Luke Brugnara is 32 and has decided what he wants to do with his life: He wants more of the same - to add to the 500,000 square feet in downtown San Francisco buildings he now owns. Watch More In a transaction completed Monday, Brugnara sold 735 Market St. and simultaneously bought 351 California St., better known as the Pacific Bank Building, and thus continued a very rapid and profitable streak.His portfolio may be worth $100 million - "75 million if you talk to a naysayer," said Brugnara. It began, for the native San Franciscan, at age 28 in 1993, when Brugnara bought a note for $1.5 million in bankruptcy court for the Kress Building at 939 Market St. He foreclosed on the former owner and leveraged the note with a $3 million loan, thus netting from it $1.5 million to close at escrow. "It was a no-brainer," he said. His portfolio now includes 814 Mission St., The Bulletin Building; 171 Second Ave., the Westinghouse Electric Building; 201 Sansome St., the Royal Globe Insurance Building; 939 Market St., the Kress Building; and 351 California St.
24 wyświetlenia

Luke Brugnara

Wysłano 1 tydzień temu

Luke Brugnara is 32 and has decided what he wants to do with his life: He wants more of the same - to add to the 500,000 square feet in downtown San Francisco buildings he now owns. Watch More In a transaction completed Monday, Brugnara sold 735 Market St. and simultaneously bought 351 California St., better known as the Pacific Bank Building, and thus continued a very rapid and profitable streak.His portfolio may be worth $100 million - "75 million if you talk to a naysayer," said Brugnara. It began, for the native San Franciscan, at age 28 in 1993, when Brugnara bought a note for $1.5 million in bankruptcy court for the Kress Building at 939 Market St. He foreclosed on the former owner and leveraged the note with a $3 million loan, thus netting from it $1.5 million to close at escrow. "It was a no-brainer," he said. His portfolio now includes 814 Mission St., The Bulletin Building; 171 Second Ave., the Westinghouse Electric Building; 201 Sansome St., the Royal Globe Insurance Building; 939 Market St., the Kress Building; and 351 California St.

Edit or resize any image by clicking the image preview
Edit any image by touching the image preview
Wysyłanie 0 grafika (0% zakończono)
The queue is being uploaded, it should take just a few seconds to complete.
Wysyłanie zakończone
Uploaded content added to . You can utwórz nowy album with the content just uploaded.
Uploaded content added to .
You can utwórz nowy album with the content just uploaded. You must utwórz konto or zaloguj to save this content into your account.
No grafika have been uploaded
Some errors have occurred and the system couldn't process your request.
    lub anulujanuluj pozostałe
    Informacja: część grafik nie może zostać wysłana. dowiedz się więcej
    Sprawdź raport błędu, aby uzyskać więcej informacji.
    JPG PNG BMP GIF 20 MB