New Urban Properties
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It’s our philosophy to acquire only property with exceptional potential, in prime locations. New Urban Properties and our predecessor organization have acquired over $700 million in properties, and we are proud to include in that number many significant historic buildings.

We are careful stewards of every building in our portfolio, and we consider a respectful approach to property management to be sound business sense. In our experience, it results in the attraction and retention of quality tenants, and a greater return on investment over time.

  944 Market Street, San Francisco (“Mechanics Savings Bank Building”) - Sold 2016  
The Mid-Market area is the recognized epicenter for tech companies in San Francisco. New Urban purchased in late 2013 this landmark building at the corner of Market and Mason - immediately adjacent to a multi-million dollar office and retail center now under construction and a three-minute walk to Twitter headquarters. Taking advantage of its high ceilings and brick exterior construction, New Urban converted multi-tenant floors to the single use, open floor plan favored by tech users. Seven floors of the 8-story building were so dedicated. Built in 1907 as the Mechanics Savings Bank Building, 944 Market is a Category I historic building.
  989 Market Street - Sold 2012
989 Market Street, San Francisco, is a six story office building of 107,000 square feet with a substantial retail presence at ground level. The facade is a tripartite structure with stacked Ionic colonnades. Built in 1907, it was substantially rehabilitated in 1991 and again in 2001. With open floor plates, exposed brick and high ceilings it is situated in the highly sought after Mid Market district and is the headquarters for emerging tech companies-notably Zoosk and Zendesk.
  625 Market Street, San Francisco (The Metropolis Trust Building) - Sold 2012
625 Market Street is a three part vertical composition with Rennaisance/Baroque ornamentation, designed by George Applegarth and built in 1907, immediately after the earthquake. Then the largest office building in our San Francisco portfolio, it was fully retrofitted to modern standards, including air conditioning and a restored lobby, and is considered a premier example of the “Class A Historic” San Francisco landmark.
  580 Market Street, San Francisco (The Finance Building) - Sold 2012
It will come as no surprise to learn that we consistently seek out property in landmark locations. Built in 1923 by world famous architect, Willis Polk, 580 Market Street stands at the intersection of Montgomery and Market Streets, with excellent transit access. As with companion properties in the portfolio, 580 Market Street consists primarily of single-floor users with a strong ground floor retail presence.
  166 Geary, San Francisco (“The Whittell Building”) - Sold 2012
As its second tallest building at 16 stories, this landmark dominates the eastern skyline of Union Square. Built in 1906—its steel frame was just erected when the earthquake struck--the building was subsequently finished in a three part style, all clad in brick in 18th century “English treatment”.  A Category I historic building.
  171 Maiden Lane, San Francisco (“The D’Arcy Building”) - Sold 2012  
Rarely are buildings traded on Maiden Lane, one of San Francisco’s premier retail streets, so this property added a unique dimension to New Urban’s portfolio. Built circa 1907, the two story brick building houses several well-known boutiques at the entrance to Union Square. In keeping with its motto of “Classic Buildings, Modern Use” New Urban restored the building’s exterior as well as re-branded the structure as “The D’Arcy Building” in honor of a prominent early 20th Century Irish family.
  74 New Montgomery (The Montgomery) - Sold 2008  
Known to longtime SF residents as the Call Building, 74 New Montgomery was designed by the Reid Brothers and built in 1914 as the headquarters of the SF Call newspaper. We reconverted it to 114 residential units, sales were completed in early 2008. This landmark, now re-named the Montgomery, will be a part of San Francisco's architectural heritage for decades to come, reaffirming our business commitment to preserve classic buildings. For its efforts, New Urban received the Renovation of the Year Award from the San Francisco Business Times.
  310 SW 4th Ave, Portland Oregon (Board of Trade Building) - Sold 2016
The Board of Trade Building was our first acquisition in the Portland market, and is in keeping with our business plan of acquiring, refurbishing and repositioning classic buildings for modern use. Built in 1909, this well-known building is 11 stories (comprising approximately 90,000 square feet) and sits on a primary corner in downtown Portland. Starting in April 2015, New Urban Properties took the building through extensive refurbishment of its facade, lobby, elevator cabs and upper floor common areas. Our plan also included bringing many of the suites into "open plan", revealing brick walls and high ceiling plates, all attractive to the growing tech businesses in an expanding Portland market.
