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See below for news about Paramount Property Company and our markets.

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May 12, 2021

A joint venture between DPW Real Estate Investments and TRA Investments has come together to acquire the 40,000 square foot mixed-use building in San Francisco located at 2001 Van Ness Avenue for $12.15 million (around $304 per square foot), according to information provided by the new ownership.

The future plans for the property include over $2 million worth of capital expenditure projects at the property. The improvements made to the property will include a complete face lift on the building exterior, a major redesign of the 3rd and 4th floors to optimize the use of the space, modernization of the common areas to improve access and egress and enhanced mechanical systems, lighting and controls to improve energy efficiency, aesthetics and air quality.

The property and construction manager on the renovation will be overseen by San Francisco-based Paramount Property Company and its president Christian Diggs.

Read the full story at The Registry.

July 21, 2020

PG&E announced this Summer that the company will relocate its headquarters to Oakland, just two blocks from our own headquarters at 1904 Franklin. After 115 years in San Francisco, the company will relocation will begin in 2022. This announcement is a major sign of confidence in Oakland, and also an indicator that commercial real estate activity may be slowly resuming in the wake of the coronavirus pandemic.

Read the full story at SF Chronicle

June 5, 2020

At Paramount Property Company, we reject racism, inequality, hatred, and cruelty in all its forms.

As an organization, we are committed to supporting the success of this important racial justice movement. We are listening and we will continue to be accountable in managing office properties in ways that reflect our nation and the best of its ideals — diversity, equity, inclusion, and cultural competence.

We are committed to doing our part to realize these overdue demands for change — by listening to our teams, our partners, those who are the most vulnerable and disenfranchised, and those struggling with the most grief. We will listen not only for ourselves and in pursuit of progress, but most importantly, out of respect for those whose voices have been silenced.