Helpful Articles


Prometheus Real Estate Group Named Best Large Business to Work For

Prometheus Real Estate Group, the largest private owner of multifamily properties in the San Francisco Bay Area, today announced that it was named the Elite Winner, ranking the firm number one in the large business category by “Best and Brightest Companies to Work For® In the Nation,” a national competition that honors organizations that display a commitment to excellence in their human resource practices and employee enrichment.

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Prometheus Real Estate Group Raises $128,625 for Four Nonprofits

The funds will help house families of seriously ill children, provide therapeutic recreation to those with disabilities, reduce hunger and protect urban forests.

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Prometheus Named One of Bay Area’s “Best Places to Work” in 2016

Prometheus Real Estate Group, the largest private owner of multifamily properties in the San Francisco Bay Area, today announced that, for the third year in a row, it was named one of the Bay Area’s best places to work. Prometheus landed in the 7th spot in the “large companies” category on the San Francisco Business Times and Silicon Valley Business Journal’s 2016 Bay Area “Best Places to Work” list.

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Prometheus Real Estate Group Announces 100% Employer Paid Healthcare Benefits

Prometheus Real Estate Group, the largest private owner of multi-family properties in the San Francisco Bay Area, announced today that it would invest a portion of profits to cover 100% of the medical, dental and vision premiums for every Promethean (employee) and their family.

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Prometheus Awarded 2015 NAHB Property Management Company of the Year

Prometheus Real Estate Group announced today that it was awarded National Association of Home Builders’ (NAHB) Pillars of the Industry “Property Management Company of the Year.”

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Prometheus Real Estate Group Announces Six Nonprofit Partnerships

Prometheus’ Volunteer Program Invites Prometheans, Neighbors and Communities to “Join and Spread the Ripple!”

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Prometheus Named One of Bay Area’s “Best Places to Work” in 2015

SAN FRANCISCO - April 15, 2015 - Prometheus Real Estate Group, the largest private owner of multi-family properties in the San Francisco Bay Area, today announced that, for the second year in a row, it was ranked in the top ten in the 2015 Bay Area “Best Places to Work” list. Prometheus landed the ninth spot on the list in the “large companies” category.

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Multi-Housing News Announces Winners of 2014 MHN Excellence Awards

New York—Multi-Housing News (MHN) hosted a cocktail reception on Thursday, October 16th to announce the 2014 MHN Excellence Award winners.

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Smart Apartment Homes

Twentieth century science fiction made promises, and today’s tech companies seem to be in lock-step with making sure to follow through on those commitments. At least so far.

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Prometheus Real Estate Group Recognized for Professional Excellence

(Chicago, June 2, 2014 ) – The Prometheus Real Estate Group, headquartered in San Mateo, CA, has earned the Accredited Management Organization (AMO) accreditation from the Institute of Real Estate Management (IREM), an affiliate of the National Association of Realtors.

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Why build green?

There are a number of reasons to build green apartments including it may be mandatory, it can save money and it strengthens our National Security. My favorite green play is Prometheus’ 203-unit property, called Madera, in downtown Mountain View, California, where the air is crisp, the residents are Google, and the rents are strong. Madera was the subject of my case study review at the Energy Summit.

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Best Places to Work 2014

See this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.

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NorthMarq Provides $173M Refi for Duo

MOUNTAIN VIEW, CA—NorthMarq Capital’s San Francisco based regional has completed the $173 million senior debt refinancing for Park Place Apartments and Mountain View City Center, two adjacent downtown properties located at 851 Church Street and 650 Castro Street, Mountain View. The transaction was arranged by Jeff Weidell, president, Nate Prouty, senior director and Andrew Slaton, vice president.

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Prometheus to add up to 526 units

On Tuesday, Prometheus Real Estate Group got the City Council's stamp of approval for 66 more apartments for its Manzanita complex on El Camino Real.

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The Excellence Awards 2013 presented by MHN Multi-Housing News

"What really impressed me was their low resident turnover. They had creative ideas and great execution."

- Judge's comment on Prometheus Real Estate Group

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Meet the 2013 MHN Excellence Award Winners

New York—On Friday, Sept. 20 MHN announced 32 winners in 17 categories during the magazine’s annual awards reception. This year’s event took place at 75 Wall—Residences Atop the Andaz and was sponsored by 75 Wall developer The Hakimian Organization in cooperation with 100 Stories PR. Attendees toured the successful property which was designed by Rockwell Group.

