| Silicon Valley Office Buy Financed with $41 Mil Bridge Loan
Vahe Tashjian of Dutchints Development has purchased a 71k sf office asset in the Silicon Valley from an institutional seller. Although the actual price was not given out, we do know that the deal was financed with a $41 mil ...
| San Bruno Multifamily Property Traded at $420k/Unit
A 1031 exchange investor paid $12.6 mil for Crestview Apartments, a 30-unit ($420k/unit) multifamily complex in San Bruno. The property sits on two parcels at 2201-2221 Princeton Drive.
Crestview Apartments has a mix of 25 o...
| Berkeley R&D Complex Trades in $17.5 Mil Deal
A three-building, 48k sf R&D property in Berkeley sold for $17.5 mil ($365/sf). The complex is situated on nearly three acres of land at 600-630 Bancroft Way, on the banks of Berkeley’s Aquatic Park.
The fully leased complex...
| Redwood City Multifamily Community Trades for $500k/Unit
Velocity at Sequoia Station, a 30-unit multifamily community in Redwood City, was acquired by a private 1031 exchange investor in a recent $15 mil ($500k/unit) deal. The asset, located at 1331 Jefferson Ave, was sold by Old A...
| Conor Commercial Real Estate and American Realty Advisors Break Ground on 815k sf Logistics Facility in Fremont
Conor Commercial Real Estate and American Realty Advisors (“ARA”) have just broken ground on Pacific Commons Industrial Center, the largest distribution building in development across the San Francisco Bay Area. The 814.9k sf...
| Brick and Timber Collective Buys Office Property in San Francisco’s North Waterfront Submarket
Brick and Timber Collective has purchased a 54.4k sf office building in San Francisco’s North Waterfront submarket. PCCP LLC provided $26.2 mil in financing for the acquisition and repositioning of the five-story, Class A bui...
| Westcore Properties Purchases 79k sf R&D Asset in San Jose
Westcore Properties has purchased Silicon Valley Research Center, consisting of two R&D buildings located at 1110 and 1120 Ringwood Court in San Jose. The assets were sold by LBA for an undisclosed sum.
Building one, at 1110...
| Sierra Investments Picks Up Bay Area R&D Property
Sierra Investments has acquired a 22.5k sf, 3.35-acre R&D investment property in Belmont, CA from Davis Commercial LLC, a private seller. The central Peninsula property, which is situated at the corner of Ralston Ave and Davi...
| Columbia Property Trust Brings Landmark San Francisco Tower to 96% Leased
Columbia Property Trust Inc has revitalized and re-leased 650 California Street, a 478k sf office building in San Francisco’s Financial District that it acquired in September 2014. The firm has signed leases totaling 315.7k s...
| CIM Venture Starts Construction on 240k sf Data Center Campus in San Francisco
CIM Group, in partnership with fifteenfortyseven Critical Systems Realty (“1547”), has started work on a 240k sf, data center campus on 7.3 acres at 400 Paul Ave in San Francisco. The project will offer a flexible design to ...
| Bay Area Mixed-Use Project Underway Thanks to $65 Mil in Construction Money
Fremont Hills Development Corp has obtained $65 mil in construction financing for the development of Mission Hills, a mixed-use project in the Bay Area city of Fremont. The loan was provided by Parkview Financial.
| Bay Area Hotel Lands Additional $10 Mil in Financing
A Johnson Hospitality-led partnership has obtained an additional $10 mil in non-recourse financing for the Courtyard by Marriott, a 191-room, limited-service hotel in the Bay Area city of Los Altos. This money is in addition ...
| Private Investor Pays $700k/Unit for Palo Alto Multifamily Property
A private investor paid $8.45 mil for Villa Sierra Apartments, a 12-unit ($704k/unit) multifamily community in Palo Alto. The property is located at 801 Middlefield Rd, in the city’s downtown region, with shopping, dining and...
| San Mateo Apartment Portfolio Refinanced with $133 Mil Loan
Stockbridge Capital Group recently secured $132.9 mil in financing on a three-property, Class A apartment portfolio totaling 336 units in San Mateo. The loan proceeds were used to retire existing construction financing.
| San Francisco Office Building to Undergo Addition and Complete Renovation
The Swig Company LLC has obtained $145 mil in construction financing for 633 Folsom, a seven-story, 171.6k sf office building in the SOMA submarket of San Francisco.
The loan proceeds will be used to complete a full building...
| The Kor Group Refinances the San Francisco Proper Hotel
The Kor Group has obtained a $45 mil refi loan on the 131-room San Francisco Proper Hotel, located in the heart of the city’s vibrant Mid-Market neighborhood. The Proper Hotel is located at 1100 Market St, a few blocks southw...
| Condos at New Luxury Res Project in San Bruno Sells Out in Four Months
Upscale residential condos at Sares Regis Group of Northern California (SRGNC) new development in the Bay Area city of Mountain View, 1101 West, have sold out less than four months after hitting the market. Located at 1101 We...
| South San Francisco Life Sciences Campus Refinanced with Two Loans Totaling $385 Mil
Phase 3 Real Estate Partners Inc has obtained refinancing totaling $384.9 mil on its Genesis North and South Towers, two office and life science buildings totaling 717.9k sf in South San Francisco.
Genesis North and South T...
| Work Gets Started on 171-Unit TOD Res Development in Livermore
JEMCOR Development Partners has broken ground on Ageno Apartments, a 171-unit, mixed-income, transit-oriented development located at South Vasco Rd and Brisa St in Livermore. Ageno Apartments marks the final construction phas...
| WeWork Leases Entire 251k sf Building in San Francisco
WeWork has inked an 18-year lease to occupy the entire 20-story, 251.7k sf building at 430 California Street in San Francisco. The lease value was not disclosed.
WeWork will be the sole tenant in the landmark office tower th...