[peanut gallery]

A small update from the SF Business Times:

1. Apartment builder Crescent Heights, the developer of apartment towers Nema, Jasper and the Honda site development in Mid-Market.
2. Mostly office builder Lincoln Property Co. (350 Bush, 500 Pine), possibly with publicly traded Chinese developer Gemdale Corp. as a capital partner.
3. Michael Kriozere’s Urban Pacific Investors and partner Falcon Pacific LLC. Kriozere was behind One Rincon towers.
4. Beijing-based Dalian Wanda Group, China’s third-largest real estate developer and controlled by Asia’s richest man, Wang Jianlin. The group was exploring a joint venture to develop the site.
5. Hong Kong-based developer Nan Fung Group, whose CEO is the former China chairman for Blackstone Group LP (NYSE: BX).

Urban Pacific Investors, Crescent Heights and Lincoln Property Co. are still all in, submitting proposals for the tower and pitching bids that ranged from $165 million to $175 million. The minimum bid set initially was $160 million.

The Wanda Group, which specializes in luxury hotels, couldn't be reached for comment. Sources said they didn't end up submitting a bid, though could still pursue a joint venture. Nan Fung also couldn’t be reached for comment, and it isn't clear if they are still in the running.

They also mention that recommendations could go to the board as early as next week, so we may hear substantive news soon.