 The property was acquired by Meridian Property Company from TA Associates in 2016 for $29 million and sold to Phase 3 Real Estate Partners in 2018 for $39.5 million.The Dakin building has won a number of architectural awards including an American Institute of Architects Design Excellence Award in 1992.According to the "San Francisco Examiner", the jury awarded this distinction to the Dakin building because "[i]ts chief strength is the atrium, with its views of the San Francisco Bay and asymmetrical skylight".