| 100k sf Retail Property in Coastal NoCal Trades Hands
GRI Fairmont, LLC, an affiliate of First Washington Realty Inc, has purchased Fairmont Shopping Center, a 103k sf shopping center anchored by Safeway in the Bay Area. The property is situated on 7.46 acres at 705-799 Hickey B...
| Retail Real Estate Pro John Jay Passes at 72
It is with great sadness we report the passing of John Jay, President and COO of Oakland-based Jay-Phares Corporation (JCP). A regular on the retail panels at RENTV’s Oakland / East Bay conferences, Jay was 72 years old.
| Bay Area Office Campus Lands $126 Mil Refi Loan
In financing news out of Northern California, CBRE Capital Markets has arranged $126.2 mil in refi money on Dublin Corporate Center, a 447.8k sf, Class A office complex in Dublin. The campus, located at 4120, 4140 and 4160 Du...
| Republic Urban Properties Obtains $335 Mil in Financing for Bay Area T.O.D. Project
Republic Urban Properties LLC has secured $335.6 mil for the development of Gateway at Millbrae Station, a transit-oriented, mixed-use residential and office property adjacent to the Millbrae BART and Caltrain Stations in Mil...
| Mountain View Res Property Trades for $686k/Unit
A 59-unit multifamily townhome community in the Silicon Valley city of Mountain View was acquired by a private investor for $40.5 mil, or $686.4k/unit. Built in 1970, the property is located at 2310 Rock St, 2.2 miles away fr...
| Silicon Valley Res Development Trades for $292 Mil
NYC-based Brookfield Property Group has closed on a large multifamily acquisition in Silicon Valley, paying $292 mil for The Village Residences, a 330-unit asset in Mountain View. The property was sold by a joint venture betw...
| M31 Capital Buys Historic Building in San Francisco’s Financial District
M31 Capital has purchased a five-story, 10.4k sf building at 620 Commercial St in San Francisco’s Financial District. Although we don’t have the actual purchase price, the acquisition was financed with a $6.55 mil bridge loan...
| Draftsmen & Craftsmen
Westlake Urban and architectural firm AO have begun the stacking of Westlake’s first modular project, the San Jose Hilton Garden Inn. Located at 101 East Gish Rd, the 150-room project is comprised of 88 modular units built of...
| Trion Properties Adds 84-Unit Bay Area Multifamily Asset to Its Apartment Portfolio
Trion Properties has expanded its Bay Area portfolio with the acquisition of The Meadows, an 84-unit multifamily community located in Newark, for $27.5 mil ($327k/unit). The Meadows, located at 35750 Bettencourt St, features ...
| 857-Acre Land Parcel in Napa Valley Hits the Market
Napa Soda Springs, one of the largest continuous parcels of land in California’s Napa Valley, is available for sale for the first time in more than 40 years. The 857-acre property was once home to the preeminent Napa Soda Spr...
| Urban Land Development and Urban Land Capital Spend $94 Mil on Office/Retail Building in San Francisco’s Union Square
A joint venture between Urban Land Development and Urban Land Capital has acquired 150 Post Street, a 177.4k sf office and retail building in San Francisco’s Union Square neighborhood, in a deal reported to be worth $94 mil, ...
| Kennedy Wilson Acquire s 406k sf Bay Area Office Campus in $115 Mil Transaction
Kennedy Wilson has acquired Hamilton Landing, an institutional quality, 406k sf office campus with seven buildings across 20 acres in Marin County, for $115 mil ($283/sf). The company invested $55 mil of equity and assumed a...
| Work Started on Verizon Tech Hub in San Jose
Verizon and Hunter Storm have broken ground on Verizon’s new 640k sf technology hub at Coleman Highline—a massive, mixed-use, transit-oriented development in San Jose. The Verizon tech hub will support more than 3,000 employe...
| Z&L Properties Obtains $330 Mil in Financing for Downtown San Jose Condo Project
Z&L Properties Inc has secured $330 mil in financing for the development of 188 West St. James, a two-tower, 640-unit luxury condominium project located in downtown San Jose. The project is currently under construction on a 1...
| Historic San Francisco Office Building Refinanced with $350 Mil Loan
Kylli, Inc has obtained a $350 mil refi loan on 225 Bush Street, a historic, Class A office building totaling 580k sf in the heart of San Francisco’s Financial District. The fixed-rate loan was funded by Deutsche Bank and arr...
| Construction Tops Off on Bay Area Mixed-Use Development
Construction on Station 1300, a new three-story, transit-oriented development in downtown Menlo Park, just topped off in September with placement of the final beam. The mixed-use project is a development of Greenheart Land C...
| Score One for Chase Center
By Brian Libby
This year, the NBA’s Golden State Warriors are playing their first season in San Francisco after departing their longtime home, Oracle Arena in Oakland, for the new Chase Center.
Part of a $1.4 bil developmen...
| Sares Regis Group of Northern California Acquires Land for South San Francisco Multifamily Development
San Mateo-based Sares Regis Group of Northern California (SRGNC) has closed escrow on five parcels of land in South San Francisco adjacent to the new Cadence luxury apartment community for an upcoming second phase of the proj...
| Roku Boosts Its Presence in San Jose with New Lease for 162k sf of Space
Roku Inc recently increased its San Jose footprint, taking over the 162.6k sf space in Building 1 of Coleman Highline, previously leased to 8x8, Inc. With this deal, Roku’s total square footage in the project is now 716.3k s...
| Stockbridge Pays Over $100 Mil for Luxury Res Complex in San Jose
LINQ, a 230-unit, transit-oriented luxury apartment community in San Jose, traded to a new owner in a $103.8 mil transaction, valuing the property at $451k/unit. The buyer was Stockbridge, on behalf of the firm’s Value Fund I...