| Stockbridge Capital Group Refinances 119k sf Biz Campus in San Jose
Stockbridge Capital Group has secured $11.75 mil in refi money for Junction Business Park, a two-building, 119.2k sf flex/industrial portfolio in San Jose. The property is located in Silicon Valley’s “Golden Triangle,” at the...
| San Jose Office Building Changes Hands in $28 Mil Transaction
A three-story, 116.8k sf, Class A office building in South San Jose has traded for $28.26 mil, or $242/sf. The property is at 6203 San Ignacio Ave, west of the 101 Fwy and south of Hwy 85.
The building features an extensive ...
| Okta Leases 200k sf HQ Space in San Francisco
Okta Inc has agreed to a 10-year lease for 207k sf of office space in San Francisco’s SoMa District. The transaction is at 100 First Street, a 27-story, 467k sf building owned by Kilroy Realty Corp. The deal value was not dis...
| Oakland Apartment Property Sells for $279k/Unit
In a recent multifamily comp from the East Bay, a 24-unit property in the Ivy Hill neighborhood of Oakland sold for $6.7 mil, or $279k/unit. The property is located at 1829 6th Ave, a few blocks east of Lake Merritt roughly m...
| Lane Partners Buys 600k sf Office Asset in San Jose
A Lane Partners-led venture has acquired HQ@first, a 603.7k sf, three-building creative office tower property in San Jose. The property, located at 110, 120, and 130 Holger Way, was acquired with $200 mil in financing.
| Bay Area Res Community Traded in $53 Mil Transaction
JRK Property Holdings has acquired Diamond Hillside, a 242-unit garden style apartment community in the San Francisco East Bay community of Pittsburg. The asset was sold by a joint venture of McDowell Properties and Harbert M...
| Work Has Started on 551-Unit Res Project in San Jose
A venture between Western National Group, Anchor Real Estate Capital and Fantasia Holding Group has started construction of a new 551-unit multifamily community in San Jose. The project, to be called The Platform, is located ...
| Parking Structure at Fisherman’s Wharf in San Francisco Trades
Stockdale Capital Partners has purchased the 241-stall parking garage at San Francisco’s historic Fisherman’s Wharf. The highly-coveted structured parking garage, located at 350 Beach St, was sold by a private family investor...
| Old Mother’s Cookies Building in Oakland Sells in Sweet $10 Mil Deal
The 21-unit Old Mother’s Cookies Lofts building in Oakland was acquired by BRAD Management in a recent $9.86 mil transaction. We’re told this sale represents the highest price per unit for a multifamily deal in Oakland this y...
| San Francisco Planning Commission Approves Mixed-Use Project by Trammell Crow Residential in City’s SoMa District
A planned mixed-use residential development by Trammell Crow Residential (TCR) in San Francisco’s SoMa district was just approved by the city’s planning commission. The new $95 mil development, slated to consist of 127 apart...
| Private Investor Spends Over $21 Mil on NoCal Industrial Asset
A private investor paid $21.5 mil for a 417.6k sf industrial property in Lathrop, CA. The property is located on 34.6 acres at 17100 South Harlan Rd, in the center of San Joaquin County, 60 miles east of the Port of Oakland. ...
| Lane Partners Spends Over $15 Mil on East Bay Office Asset
Lane Partners has acquired Station Plaza, a three-story, 49.5k sf office building in the East Bay city of Walnut Creek. The property, located at 3100 Oak Rd, is part of the award-winning 2.4 msf Contra Costa Transit Village t...
| Recent Activity Brings East Bay Office Complex to 98% Occupied
Recent leasing activity totaling 30k sf at Walnut Creek Center has brought the two-building, 257k sf, Class A office property in Walnut Creek to 98% occupancy.
The property is owned by a joint venture between Align Real Est...
| Preylock Real Estate Holdings Spends $240 Mil on NNN-Leased Biz Campus in Silicon Valley
Preylock Real Estate Holdings has acquired a seven-building, 626k sf NNN-leased office/R&D campus in Santa Clara from DivcoWest in a $240 mil deal. The property is leased to Nvidia and Huawei's U.S. R&D subsidiary, Futurewei....
| Kennedy Wilson Completes $304 Mil in Sales
Global real estate investment company Kennedy Wilson (KW) recently collected $304 mil from the sales of two assets, one of which was a 615-unit apartment community in Alameda called Summer House. That property sold for $231 m...
| Lift Real Estate Partners and Westbrook Partners Buy 438k sf Williams Industrial Park in San Leandro
Lift Real Estate Partners and Westbrook Partners have teamed up in the recent purchase of Williams Industrial Park, a 438.3k sf biz park in San Leandro. Although the actual price was not disclosed, from what we hear the deal ...
| San Francisco’s Salesforce Tower Nearing Completion
By Allen Wolfsheimer
Salesforce Tower, the 61-story, 1.4 msf office skyscraper being developed adjacent to the new Transbay Transit Center in San Francisco by Hines and Boston Properties, is nearing completion. The $1.1 bil ...
| Calvera Partners Picks Up 20-Unit Res Asset in Mountain View
Calvera Partners has acquired Monroe Villa, a 20-unit vintage apartment building in Mountain View, in a recent $7.26 mil ($363k/unit) transaction. The property, located at 565 Escuela Ave, represents Calvera’s eleventh acquis...
| EverWest Real Estate Partners and Black Salmon Team Up in $33 Mil Bay Area Office Buy
A venture between EverWest Real Estate Partners and Miami-based Black Salmon has entered the Bay Area office investment market with the purchase of The Offices at Public Market, a 109.2k sf, Class A office and retail property...
| Trimark Commercial Real Estate Joins Sperry Commercial Global Affiliates in the Bay Area
Walnut Creek-based Trimark Commercial Real Estate has joined Sperry Commercial Global Affiliates as the latest franchise office in the Bay Area. Trimark Commercial Real Estate is under the direction of Mark Hinkins CCIM, FRI...