Molly Armbrister on Muck Rack

Molly Armbrister

Verified
Denver
As seen in: Bisnow, Albany Business Review, Chicago Business Journal, Denver Business Journal, Houston Business Journal, Puget Sound Business Journal, Sacramento Business Journal, The Business Journals, KUSA-TV (Denver, CO), CoStar, REIT Bulletin and
West Coast Editor @Bisnow
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Articles

OpenAI Leases 5-Building Mountain View Office Campus

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By Molly Armbrister Verified
| Bisnow Verified
Owners KKR Real Estate Finance Trust and TMG Partners spent the past two years upgrading the campus inside and out, adding dining options and a 2-acre amenity zone that includes a tennis court and a sand volleyball court. The redevelopment was designed to meet demand for amenity-rich offices in Silicon Valley, TMG President Ben Kochalski said in a release. The lease is just the latest in the Bay Area for OpenAI, which has leased a few large office spaces in San Francisco in the last three years.
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Shvo, BVK, Deutsche Finance Poised To Sell Transamerica Pyramid

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By Molly Armbrister Verified
| Bisnow Verified
The Transamerica Pyramid, a standout on San Francisco's skyline that developer Michael Shvo renovated into a trophy office tower commanding market-topping rents, is in line to be sold. Shvo and his investors, German pension fund Bayerische Versorgungskammer and Deutsche Finance America, are planning to sell the property for an undisclosed sum to Yoda PLC, an investment firm listed on the Cyprus Stock Exchange, The Real Deal reported, citing anonymous sources.
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Presidio Bay Ventures Buys Mission District Office For $27.5M

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By Molly Armbrister Verified
| Bisnow Verified
Presidio Bay Ventures is back in buying mode in San Francisco, picking up 333 Valencia St. in the city’s Mission District. The local investor purchased the 56K SF office building for $27.5M from a joint venture including Prado Group, Murray Hill Partners and Angelo Gordon, the San Francisco Business Times reported. That group previously invested $20M in improving the building. The joint venture tried to sell it in 2021 for around $60M, according to The Registry.
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