| Units Offered for Sale at New Affordable Housing Project in Brea
With construction now complete, sales efforts have begun at the Flats at West Village, a new 20-unit, affordable housing community in Brea. Developed by Trumark Homes in partnership with the City of Brea, the project offers a...
| Vacant Post Office Property in Burlingame to be Redeveloped into Modern Office/Retail Project
The Burlingame City Council has approved the development of a landmark project that will bring approximately 185k sf of office and retail space to the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
| Nazareth Enterprises Pays $980/sf for Retail Building in Downtown San Mateo
Nazareth Enterprises Inc has purchased a 7.5k sf retail building in downtown San Mateo for $7.35 mil ($980/sf). The property is located at 616 S B St, between Hwy 82 and Delaware St.
The property is currently leased by Ke...
| Presidio Bay Ventures Secures $80 Mil in Construction Money for San Francisco Res Development
Presidio Bay Ventures has obtained $80 mil in construction money for the development of the Ventana Residences, a 193-unit, family-centric residential project in San Francisco. The loan was arranged by Gantry.
The 193-unit, ...
| San Jose Ranked No. 1 for Office Development Opportunity
This report was provided by real estate services firm CBRE
San Jose offers the most favorable market for office construction in the U.S., according to CBRE’s U.S. Development Opportunity Index. While the metro secured the 17...
| Oakland Apartment Building Sells for $469k per Unit
A nine-unit multifamily property located just steps from Lake Merritt in Oakland sold for $4.225 mil, which works out to over $469k per unit. The property, Blake Manor, is located at 570 Boden Way, west of I-580 and a block f...
| Goldman Sachs and Lincoln Property Company Buy 88k sf Silicon Valley Office Asset
A joint venture between the Merchant Banking Division of Goldman Sachs and Lincoln Property Company has purchased an 87.6k sf office building at 331 Fairchild in the Silicon Valley city of Mountain View. The deal was financed...
| Commercial Financing Briefs
BERKADIA -- Allan Freedman and Nick Provost with Berkadia secured a $65.6 mil refi loan on Laguna Serrano Apartments, a garden-style multifamily property located in Laguna Niguel, on behalf of an undisclosed California-based ...
| BentallGreenOak Buys 600k sf Bay Area Warehouse Property
BentallGreenOak purchased North Bay Logistics Center, a 607.2k sf, fully net-leased distribution warehouse in the San Francisco Bay Area city of Fairfield. The price was not disclosed.
North Bay Logistics Center was complete...
| CIP Real Estate Closes $33 Mil Industrial Buy in the East Bay
CIP Real Estate LLC has acquired Cabot Business Park, a “best in class” flex/industrial park located at 23575, 23595, 23785 Cabot Blvd and 3777 Depot Rd in Hayward. The 140k sf asset was sold by a partnership of Canyon Partne...
| Construction Started on Affordable Housing Community in Santa Clara
Construction is underway on a new 196-unit, 100% affordable-housing community developed by St. Anton Communities at 2233 Calle Del Mundo in the City of Santa Clara. Called St. Anton Tasman, the transit-oriented development is...
| City of Oakland Buys 63-Unit Former College Dormitory Property for $13 Mil
Clifton Hall, a 63-unit former college dormitory in Oakland’s Rockridge neighborhood, sold for $13 mil, or $206k per unit. The property, located at 5276 Broadway, was purchased by the City of Oakland for use as interim and pe...
| Toda America Dublin Down on Tri-Valley Office Market
Hites Plaza, a 120.2k sf, Class A office building in the Bay Area’s Tri-Valley region, was acquired by Toda America for $34.7 mil, or $289/sf. The four-story building is located at 5601 Arnold Rd, north of I-580 and east of I...
| Alta Housing Breaks Ground on Palo Alto Affordable Housing Project
Alta Housing (formerly Palo Alto Housing ) has broken ground on Wilton Court, a new 100% affordable residential rental community in Palo Alto. The new 59-unit residential development, located at 3705 El Camino Real, will pro...
| Minkoff Group Secures $114 Mil for Development of 180k sf Silicon Valley Office Project
Minkoff Group, a Silicon Valley-based developer led by Daniel Minkoff and Will Birdsey, has obtained a $114 mil construction loan for the development of 100 Altair, a 180k sf office building to be built in Sunnyvale. Square M...
| Commercial Financing Briefs
HIGHLAND REALTY CAPITAL – Brad Sevier of Highland Realty Capital secured a $63 mil fixed-rate loan for the acquisition of a 400k sf, Class A warehouse distribution building in Los Angeles County. The non-recourse loan was pr...
| Prologis Buys Bay Area Industrial Dev Site
Prologis has acquired Shaw Business Center, an 8.2-acre site in a strategic South San Francisco location.
Located at 200-212 Shaw Rd, 214-218 Shaw Rd and 1264-1272 San Mateo Ave, the property is adjacent to San Francisco Int...
| Palo Alto R&D Property Acquired by Graymark Capital
Graymark Capital acquired a vacant, single-story office/R&D asset in Palo Alto. The property was recently vacated by a medical device company building a digital surgery platform.
The two-building, 24k sf complex is located ...
| Thor Equities Spends $50 Mil on 96k sf Silicon Valley Office Building
Thor Equities has purchased a 96.5k sf building within District 237 in San Jose for $50.5 mil ($523/sf). The building, located at 350 Holger Way, was sold by KBS Real Estate Investment Trust II.
350 Holger Way, a three-story...
| Affordable Res Community in Redwood City is Welcoming Its First Tenants
Fair Oaks Commons, a new, 100% affordable residential rental community in Redwood City, has been completed and is now welcoming tenants. The project, located at 2821 El Camino Real, is a development of Alta Housing.