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Prometheus Real Estate Group’s POrCH Challenge Raises $69K for People With Disabilities

80 Prometheus Real Estate Group communities, 650 Prometheans, and 15+ vendor partners lent a helping hand in a huge effort called the "2013 POrCH Challenge. The goal was to help enrich the lives of people with disabilities through the power of sports. At the end of the five week campaign that crowned at Prometheus' "Masters" Leadership Conference, it was announced that $69,000 was raised for people with disabilities.

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Madera Apartments wins 2013 Most EV Ready Development from Silicon Valley Leadership Group

Madera adds another honor (in addition to the PCBC Award of Merit for best apartment 30-60 units per acre) to its list – the 2013 Most EV Ready development given by the Silicon Valley Leadership Group.

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CafeGive

Prometheus Real Estate Group announces an integrated social media and fundraising program in five cities, supporting five different charities that aim to improve the lives of people with physical disabilities and visual impairments through the power of sports. The 2013 POrCH Challenge is a healthy competition between Prometheus’ various regions and their committment to raise $25,000 for their causes, using the CafeGive Social cause marketing platform.

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Prometheus Real Estate Group Wins Two MFE Awards

Multifamily Executive Magazine has bestowed upon Prometheus Real Estate Group, Inc. two prestigious 2012 MFE Awards in the categories of "Community Service" and "Marketing and Advertising." These are among the five total industry recognition awards that Prometheus has received in 2012. That adds to the over 80 awards the company has received during its more than 45 year history.

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Prometheans Changing Lives in Redwood City Community

Twenty-four families have a better place to call home after Prometheus Real Estate Group employees, affectionately referred to as "Prometheans," and the Housing Industry Foundation (HIF) joined forces to complete much-needed renovations on the St. Clare apartment building in Redwood City.

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2012 MHN Excellence Awards Winners

Congratulations to all the 2012 Gold and Silver winners! You’re truly at the top of your game, as the MHN Excellence Awards recognize the apartment industry’s most outstanding people, companies and properties. 

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Prometheus Named Best In The Country, 3 Years In A Row

Prometheus Real Estate Group, Inc. has been named the best in the nation for the third year in a row.

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Brand New Mosaic Promotes a Holistic View of Home

Mosaic, at 500 Race Street in San Jose, is a brand new, 386-unit luxury apartment community that has begun leasing to the public. Unlike many competitors aimed at Gen Y, which pepper the South Bay focusing on quantity over all else, Mosaic has been designed around one central concept.

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Prometheus Real Estate Group Launches New Website

The newly designed Prometheus Real Estate Group, Inc. website (prometheusreg.com) goes live today.

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Quora moving HQ to Mountain View from Palo Alto

Online information system startup Quora Inc. is moving its headquarters from Palo Alto to Mountain View.

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Prometheus Real Estate Group Grows Again in the Pacific Northwest

Prometheus Real Estate Group, Inc. has purchased the Limestone Court apartments in Bellevue, WA in a $16.5 million transaction.

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Prometheus’ Chesapeake Point Apartments Takes Home First BizSMART@Work 2012 Award

San Mateo property recognized for leadership in environmental responsibility.

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Park Central Apartments in Santa Clara receives $31m

The 172-unit Park Central, an apartment community located at 1050 Benton St. in Santa Clara, has received $31 million in first mortgage financing. 

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Prometheus Real Estate Group Partners with Habitat for Humanity

The Prometheus Real Estate Group’s Promethean OutReach and Community Help program, “POrCH,” is Prometheus’ volunteer program which works to build strong communities where we live, work, and play. With hundreds of hours of volunteer time logged in the past year throughout the West coast, teams of Prometheus volunteers have dedicated their time as the program continues to expand.

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Prometheus Real Estate Group creates a sense of HOME for local seniors

On a recent Friday, 23 employees of Prometheus Real Estate Group found themselves both exhausted and exhilarated after a day of hard work. The group donated their time and talents to help create a sense of home for the residents of the Valley Village Retirement Community. August 26th, 2011, saw the employees (known internally as “Prometheans”) partner with the Housing Industry Foundation (HIF) for the 2nd Annual Volunteer Workday.

