| Lincoln Property Company Acquires Bay Area MOB for $39 Mil
Lincoln Property Company paid $39.2 mil for a 104k sf ($377/sf), medical office property adjacent in Burlingame. The property is situated on 3.72 acres at 1720 El Camino Real, adjacent to Mills-Peninsula Medical Center.
| Alchemy Resorts Buys 3,100-Acre Property in Napa County
Alchemy Resorts has acquired Aetna Springs Resort, a 3,100-acre resort property in Napa County’s Pope Valley. The property, situated just 16 miles from downtown St. Helena and 35 miles from the city of Napa, includes approval...
| San Francisco Creative Office Building Sells for Over $1,000/sf
Toy Real Estate Investment Company has acquired a 26.8k sf creative office building in San Francisco for $29 mil as part of a 1031 exchange trade. We’re told that the sale, which came in at $1,080/sf, set a new high-water ma...
| Century | Urban Spends $12 Mil on East Bay Office Building
Century | Urban, a real estate investment and advisory firm, acquired 2890 N. Main Street, a 42.7k sf office building located in Walnut Creek, for $12.3 mil ($288/sf). The three-story building is 94% leased with US Bank as it...
| East Bay Multifamily Community Goes for $44 Mil
The Mark, a 150-unit apartment property in the East Bay city of Hayward, has sold for $44 mil ($293k/unit). The buyer was New Standard Equities.
The garden-style complex is located at 24650 Amador St, east of I-880 and north...
| Continental Partners Arranges $6.5 Mil for the Purchase of a Mixed-Use Building in San Leandro
Continental Partners arranged $6.5 mil in financing for the purchase of a 34.1k sf, mixed-use building in the San Francisco Bay Area. The property, which was originally constructed in 1972, is located at 1290-1298 East 14th S...
| Student Housing Project in Downtown Berkeley Gets $26 Mil in Development Money
The Austin Group has obtained $26.25 mil in development money for The Den, a 160-bed student housing development located in the heart of Downtown Berkeley, at Telegraph Ave and Channing Way. The site, requiring demolition of...
| Bay Area Multifamily Portfolio Trades in $41 Mil Deal
A four-property, 201-unit multi-housing portfolio in the Sonoma County city of Rohnert Park was acquired by a private investor for $41.05 mil ($204k/unit). The properties were sold by a Colorado-based private investment entit...
| San Francisco’s California Pacific Medical Center Campus to be Redeveloped into a Single-Family and Multifamily Residential Campus
TMG Parters and Grosvenor Americas have teamed up to redevelop the California Pacific Medical Center (CPMC) Presidio Heights campus in San Franciso. The redevelopment will transform the CPMC campus from a large-scale hospital...
| Pleasanton Multifamily Property Acquired for $24 Mil by Private Investor
Vista Del Sol, a 73-unit multifamily asset in downtown Pleasanton, was acquired by a local, private investor for $24.25 mil, or $332k/unit. The property sits on 3.37 acres at 2451-2529 Santa Rita Rd.
The community is locat...
| Two High-End San Francisco Retail Properties Land $125 Mil in Refi Money
Newmark Knight Frank has arranged a $125 mil, fixed-rate loan on behalf of a high net worth family investment entity to refi two high-end retail properties in San Francisco. The assets, located at 111 Maiden Lane and 201 Post...
| TMG Partners and KKR Complete $255 Mil Bay Area Office Buy
TMG Partners and KKR have teamed up in major Bay Area office acquisition. The venture has purchased 1221 City Center, a 24-story, 522k sf tower in Downtown Oakland. The Class A tower is located at 1221 Broadway, at the inters...
| Legacy Partners and American International Group to Build 97-Unit Res Project in Hayward
A joint venture between Legacy Partners and American International Group Inc has acquired a 1.78-acre development site located at 28168 Mission Blvd in Hayward. The partnership will use the East Bay site for the development o...
| Coastal NoCal Power Center Sells for $45 Mil
The Dunes in Marina, a 233.9k sf, power center in the Monterey Bay area along the NoCal coast, was acquired by a private investor for $45 mil ($192/sf). It was sold by Shea Properties, an Orange County-based fully diversifie...
| Spec Office Project in the Bay Area to Move Forward with $65 Mil in Construction Financing
Acclaim Companies has secured $65.7 mil in non-recourse construction financing for 855 Main Street, a 100k sf, spec office development in downtown Redwood City. Menlo Park-based Acclaim received entitlement approvals for the ...
| New Milpitas Residential Community Opens to the Public
The Edge, a six-story, 381-unit apartment community in Milpitas, has opened to the public. The project was built by SCS Development and will be managed by Legacy Partners.
The Edge is located at 753 Montague Expwy. It featur...
| 90k sf Office Asset in Marin County Trades Hands
An investment entity led by Mark Hutchinson and Doug Twillman of San Francisco-based Dunhill Partners West picked up Woodside Office Center, an 89.5k sf, three-story Class A suburban office property in the affluent Marin encl...
| Decron Properties Closes 208-Unit Silicon Valley Multifamily Buy
Decron Properties has acquired Willow Creek, a 208-unit multifamily community in San Jose, for $84.6 mil, or about $407k/unit.
Built in 1985, Willow Creek consists of a mix of one- and two-bedroom floor plans. All units inc...
| Bay Area Retail/Commercial Center Trades in $87 Mil Deal
Blackstone Real Estate, with its ShopCore Properties affiliate, has acquired Westgate Shopping Center, a roughly 800k sf retail/commercial complex in the Bay Area city of San Leandro, for $87 mil in an all-cash deal. The asse...
| Construction of Redwood City Office Development a Go After Securing Funding of $65 Mil
Acclaim Companies has secured $65.7 mil in financing for the development of 855 Main Street, a 100k sf office building the firm plans to build in downtown Redwood City. The loan was arranged by Newmark Knight Frank and funded...