Steven Caravelli
Senior Commercial Associate, Coldwell Banker Commercial Realty
San Francisco, CA 94109
Specializing in San Francisco Multi-Family & Commercial Investments
Phone (415) 229-1367
Specializing in San Francisco Multi-Family & Commercial Investments
Specialties
Investment Sales Broker
Property Types
Industrial, Retail, Multi-Family
Markets
San Francisco, North Bay/Santa Rosa, East Bay/Oakland
Languages
English, Italian
Bio
Steve Caravelli focuses on commercial real estate investment sales, multi-family sales in San Francisco, and commercial leased investments in California.
Steve has been involved in significant real estate purchase and sales transactions and related contract negotiations around the San Francisco Bay Area, possesses significant experience in representing buyers and sellers in matters of 1031 tax deferred exchanges, trust sales, and environmental issues. Closed transactions totaling nearly $1.6 billion which includes over 1,200 multi-family units and 1,550,000 square feet of commercial investments.
REPRESENTATIVE EXPERIENCE
• Represented an overseas buyer, in the purchase of 225 Bush Street (The Standard Oil Building) in San Francisco, a 586,000 sq.ft. office /retail investment property for the purchase price of $350,000,000. Steve worked through the complicated process of transferring funds into the U.S under both the U.S. Governments Patriot Act oversight; negotiated with U.S and International law firms; Investment Banking representatives, as well as, the principals. The assignment was concluded in a 6-month period and included the ability to overcome the parties being located in three different countries and the strict international laws and customs of each government.
• Represented family trust execute a 1031 tax deferred exchange into several long-term leased investments, totaling over 36,000 square feet and $19.2 million dollars. Negotiating multiple Internal Revenue Service timelines and due diligence periods, including extensive environmental studies and testing, with each property owner’s broker to complete the transaction in a timely manner.
PROFESSIONAL HIGHLIGHTS
• Represented multiple clients in transactions including over 145 Apartment Buildings and 72 Single Tenant Leased Investments, Shopping Centers, Residential Development Sites and Owner User Industrial Properties.
• Represented the St. Vincent De Paul Society in a reorganization of their real estate holdings.
• Represented several individual foreign investors in then disposition of their San Francisco Apartment Buildings.
Education
Affiliations
Awards
