| Trammell Crow Company and Clarion Partners LLC Start Work on 200k sf Bay Area Industrial Project
Trammell Crow Company and JV Partner Clarion Partners LLC have broken ground on a 205.2k sf industrial facility in Fairfield. The project, located at 2725 Low Court, is slated to be completed in the Spring of 2023.
| Silicon Valley Office Asset Sells for Over $1,100/sf
In a Silicon valley office trade, 250 Cambridge, a three-story, 34.6k sf transit-oriented office building in Palo Alto, sold for $39.3 mil, or $1,136/sf. The property includes a 29-stall on-site parking garage. Current owners...
| Westbank, Urban Community, Peterson and OPTrust Raising $1.5 Bil for Largescale, Net-Zero Initiative in San Jose
A venture comprised of Westbank, Urban Community, Peterson and OPTrust is looking to raise a capital stack of up to $1.5 bil for a largescale, net-zero initiative in San José. The partnership has enlisted a Cushman & Wakefiel...
| MBK Rental Living and Haseko Corporation Acquire 19 Acres in the Bay Area for Residential Rental Development
MBK Rental Living has purchased a 19.5-acre site in Morgan Hill for development of a 389-unit, Class A for-lease residential community named Vida at Morgan Hill. MBK partnered with Haseko Corporation in what marks the two fir...
| BD Leases 240k sf at Silicon Valley Office/R&D Campus
BD (Becton, Dickinson and Company), one of the largest medical technology companies in the world, has signed a long-term lease for 240k sf at Park Point, a creative office/R&D campus located at 115, 135 and 155 North McCarthy...
| San Francisco’s One Sansome Tower Being Repositioned by Barker Pacific Group
Citigroup Center at One Sansome, a 42-story tower in San Francisco’s Financial District, is being transformed into a new entertainment and hospitality hub for the post-pandemic resurgence by the property owner, Barker Pacific...
| Downtown Oakland Mixed-Use Asset Trades for $18.5 Mil
La Peralta Apartments, a mixed-use property consisting of 93 residential apartments and five office units in Downtown Oakland, sold for $18.5 mil. The sale closed at 4.61% cap rate.
La Peralta offered a rare opportunity to a...
| Four Corners Properties Acquires Bay Area Property for Life Sciences Redevelopment Project
Four Corners Properties acquired Shoreway Innovation Center, a seven-acre property in the Bay Area city of Belmont that the firm intends to redevelop into a new life sciences campus, centrally located in the growing life scie...
| Duke Realty is Underway on a Trio of Industrial Projects in the Bay Area
Duke Realty is experiencing significant interest in three new projects in San Francisco Bay Area submarkets. The projects are:
• a 302.8k sf speculative development in San Jose
• a 153.8k sf speculative development in Richmo...
| LBA Realty Buys San Francisco Industrial Property
LBA Realty has purchased 300 Toland Street, a 1.76-acre site in San Francisco that includes an existing 22.7k sf industrial building. The price was not disclosed.
The property is ideally situated in the core industrial marke...
| New Affordable Housing Project Opens Its Doors in Mountain View
Luna Vista Apartments, a new, 71-unit affordable housing development in Mountain View, has officially opened to the public. Located at 950 W. El Camino Real, the five-story project is a development of Alta Housing, a communit...
| The Sobrato Organization Spends $71 Mil on San Francisco Creative Office Asset
The Sobrato Organization has acquired a 40.9k sf, creative office building in San Francisco’s South of Market (SOMA) district in a $71 mil ($1,736/sf), all-cash buy. The property is fully leased through January 2031 to Andree...
| Timberlane Partners Acquires Two Boutique Hotels in Carmel-by-the-Sea
Timberlane Partners has purchased The Hideaway and The Getaway, two boutique hotels in Carmel-by-the-Sea totaling 58 rooms. The seller was Meriwether Co. A price was not given out.
Located near Carmel-by-the-Sea’s historic ...
| Presidio Bay Ventures Leads Development Partnership for New 150k sf Life Science Building in San Carlos
A Presidio Bay Ventures-led partnership has obtained $188 mil to finance the development of 777 Industrial, a planned 150k sf, Class A, R&D and life science lab building to be built in San Carlos. The construction funding was...
| San Francisco Sees the Largest Decline in Sublease Space in the Country
This report provided by real estate services firm Cushman & Wakefield
Sublease Inventory Declines for Third Straight Quarter
United States sublease inventory continued to trend down in Q1 2022, after seven quarters of incr...
| Bay Area Light Industrial Campus Lands New Financing of $27.5 Mil
Fremont Tech Park II, a 140k sf, three-building, light industrial/R&D flex-tech campus in the Bay Area city of Fremont, has been refinanced with a new permanent loan for $27.5 mil. Originally developed in 1998, the modernized...
| Bridgeton Holdings and Tidewater Capital Purchase Sonoma County Resort Property
A partnership between Bridgeton Holdings and Tidewater Capital has acquired the Dawn Ranch resort in Sonoma Wine Country. The price was not disclosed.
Located at 16467 CA-116 in Guerneville, Dawn Ranch Lodge is a resort with...
| Bridge Investment Group Completes $72 Mil Bay Area Apartment Buy
Bridge Investment Group has acquired ReNew on Sunset, a 224-unit apartment community located in the Solano County city of Suisun City, for $72 mil, or $321.4k per unit. The asset was sold by FPA Multifamily.
Located at 831 P...
| Calson Management Picks Up Development Sites in Livermore and Soquel
Calson Management has landed $16.275 mil in combined financing for the acquisition of two development land sites in northern California. The sites, in Livermore and Soquel, total 12.73 acres and will be used for the developme...
| Two Bay Area Seniors Housing Communities to Move Forward with $21.5 Mil in Financing
Calson Management has secured a $21.5 mil loan for two memory care seniors housing communities totaling 48 units in California’s Bay Area. The portfolio consists of Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park.