CIM’s 55 Hawthorne Heads to Pending in San Francisco

CIM Group’s distressed 55 Hawthorne going pending after Yelp’s exit and a receivership is the day’s clearest marker of San Francisco office repricing. Its 108,000 SQFT 330 & 340 Townsend portfolio has also gone pending in SoMa, putting two office transactions in focus without establishing that the market’s difficulties have passed. Elsewhere, Sterling’s former Fry’s conversion returned 150,000 SQFT to the Fremont market while driving Q3 occupancy loss, a reminder that new supply can weigh even as assets change hands. Industrial signals are mixed but active: Legacy Transportation Services renewed its 195,000 SQFT warehouse at 935 McLaughlin Avenue in San Jose, while planning shifted at Tien Son Industrial Park in Bac Ninh and Kyrgyzstan approved an investment agreement for a 200-hectare industrial park in Naryn region. Megaworld office leasing reached almost 250,000 sqm in first 9 mos 2026. Hospitality offered a brighter local data point, with San Jose, Oakland and San Francisco among CBRE’s top 10 for Q3 hotel RevPAR growth. Retail remains in transition: a 175,000 SQFT car sales and service complex is proposed near Westfield Oakridge. Capital access is the connective question, not a demonstrated wave of financing. HDFC’s new REITs and commercial real estate index fund raise the prospect of property income without direct ownership, while the Form 4 Redwood Private Real Estate Debt Fund for 14 November places private debt in view. No financing figures are given in the headlines, so the pending San Francisco deals cannot be read as evidence of loan terms or proceeds. New York enters the day through an investigation of Manhattan Associates’ officers and directors, adding a corporate-governance signal rather than a property transaction.

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