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| San Francisco Bay |
SAN FRANCISCO, CA – Newcastle Partners, a San
Francisco-based real estate investment and development company, completed an
aggressive amount of activity in 2014.
By year-end the firm will have acquired, developed or sold
3.9 million square feet of industrial and office property throughout Southern
California, San Francisco Bay Area, and Portland. This activity is more than
double the firm’s 2013 activity.
"What’s been exciting about the breadth of our activity
this year is that we’ve been aggressively building and buying in two of the
most economically active markets in the country,” said Dennis Higgs,
Founder and Managing Partner with Newcastle Partners.
“The white-hot, tech-based office markets of the San
Francisco Bay Area and Pacific Northwest; as well as the equally hot industrial
markets of the Los Angeles Basin and the Inland Empire."
Higgs also added that the firm has been prudently selling in
each market as circumstances dictate, noting: “You take what the market gives
you."
According to Higgs the firm has goals of acquiring between
$200 million and $250 million in office and industrial property in 2015 as well
as developing 2.5 to 3 million square feet of industrial property in both the
Inland Empire and the Bay Area.
For a complete copy of the company’s news release, please
contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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