- Groundbreaking is today for Park Tower, a 43-story, 743K square-foot office building next to San Francisco's Transbay Transit Center.
- Terms of MetLife's (NYSE:MET) JV with Chicago-based John Buck Co. for ownership of the property weren't disclosed. The building is expected to be ready in 2018.
- There are no tenants yet, but the owners are hoping to capitalize on the city's tech boom. Salesforce.com just signed a lease for most of an office tower under construction two blocks away.