Business briefs: Rincon Center bought

New York firm Capital Properties bought the 88 Howard St. residence towers in San Francisco from Beacon Capital Partners LLC for $143 million, the firms said in a release. Capital Properties plans to upgrade the property; this is its first West Coast purchase. The company has developed more than eight million square feet of commercial space and 18,000 residential units.

John Hammergren

The McKesson Corp. (MCK) chairman, received compensation valued at $22.6 million for guiding the nation’s largest prescription drug distributor to a record profit during its last fiscal year. Hammergren’s package, disclosed Wednesday in a regulatory filing, included $11 million in bonuses and a $1.37 million salary. He also was awarded stock options and restricted stock.

Just Posted

City to double rate of bike rack installation

Bike racks are about to spring up across The City like wildflowers.… Continue reading

School district leaders want to keep cops off campus

SFUSD renegotiating agreement with police on handling of incidents involving students

Large fire displaces residents in Castro District

A large fire in San Francisco’s Castro District Saturday morning injured two… Continue reading

CCSF faces further class cuts to stem $13 million deficit

College weighing elimination of some programs including culinary arts, journalism

Confusion over planning codes nearly kills Sunset District restaurant project

A San Francisco couple that dreamed of serving the community they live… Continue reading

Most Read