Cushman & Wakefield Arranges $515 Million Financing for New Bay Area Office Campus

BURLINGAME, CA / NEW YORK, NY, April 23, 2019 – Cushman & Wakefield announced today the firm served as the exclusive advisor to Kylli, Inc. in the procurement of $515 million in financing for Burlingame Point, a brand new, state of the art 803,000-square-foot office campus in Burlingame, California. The construction financing was provided by J. P. Morgan and Starwood Property Trust. Burlingame Point is currently fully leased to Facebook, Inc. for occupancy by Oculus, Facebook’s virtual reality company. The campus is expected to be completed in 2020. A Cushman & Wakefield team led by Steve Kohn and Mike Moran with Chris Moyer, Terry Daly, Clarke Funkhouser, Noble Carpenter III and Jessica Ke represented Kylli, Inc. in procuring the financing. “The market for construction and transitional financing has been bursting at the seams over the past year with well-located office development for world-class technology, biotechnology and life science companies on [...]

Cushman & Wakefield Welcomes Steve Dunn to Central Valley Industrial Team

Steve Dunn has joined Cushman & Wakefield as a Senior Director in Stockton, California. Steve will be part of the Central Valley Industrial Team, working alongside the firm’s Blake Rasmussen, Kevin Dal Porto and Tyson Vallenari. Steve brings more than 25 years of experience managing multi-million dollar businesses and projects tied to the development and construction industry. As past President for the last seven years of Cal Sierra Pipe, LLC, a steel pipe distributor servicing the Western United States, Steve managed the overall operation of a 20 person staff, exceeding $20 million in annual revenue. Prior to his presidency with Cal Sierra Pipe, Steve enjoyed more than 20 years of experience as an executive in the General Engineering/Heavy Construction Industry with Preston Pipelines, DSS/Knife River Construction and Grupe Development. Steve also has been instrumental in the overall project success of over $200 million in the construction of Residential Subdivisions, Commercial [...]