| Portola Valley, CA Office Property Offered for Sale in Rare Listing from the Area
Here’s your chance to take ownership of 28% of the entire Portola Valley, CA office market.That would be with the acquisition of Ladera Professional Center, a 23.4k sf asset situated on 2.66 acres that has just been listed fo...
| Newly Completed Hilton Garden Inn in Fremont Sells for Over $40 Mil
In a recent Bay Area hotel buy, AWH Partners acquired the newly completed, 145-room Hilton Garden Inn in Fremont. The five-story hotel, which includes conference spaces, an extended outdoor area, restaurant and lobby bar, was...
| Dostart Development Company and Sares Regis Group of Northern California Lock in $182 Mil of Construction Money for Burlingame Office Development
Dostart Development Company and Sares Regis Group of Northern California have obtained $182 mil in construction financing for the development of 220 Park in Burlingame. The 184k sf, Class A+ office development represents the ...
| Bay Area Grocery Outlet Property Trades in $6.7 Mil Deal
A 1031 exchange investor out of Los Angeles paid $6.715 mil for a 33.6k sf ($200/sf) retail property in Fairfield, CA. The property, located at 200 Travis Blvd, is fully occupied by Grocery Outlet.
Built in 1977, the propert...
| Sares Regis Group of Northern California and Dostart Development Company Start Work on Bay Area Office/Retail Project
Sares Regis Group of Northern California (SRGNC) and Dostart Development Company (DDC) have broken ground on 185k sf of office and retail space in the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
| Newmark Knight Frank Awarded Leasing Assignment for San Francisco Office Tower
Barker Pacific Group (BPG) and PGIM Real Estate have awarded the leasing assignment for One Sansome Street, a 42-story, LEED Platinum-certified office tower in the heart of San Francisco’s Financial District, to Newmark Knigh...
| JB Matteson Inc Closes Six Multfamily Assets Refis Totaling $132 Mil
JB Matteson Inc has refinanced six CA and WA multifamily properties comprising a total of 965 units in separate transactions totaling $132 mil.
The six permanent loans were arranged by Dennis Williams and Tom Wight of NorthM...
| Historic Office Building in Downtown Oakland Trades in $14 Mil Deal
An eight-story, 43k sf historic office building in downtown Oakland sold for $14 mil, or $325/sf. The property, located at 1625 Clay St, is 65% occupied. The buyer intends to implement a renovation program at the building.
| Hines Pays $800 Mil for PG&E’s 1.6 msf Office Complex in Downtown San Francisco
Hines has closed on a record setting acquisition in downtown San Francisco, purchasing Pacific Gas and Electric Company’s 1.6 msf General Office complex for $800 mil, or $500/sf. We’re told this is the largest property, by sq...
| Black Creek Group Closes 690k sf Silicon Valley Biz Park Buy
Black Creek Group purchased Little Orchard Center, a 690k sf business park in San Jose. The asset consists of four buildings on just under 16 acres of land.
The property was sold by a Harvest Properties entity. Industry sou...
| Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
| Cannae Partners and Blue Vista Capital Management Acquire 61k sf R&D/Office Asset in Fremont
Cannae Partners and Blue Vista Capital Management purchased Bayside Technology Park, a 61.5k sf R&D office building in Fremont. The property was sold by Osprey Capital LLC in a $16.55 mil ($269/sf) deal.
The property is loca...
| Riaz Capital Introduces Its Third Opportunity Zone-Compliant Development Fund
Riaz Capital, a Bay Area-based development and management company, has unveiled its latest opportunity zone-compliant development fund, focused on housing for the Bay Area’s underserved urban workforce.
The Ozone III fund,...
| Multifamily Property in San Leandro Sells for $275k per Unit
Foothill Terrace, a 25-unit multifamily property in San Leandro, recently sold for $6.875 mil, or $275k per unit. Located on a 1.16-acre parcel, Foothill Terrace is comprised of four buildings with approximately 21.5k sf of r...
| Bay Area Industrial Campus Lands $220 Mil Refi
Pacific Commons South, a 1.9 msf property in one of the top-performing industrial markets in the San Francisco Bay Area, has just been refinanced with a new loan for $220 mil. The property, owned by a venture between Overton ...
| Bloom Energy Agrees to 150k sf Expansion/Renewal Lease in San Jose
Bloom Energy has inked a new lease in San Jose to renew and expand its current 102.8k sf space at 237@First with an additional 47.1k sf. Bloom Energy – which delivers highly reliable and resilient, always-on electric power th...
| Avanath Capital Management Buys 71-Unit Berkeley Multifamily Property
Avanath Capital Management LLC has acquired Acton Courtyard, a 71-unit, mixed-use affordable housing community with 7k sf of ground-floor retail in Berkeley, CA. The property is located at 1370 University Ave, between San Pab...
| The Hanover Company Breaks Ground on San Jose Res Development
The Hanover Company has broken ground on Winchester Apartments, a 366-unit, multifamily project in San Jose. Designed by KTGY, the seven-story development boasts an amenity-rich community aimed at serving active professionals...
| Silicon Valley R&D/Office Campus Gets New Owner in $56 Mil Deal
Valley Creative Center, a six-building R&D/office campus totaling 166.9k sf of space in north San Jose, sold for $56 mil ($335/sf). Redwood City-based Dollinger Properties purchased the asset from Vista Investment Group.
| Grosvenor Americas Acquires 218k sf Office / R&D Campus in North San Jose
Grosvenor Americas has acquired the Orchard-Trimble office and R&D campus, a three-building, 218k sf property in North San Jose. The property is fully leased to Toshiba America Electronic Components Inc, the US storage and se...