Does anyone know the acreage or SF of the land that just traded? BP/Hines paid ~$4000/sf for their land for the TT. I think TMG paid less than half of that for this land. Some of the recent land deals in the area:
Hines/BP - Transbay Tower site - $192M - 50,000 SF (~1.15 AC) - ~$3,840/sf or $167M/AC - city/TJPA was seller
TMG/Northwood - 50 1st St site - $122M -
unknown size, I estimate at ~1.5-2 AC - David Choo was seller of land, MSREF and Lincoln were bought out of their note
Jay Paul - 181 Fremont site - $75M -
unknown size, I estimate at just over half an acre - SKS Investments was seller
Also, just so everyone is familiar with SKS Investments - they are active in Soma/South Beach, Mission Bay/China Basin, and the design district. They do warehousy office, adaptive re-use, multifamily, and it appears some medical office.
They are also doing this in Oakland:
http://sksinvestments.com/properties/1100-broadway/
