| Boardwalk Investments Group Lands $245 Mil Refi on Mixed CA Portfolio
Boardwalk Investments Group has secured $245 mil in refi money on a CA portfolio that includes: an iconic Napa Valley hotel property; three Class A coastal Orange County retail centers; a Class A multi-housing community locat...
| The Prado Group Buys Five-Acre San Francisco Property to be Redeveloped into 273-Res Project
The Prado Group has purchased the 4.9-acre site in San Franciscoís Presidio Heights neighborhood occupied by the California Pacific Medical Center in a deal said to be worth over $50 mil. The property, which was sold by Sutte...
| Berk Properties Pays $11.6 Mil for Cannonís Hotel Development Site in Dana Point
Newport Beach-based Berk Properties LLC acquired the fee simple interest in the Cannonís Hotel Development Site in Dana Point for $11.6 mil. The former home of Cannonís Restaurant, the site is fully entitled and has received ...
| Monterey Office Property to be Converted into Workforce Housing
A suburban office property in Monterey, CA will be converted into workforce, multifamily housing as an adaptive reuse project. The property, covering 7.23 acres at 2300 Garden Rd, will be redeveloped to provide 64 one- and tw...
| Alta Housing Opens New Affordable Housing Project in Palo Alto
Wilton Court Apartments, a new res development by Alta Housing in Silicon Valley, has been completed and is now open to the public. Located at 3705 El Camino Real in Palo Alto, Wilton Court Apartments is Alta Housingís first...
| Lansum International Inks Sublease for 155k sf Oakland Warehouse
Lansum International has subleased a 155k sf industrial warehouse facility in Oakland. The property, located at 8380 Pardee Dr, between Doolittle Dr and I-880, is owned by Westcore, who purchased the building in 2020 for $40....
| Investor Group Secures $30 Mil to Buy Out San Jose Mobile Home Park
An investment partnership has obtained $30 mil to buy out a 315-unit mobile home park in San Jose. The all-ages community offers three laundry rooms, a clubhouse, heated pools, billiards room, a private conference room, and a...
| Unique Asset in San Franciscoís Financial District Listed for $5.8 Mil
Hereís news of a unique property in San Franciscoís Financial District thatís been put on the market. Located at 415 Sansome St, the 10.3k sf building sits on a 5k sf lot and is fully leased to a restaurant/bar and a medical ...
| Convene Leases 65k sf in San Francisco
Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces, inked a lease for 65k sf of retail space on the fourth and fifth floors at the newly redeveloped 100 Stockto...
| Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
| San Jose Biz Campus Acquired for $94.65 Mil in Off-Market Exchange Deal
Montague Crossing, a three-building, 209.4k sf biz campus in San Jose, was purchased for $94.65 mil ($452/sf) by JJ&W in an off-market 1031-exchange. The property was sold by Four Corners Properties and Rockwood Capital.
| San Jose Res Community Traded in $185 Mil Transaction
Centerra Apartments, a 347-unit res community in San Jose, sold in a recent deal said to be worth around $185 mil. The buyer was an investment entity led by 3D Investments, out of Beverly Hills.
The property is located at is...
| Trammell Crow Company and CBRE Investment Management Start Work on 500k sf Spec Silicon Valley Industrial Project
Trammell Crow Company (TCC), in a joint venture with CBRE Investment Management, has broken ground on the Cochrane Technology Center, a 500k sf, Class A business park in Morgan Hill, CA. The single-phase project is the larges...
| Bay Area Life Sciences Portfolio Lands $213 Mil Refi
A five-building, 326k sf life sciences portfolio in the Bay Area Peninsula cities of South San Francisco and San Carlos has been refinanced in a $213.4 mil transaction. The assets are owned by an affiliate of GI Partners.
| Drawbridge Realty Closes $193 Mil Silicon Valley Office Buy
Drawbridge Realty recently closed on a notable Silicon Valley office buy, paying around $193 mil for 200 S. Mathilda Ave, a five-story, 157k sf ($1,229/sf) Class A office/engineering building and parking structure in downtown...
| German Investment Fund Pays Over $1,100/sf for Trophy Silicon Valley Office Building
In a recent Silicon Valley office buy, Union Investment has acquired The Catalyst, a 195k sf trophy office building in Sunnyvale, for $222 mil ($1,138/sf). Union Investment, based out of Germany, made the acquisition through...
| San Francisco Office Market Still Struggling to Gain Traction
San Francisco Office Market - 3rd Quarter 2022 Review
This report provided by real estate services form Kidder Mathews
After another consecutive quarter of negative net absorption, the San Francisco Office m...
| New Workplace Housing Development in San Francisco Opens Its Doors
TL Residences, a new studio apartment community in San Franciscoís vibrant Tenderloin neighborhood, has been completed and will open its doors to residents in November. The mid-rise project, a development of Forge Development...
| San Jose Single-Tenant Industrial Property Purchased by Exchange Investor
A CA-based 1031 exchange investor acquired a 28.9k sf, single-tenant industrial property in San Jose. The building is located at 1137 Olinder Ct, just south of the confluence of the 101 Fwy and I-680.
Built in 1994 and situa...
| San Leandro Res Project Lands $69 Mil in Construction Money
Centro Callan, a brand-new, luxury mixed-use apartment project slated for development in San Leandro, is set to move forward after landing $69 mil in construction financing. The project is being developed by The Martin Group,...