| Waterfront Res Community Started in Bay Area City of Hercules
Ledcor Development LP broke ground on The Grand, a 232-unit waterfront residential development in Hercules, a Bay Area city in western Contra Costa County, about 10 miles north of Berkeley. Set to open spring 2021, The Grand...
| NoCal Outpatient Clinic Sells for $700/sf
A NoCal firm involved in a 1031 exchange paid $7 mil for a 9.9k sf ($707/sf), outpatient clinic in Castro Valley, CA. The property was sold by Meridian in a deal that closed at a cap rate of 5.0%.
The outpatient clinic is l...
| Silicon Valley Office Project Lands $314 Mil in Acquisition and Construction Money
Harvest Properties and Invesco Real Estate are closer to starting work on Catalyst, a fully-entitled, four-property office portfolio that will comprise 587.9k sf in the Silicon Valley city of Sunnyvale, after securing $313.8 ...
| Nazareth Enterprises Saves San Mateo Ice Rink with $11.5 Mil Purchase of 55k sf Building
Nazareth Enterprises Inc has acquired the ice rink facilities and 55k sf retail building at the BridgePointe Shopping Center in San Mateo, in an $11.5 mil off-market transaction. The building is located at 2200-2202 BridgePoi...
| Local Developer Pays $15.5 Mil for 2.75-Acre Parcel in Fremont
A local developer paid $15.5 mil for a 2.75-acre land parcel in Fremont. The land parcel is located at 3515 Walnut Ave. The property is in close proximity to transportation hubs and major highways, including Interstates 880 a...
| East Bay / Oakland Office Market Expected to Pick Up After Slow 1st Quarter
This report was provided by real estate services firm Cushman & Wakefield
The East Bay / Oakland office market may have got off to a slow start in 2019, with virtually no growth and moderate leasing activity, but significant...
| Triad Development Gains Approval for Office Development in Vacaville
Triad Development has received approval for a 700k sf to 840k sf, Class A office development project in Lagoon Valley. The development site is located along I-80 on Lagoon Valley Rd in Vacaville, roughly 50 miles from downtow...
| Office Building in San Franciscoís SoMa District Acquired by Chilean-based Stars Investments in a Venture with The Swig Company
A 42k sf office building located in the SoMa submarket of San Francisco was acquired by Chilean-based Stars Investments in partnership with San Francisco-based The Swig Company. The building, situated on a 50k sf lot at 945 B...
| Equity Residential Looking to Add 200+ Units to Its Reserve at Mountain View Apartments
Equity Residential has submitted plans to the City of Mountain View to add 200+ apartments to its Reserve at Mountain View Apartments, located at 870 E. El Camino Real in the City of Mountain View. The proposal includes the a...
| San Mateo Retail Property Trades for $31.5 Mil
Borel Square Shopping Center, a 96.7k sf neighborhood shopping center in San Mateo, sold for $31.5 mil ($326/sf). The single-story retail property is anchored by CVS and 24 Hour Fitness and is 97.6% percent leased overall.
| Indeed Leases 37k sf in Foster City
Indeed signed a lease for 37.1k sf of office space at Parkside Towers in Foster City. Indeed, an online employment search engine company, is set to occupy the eighth floor of the East tower in January 2020.
Located at 1001 a...
| New Bay Area Office Development Lands $515 Mil in Financing
Kylli Inc has obtained $515 mil in financing for Burlingame Point, a brand new, state-of-the-art 803k sf office campus in the Bay Area city of Burlingame. The construction financing was provided by J. P. Morgan and Starwood P...
| Reliant Group Closes $116 Mil NoCal Res Portfolio Buy
San Francisco-based Reliant Group Management purchased a portfolio of seven apartment communities, located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward, for $116 mil. The portfolio contains 603 apartm...
| Affordable Housing Project Breaks Ground in Redwood City
An affordable residential rental development, 2821 ECR Apartments, has just broken ground. The project is being developed by Palo Alto Housing (PAH) in the North Fair Oaks neighborhood of San Mateo County.
Plans call for 67...
| San Francisco Office Market Continues Strong in 2019
This report was provided to us by real estate services firm Kidder Mathews; prepared Jerry Holdner, Director of Research
San Francisco Office 1st Quarter 2019
The office market in San Francisco kicked off 2019 with over 770...
| San Jose Multifamily Property Trades for $350k/Unit
Delano Apartments, a fully upgraded 35-unit multifamily community in San Jose, sold for $10 mil, or $350k/unit. Located at 272-280 La Pala Dr, the property is in close proximity to major employers, transportation corridors, s...
| Chartres Lodging Group Buys NoCal Resort Property
Hotel investment company Chartres Lodging Group has acquired Dr. Wilkinsonís Hot Springs Resort, a 42-room lodging and wellness establishment in Calistoga, in NoCalís Napa Valley. The price was not disclosed.
The property is...
| CDK Global Takes 76k sf of Renovated Office Space in San Jose
CDK Global has agreed to a lease for 76.4k sf of office space in San Jose. The space is at 250 Holger Way, within District 237, a newly renovated Class A office park comprised of five buildings totaling 415k sf. Terms of the ...
| Alexandria Real Estate Equities Makes $66 Mil Office Buy in San Francisco
Alexandria Real Estate Equities, out of Pasadena, has acquired a 66.7k sf office building in San Francisco in a $66 mil ($990/sf) transaction. The property is located at at 260 Townshend St, less than a block away from the Ki...
| Developer Spends $20 Mil on 3.26-Acre Development Parcel in Santa Clara County
A local developer paid $20 mil for a 3.26-acre land parcel in Santa Clara County, on which the buyer plans to construct a townhome community. The land parcel is currently occupied by 54 vacant mobile home units and is entitle...