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Prometheus Real Estate Group Wins 2011 NAHB Award for Best Property Management Firm

Prometheus Real Estate Group Inc. (Prometheus) won the 2011 NAHB Pillars of the Industry Award for Best Property Management Firm in the nation. This comes on the heels of winning the same honor in 2010 from MHN Magazine. Additionally, Prometheus was awarded the NAHB best (asset) conversion/repositioning  (Markham Apartments, Cupertino, California) as well as NAHB award for best leasing center (Heatherstone Apartments, Mountain View, California).

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Prometheus Real Estate Group Adds Another Asset to Seattle Portfolio

Prometheus Real Estate Group, Inc. has purchased Surrey Park apartments in Mill Creek, WA in a $5.1 million transaction. The acquisition was purchased all cash. Located at the corner of 156th Street SE and Mill Creek Boulevard, the 46 unit community is an excellent mix of well-designed one and two bedroom floorplans.

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Prometheus Buys 342-Unit Property in Oregon

Prometheus Real Estate Group Inc. has completed a $51.2 million purchase of One Jefferson Parkway, a 342-unit community located in Lake Oswego, Ore. Jones Lang LaSalle facilitated the transaction from a joint venture partnership of American Realty Advisors and Fowler Property Acquisitions.

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Amador Village Receives Environmental Achievement Award

The City of Hayward is honoring Amador Village Apartments in Hayward, CA with the 2011 Environmental Achievement Award for participation in the residential curbside recycling program.

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Prometheus Real Estate Group Expands in Pacific Northwest

Three new fee managed assets in the Puget Sound region of Washington, all owned by Berg Holdings, are now part of Prometheus’ roster bringing its Pacific Northwest region unit count to close to 4,500 units and overall unit count to over 19,000.

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Prometheus Mountain View Project

Prometheus Real Estate Group Inc. has cleared a site in downtown Mountain View for a new 203-unit apartment complex. The new building will be named Madera (Spanish for wood, timber, lumber), as an homage to Minton’s Lumber and Supply, the former occupant of the site.

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Embracing Social Media at Prometheus

For Prometheus Real Estate Group, the largest owner of apartments in the San Francisco Bay area, breaking the mold of traditional advertising started with a simple blog. Today, Prometheus leverages the power of Twitter, Facebook and other social media outlets across their diverse portfolio of properties. The effort allows Prometheus Real Estate employees (whom the company dubs “Prometheans”) to share relevant, helpful information like interior design tips, neighborhood news & suggestions, and property info by engaging in a dynamic exchange with residents (appropriately referred to as “Neighbors”).

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Prometheus Real Estate Group: Making “Future Neighbors” Smile

For Prometheus Real Estate Group, the path to distinction in the leasing experience includes a guest card that turns tedium into fun. Typically, industry guest cards are dry, impersonal affairs. Prometheus Real Estate rebranded their guest cards as Won’t You Be My Neighbor cards.

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Prometheus Real Estate Group Develops Franco Park With City of Cupertino

The city of Cupertino unveils a new city park developed in partnership with Prometheus Real Estate Group Inc.

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Prometheus Real Estate Group Gains New Asset

Prometheus Real Estate Group Inc., the largest private owner of multi-family properties in the San Francisco Bay Area, continues to grow with a new fee managed asset, The Falls At Arden.

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Prometheus Real Estate Group Recruits

Prometheus Real Estate Group Inc., the largest private owner of multi-family properties in the San Francisco Bay Area, has hired Darren Carrington as Vice President of Investments.

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Prometheus Garners Best Property Management Firm Award From MHN

Multi-Housing News Magazine (MHN) has named Prometheus the Best Property Management Firm in the nation for 2010.

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Property/facilities management firm of the year finalist: Customers become neighbors for Prometheus

Neighbors. That’s what the employees at Prometheus Real Estate Group call the people who rent apartments in the buildings it manages. That one word says a lot about the approach Prometheus has to its clients and their properties.

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550 Moreland Apartments Takes Home the Grand Award at PCBC

550 Moreland Apartments in Santa Clara, CA, took home the top award, the Grand Award, at the Pacific Coast Builders Conference in the “Best Multi-Family Housing Project - 4 to 6 Stories Rental” category, the most competitive of the some 40 awards in the conference, with 550 Moreland competing among 7 finalists which included both national and international projects.

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VolunteerMatch Engages Prometheus With The POrCH Program

Prometheus Real Estate Group, Inc., has partnered with VolunteerMatch, a nonprofit dedicated to connecting good people with good causes. The partnership will help engage 620 “Prometheans” to participate in volunteer opportunities throughout the United States through the Prometheus Outreach and Community Help program, also known as POrCH

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