  204 SW Stark, Portland - In Portfolio
For its being the oldest continually occupied office building in Portland (and hence one of the oldest on the West Coast) the Concord Building is on the National Register of Historic Places. With its high ceilings and exposed brick walls, and situated in a prime sub-market, this asset of approximately 25,00 square feet has joined the ranks of prominent buildings catering to the high-tech community of Portland.
  332 Pine Street, San Francisco (The Orient Building) - Sold 2012 
Designed by famed San Francisco architects Charles Paff and George Applegarth, 332 Pine Street was an archetypal New Urban Properties acquisition - an historic building (constructed 1912) with small floor plates, catering to smaller tenants and situated in a prime location of San Francisco. The building is 8 stories, ornamented in a Renaissance/Baroque style, with an original 9th story penthouse and it remains the headquarters of New Urban.
  354 Pine Street, San Francisco (The Dividend Building) - Sold 2007 
Originally dubbed the “Dividend Building” because of its proximity to the Pacific Stock Exchange, this Renaissance/Baroque building was erected in 1907 by local developer S.H. Woodruff. Each floor is devoted to a single tenant use, catering to our smaller tenant clientele. New Urban flipped this building in less than a year for a substantial profit.
  144 Second Street - Sold 2012
This building was purchased by New Urban at the end of 2010. Originally a brick and timber structure, dating from approximately 1910, it was completely rehabbed in 1985 when two floors were added-- making five stories in total. At that time the building was also seismically retrofitted, and new systems installed throughout. New Urban upgraded the building even further by re-configuring all floors (each approximately 4,000 square in rentable area) to single-tenant use. We accomplished an "open plan" look on each floor, complete with new lighting, flooring and amenities. Originally pro-formaed to lease 18 months from purchase, the building was fully leased and occupied in under 5 months.
  156 Second Street - Sold 2012
This neo-classic building was built in 1909 by local industrialist Byron Jackson (inventor and manufacturer of the centrifugal pump). A six story landmark, in the past it has housed such notable companies as Zellerbach Paper and more recently Patelco Credit Union, from whom New Urban purchased the property in late 2010. As with its companion property 144 Second Street, New Urban reconfigured all upper floors with an "open plan" look of approximately 4,000 square feet per floor. There was also an extensive reconfiguration of and improvement to the lobby and the introduction of a new retail facility at ground level. The building was master leased to WeWorks one year ahead of projected stabilization.
  1088 Sansome Street, San Francisco - Sold 2015
Purchased in 2014. A three-story, poured in place concrete structure, constituting 60,000 square feet, it was originally a manufacturing facility and is now one of the last properties in the North Waterfront Area to be converted to a highly desired office use.
  295 Bay Street, San Francisco - Sold 2015
A late 2013 acquisition, the North Point Theatre Building is a 35,000 square foot, fully renovated former movie theatre which, until sold to NUP, was the headquarters of a major Japanese anime company. We sold this building to Goodwill Industries who now make it their Northern California headquarters.
  10261 Bubb Road, Cupertino - In Portfolio
Bubb Road continues our commitment to the Silicon Valley and its long-term growth. Located in Cupertino, this asset is 100% occupied by Apple Computers under a five year, triple net lease. With its prestigious Cupertino address, and 22,000 square feet under a single story, this NUP acquisition is in the "sweet spot" of demand for office space in the Valley. New Urban intends to hold the asset for an indefinite period.
  779 East Evelyn, Mountain View - Sold 2016
One of our smaller acquisitions, at 30,000 feet, 779 East Evelyn sits in one of the best locations in all of the Silicon Valley. 779 caters to users and start-up companies who require smaller office space but with the cache of a Mountain View address.
  5080 California, Bakersfield - Sold 2016
NUP purchased 5080 California in 2013 at a below market purchase price. At 97, 571 square foot, this Class A office building is occupied primarily by Fortune 500 credit tenants engaged in the oil and gas industry, thus generating strong current NOI.
  Great America Parkway, Santa Clara - Sold 2007
Acquired in 2000, sold in early 2007.
A 225,000 square foot multi-building office campus, “GAP” demonstrates our continuing ability to identify assets in prime locations. Great America was transformed into a multi-tenant office facility and sold in early 2007 at a price well in excess of $40 million.