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• Woodstock Development Pays Over $1,700/sf for Silicon Valley Office Property
12/27/21
Woodstock Development paid $40.35 mil for Ladera Professional Center, a 23.4k sf ($1,724/sf) office property in Portola Valley, CA. Built in 1964, the property sits on 2.66 acres at 3200-3280 Alpine Rd, roughly 35 miles south...
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• CBRE Investment Management Fund Acquires Stake in Over 1 msf of San Francisco Life Science Properties
12/23/21
A fund sponsored by CBRE Investment Management – formerly known as CBRE Global Investors – acquired a majority stake in two life science portfolios in the Mission Bay knowledge cluster of San Francisco. The fund made the inve...
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• New Santa Rosa 7-Eleven Trades for $8 Mil in record deal
12/21/21
A private investor based in El Dorado Hills has purchased a brand-new construction, single-tenant net-leased investment occupied by 7-Eleven with a gas station in Santa Rosa, in an $8 mil ($2,667/sf) pre-sale transaction. The...
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• Fremont Multifamily Community Sells for $112.5 Mil
12/17/21
The Rexford, a 203-unit, fully-renovated multifamily community in Fremont, was purchased for $112.5 mil ($554k/unit) by a publicly traded real estate investment trust in a deal we’re told ranks as as the largest single multif...
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• Channel Properties Buys Newly Constructed Multifamily Property in Marin County
12/10/21
Napa-based Channel Properties purchased a newly constructed, 41-unit multifamily mixed-use development in downtown San Rafael, just north of San Francisco in affluent and severely supply-constrained Marin County. Completed in...
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• City Center Realty Partners Buys R&D/Life Sciences Property in Berkeley
12/09/21
City Center Realty Partners has purchased Parker Innovation Hub, a three-building, 40.6k sf R&D and life sciences campus in Berkeley. The property was sold by Lift Partners in a $22 mil ($542/sf) transaction.
Parker Innovati...
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• Four Corners Properties Closes $90 Mil Bay Area Office Purchase
12/08/21
Shoreway Innovation Center, a 150k sf, Class A office building in Belmont, traded hands for $90.25 mil ($602/sf). The four-story building, located at 1301 Shoreway Rd, was purchased by Four Corners Properties.
Shoreway Inno...
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• Tishman Speyer Meta Tenant for Its Entire 719k sf Sunnyvale Campus
12/06/21
Meta, the online social media behemoth formerly known as Facebook, has inked a lease for a 719k sf Sunnyvale office campus. We’re told that the agreement represents the largest new private sector office lease executed anywher...
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• Investors Pick-Up Adjacent Properties in Cupertino
12/01/21
Two adjacent properties in Cupertino, one office and the other retail, traded hands. Together the properties comprise just over 2.5 acres along De Anza Blvd, next to the Infinite Loop campus of a global tech company.
The of...
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• Menlo Equities Closes $35 Mil Office Buy in Silicon Valley
11/30/21
An affiliate of Menlo Equities paid $35 mil for a 99.6k sf ($351/sf), Class A office building in San Jose. The building, situated on a 4.86-acre parcel at 300 Holger Way, was sold by KBS Real Estate Investment II.
The proper...
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• Nearon Enterprises and Woodstock Development Buy NoCal Life Sciences Campus
11/24/21
Crossroads Research Center, a four-building life sciences and R&D campus totaling 322.3k sf in Union City, CA, was acquired by a joint venture between Nearon Enterprises and Woodstock Development. The price was not disclosed....
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• J&J Properties Spends $64 Mil on HQ Campus in South San Jose
11/11/21
J&J Properties purchased a 160k sf, advanced manufacturing and office campus in South San Jose for $64.3 mil ($402/sf). The property, located at 5300-5350 Hellyer Ave, was sold by Empire Square Group.
CAES (formerly Cobham) ...
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• Bay Area Multifamily Property Goes for $658k per Unit
11/11/21
Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.
Originally constructed in 1963, Farm Hill Ma...
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• Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
11/09/21
In a San Francisco medical office buy, Rubicon Point Partners purchased 350 Parnassus, a 77k sf building just a block from Golden Gate Park. The firm financed the deal with a $53.7 mil first mortgage loan provided by Mesa Wes...
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• Klingbeil Capital Management Makes 137-Unit Multifamily Buy in the East Bay Area
10/25/21
Avery at TownCentre, a 137-unit, two-story apartment community in the East Bay Area city ofBrentwood, was purchased by Columbus, OH-based Klingbeil Capital Management in a deal worth $49.5 mil ($361.3k/unit).
Avery at TownC...
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• HCF Development Acquires 170-Unit Berkeley Res Property in $100 Mil Transaction
10/21/21
HCF Development has acquired K Street Flats, a 170-unit multifamily property located in the heart of downtown Berkeley, in a recent transaction valued at about $100 mil, or $588.2k/unit. Built in 2006, the project is located ...
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• San Francisco Office Market Expected to Pick Up
10/14/21
This report was provided by Kidder Mathews Director of Research Gary Baragona
Emerging office market fundamentals suggest that recovery is just around the corner for San Francisco’s office market, according to third quarter ...
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• Pennant Housing Group Picks Up 91-Unit Affordable Housing Property in Berkeley
10/13/21
Pennant Housing Group has purchased Harriet Tubman Terrace, a 91-unit, Section 8 HAP property in Berkeley. The acquisition was financed with a $32.5 mil Fannie Mae DUS® Multifamily Affordable Housing (MAH) loan arranged by Gr...
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• Third Quarter 2021 Silicon Valley Office Sales Hit Their Highest Level in Two Years
10/11/21
This update was provided by real estate services firm Kidder Mathews
Silicon Valley Office CRE Market Update – 3rd Qtr. 2021
MARKET DRIVERS
• Asking lease rates rose 3.4% year-over-year (YOY) to $4.84/SF full service.
• Sa...
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• $300 Mil in Financing Deals Arranged by JLL Capital Markets and George Smith Partners
10/11/21
Here are financing briefs for two deals worth almost $300 mil arranged by JLL Capital Market and George Smith Partners. One of the transactions is for a refi on a Class A office building in San Francisco, while the other is f...
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