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• East Bay Industrial Market in 2021 Records Strongest Leasing Activity Since 2016
2/16/22
This report provided by Cushman & Wakefield
ECONOMY: California Reopening Stumbles, Industrial Does Not
The East Bay, consisting of Alameda and Contra Costa counties, recorded positive job growth with 31,000 jobs added year...
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• Safe Passages Spends $3.2 Mil on Historic Building in Downtown Oakland
2/16/22
Safe Passages, an Oakland-based non-profit, has purchased 1017 Clay Street, a three-story, 13.5k sf, historic office/retail building located in downtown Oakland, for $3.2 mil ($237/sf). The seller was a family trust.
Built i...
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• Multifamily Asset in the East Bay is Traded in $23 Mil Deal
2/16/22
Mosaic Apartments, a 62-unit apartment community located in Castro Valley, an unincorporated community in CA’s Alameda County, traded hands in a recent $23 mil ($371k/unit) transaction. The apartment community, situated on 2....
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• Canopy Health Relocates Its HQ to New Emeryville Office Space
2/10/22
Canopy Health has signed a lease to move its headquarters to 2100 Powell St, a 349.3k sf office building in Emeryville. The company will occupy 13k sf on the sixth floor beginning May 2022.
Canopy Health is a physician- and...
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• Ridge Capital Investors LLC, Contrarian Capital Management and Andell Holdings Acquire Two Multifamily Assets in the East Bay
2/07/22
Ridge Capital Investors LLC, in joint venture with Contrarian Capital Management and Andell Holdings, has acquired a two-property, 444-unit multifamily portfolio in an off-market transaction. The portfolio assets are located ...
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• San Jose Apartment Community from 1961 Sells for $379k per Unit
2/02/22
A 24-unit multifamily asset in Willow Glen, a prime submarket of San Jose, traded hands in a recent $9.1 mil ($379k/unit) transaction. The property is located at 51 Glen Eyrie Ave, south of I-280 and west of Hwy 87.
Original...
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• Pleasanton Office/R&D Campus Fetches $267/sf
2/02/22
Britannia Business Center, a 292k sf office/R&D campus in the Bay Area community of Pleasanton, traded hands for $78 mil, or $267/sf.
Britannia Business Center is positioned on 19.3 acres at 4125, 4155, 4255 and 4385 Hopyar...
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• Highbridge Equity Partners Secures $111 Mil Refi on Oakland Office Portfolio
1/31/22
Highbridge Equity Partners has obtained $111 in refi money on a 300k sf, three-building creative office portfolio in Oakland. Highbridge will apply the debt to repay existing loans and fund future improvements on the properti...
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• Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding
1/31/22
GreenRock Capital LLC (GreenRock) successfully led $103 mil in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital, located at 845 Jackson St in San Francisco. We’re told this is the largest singl...
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• San Francisco Office Market in Recovery Mode
1/28/22
This report was provided by real estate services firm Kidder Mathews
MARKET DRIVERS
The San Francisco office market is steadily recovering. While 2020 had historically low leasing activity sitting at a total of 3.7 msf comp...
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• Res Development Site Across from UC Berkeley Campus Goes for Over $21 Mil
1/28/22
A development site of 0.3 acres situated across the street from the University of California, Berkeley was acquired by an unnamed investor for $21.5 mil. The buyer plans to build an 87-unit, 232-bed student housing developmen...
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• CenterPoint Properties Buys 208k sf of Industrial Space in the East Bay
1/27/22
CenterPoint Properties recently acquired two fully-leased industrial properties totaling 208.2k sf in the San Francisco East Bay submarket of Fremont. Deal values were not given out.
The buildings are situated on 13.69 acres...
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• Belvedere’s First Housing Proposal Under New State Legislation Submitted to the City
1/27/22
The owners of Mallard Pointe submitted a final application under Senate Bill 330 to the City of Belvedere to revitalize the existing 2.8-acre site with a new, mixed-income community of 42 residences, adjacent to Belvedere Lag...
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• Rubicon Point Partners Acquires Ownership of Iconic Rotunda Building in Downtown Oakland
1/25/22
Rubicon Point Partners, a woman- and minority-owned real estate company specializing in transformative investments, has acquired a majority interest in the iconic Rotunda Building in downtown Oakland. It was sold by Rotunda P...
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• NIO USA Leases 200k sf San Jose HQ Facility
1/14/22
Electric vehicle manufacturing company NIO USA Inc has agreed to a 10-year lease for a 201.5k sf office HQ facility in San Jose. The firm will utilize the property, located at 3151 Zanker Rd, as a Research and Innovation Cent...
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• Longfellow Real Estate Partners Pays $36 Mil for Emeryville Flex/R&D Building
1/13/22
Longfellow Real Estate Partners closed on an off-market acquisition in the East Bay, paying $36 mil for a 62.9k sf ($572/sf), single-story flex/R&D building in Emeryville. The property, located on 2.27 acres at 6601 – 6603 Sh...
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• Meta Housing Breaks Ground on 142-Unit Affordable housing Project in Santa Clara
1/07/22
Meta Housing has begun work on Stony Oaks Apartments, a four-story, medium high-density community that will provide 142 units of affordable housing to the city of Santa Rosa. Located at 2542 Old Stony Point Rd, the apartment ...
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• Lane Partners Buys Industrial Property in South San Francisco
1/07/22
In a quick Bay Area sales brief, Lane Partners purchased a 70k sf, multi-tenant industrial facility for $22 mil, or $314/sf. The property, located on 2.85 acres at 275 S. Maple St, was sold by a private investment group.
We’...
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• PRP Collects $182 Mil from Sale of San Francisco Office Asset
1/06/22
PRP has sold 350 Rhode Island Street, a 127.1k sf office building in San Francisco, in two separate transactions totaling $182.5 mil. The property, leased to the City and County of San Francisco, was originally acquired for $...
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• Berkeley Apartment Building from the 1960s Sells for $388k per Unit
1/03/22
A 23-unit multifamily property in Berkeley sold for $8.925 mil, or $388k per unit. This was the first time the property, located at 2627 Hillegass Ave, was on the market since its original construction back in the 1960s.
262...
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