Demand for S.F. commercial property is through the roof

Source: SF Gate

This month Paramount Group, the New York real estate investment trust that owns One Market Plaza, sold 50 Beale Street, a 660,000-square-foot skyscraper south of Market, to New York’s Rockefeller Group for $395 million.
In the same week, Columbia Property Trust of Atlanta, which owns 221 Main St., a 16-story high-rise near the Transbay Transit Center, closed on its $309 million acquisition of the Hanford Building, the 33-story, 480,000-square-foot office tower at 650 California Street in the Financial District. Read full story

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