luxury Marketing Council of San Francisco. Zephyr has six strategically located offices in San Francisco, a business center in Marin County, and serves a large customer base throughout the San Francisco Bay Area. For more information, visit www.zephyrsf.com.

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Article source: http://www.realestaterama.com/2013/01/10/zephyr-real-estate-announces-new-headquarters-location-ID017984.html

JMA, founded in 1986, has interests in hospitality, leisure, residential developments, retail, office and industrial/telecom projects.

JMA’s portfolio includes some of the premier venues in the Bay Area and Lake Tahoe regions, including Alpine Meadows and Homewood Mountain Ski Resort.

It also oversees Fairmont Heritage Place at Ghirardelli Square in San Francisco and the Waterbar and EPIC Roasthouse restaurants on San Francisco’s Embarcadero waterfront.

Todd Chapman, president and CEO of JMA, said early Friday evening that he could not comment on any Sacramento-area transactions that were not finalized.

However, sources familiar with the deal confirmed that JMA was the prospective buyer. Financial terms of the pending purchase are as yet unknown.

The city of Sacramento has long hoped to see a buyer for the plaza, which has substantial vacant space and was hit hard by the recession. City officials have said they hope a new owner will spruce up the shopping complex and create a public draw to the downtown core.

While commercial real estate circles buzzed with anticipation of a plaza buyer for much of the day on Friday, confirmation was hard to come by.

Westfield Group declined to comment. Executives in the area’s commercial real estate industry declined to speak on the record.

However, one real estate official, who insisted on remaining anonymous, offered this: “All I can tell you is that the Westfield deal is done. It’s a good-news story, and Sacramento will love it when they’re ready to make the announcement.”

Michael Ault, executive director of the Downtown Sacramento Partnership, said he had not heard that JMA was the potential buyer, and stressed that it would be “way premature” to say the center is sold, since such deals can fall apart.

The fate of the nearly 1 million-square-foot Downtown Plaza has bounced around the rumor mill for months.

Last spring, Connecticut-based Starwood Capital Group, owner of Starwood Hotels Resorts, was at the top of the prospective plaza buyer list, including in a Wall Street Journal story of a possible multimillion-dollar transaction involving 16 other properties.

In another development at the Downtown Plaza, lenders have foreclosed on the building housing Macy’s men’s and furniture store at 600 K St., though the store remains open and will continue to operate as usual for now, according to people working in the store.

Macy’s, which declined to comment, leases the three-story building. It is separate from a nearby Macy’s store that specializes in women’s merchandise.

As for the Macy’s men’s/furniture store, local real estate sources said the landlord owed more than $5 million and an auction seeking approximately that amount did not draw any takers. Public records show the property was owned by an entity known as Foster Associates.

The primary lender was identified as U.S. Bank, which likewise declined comment on Friday.

The first two floors at 600 K St. are used for Macy’s retail sales; the third floor is used as a storage area.

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Article source: http://www.sacbee.com/2012/07/28/4668436/jma-ventures-said-to-be-buyer.html