Hong Kong-based developer pays up for S.F. land near Twitter HQ

 

San Francisco’s Mid-Market neighborhood is cranking up, boosted by a tide of technology companies and new highrise apartment buildings, at the same time that Asian real estate investors are pouring money into the city.

Those two trends converged for a major land sale of one of Mid-Market’s last remaining sites, two blocks from Twitter’s headquarters.

The U.S. subsidiary of Great Eagle Holdings, publicly traded in Hong Kong with more than $7 billion in assets, paid San Francisco’s MacFarlane Partners $19.8 million for the 1125 Market St. site, planned for a 12-story residential building, according to public property records.

 

Read more at San Francisco Business Times.