| Trion Properties Makes 61-Unit Res Buy in San Leandro
Trion Properties has purchased Cedar Grove, a 61-unit multifamily community located in San Leandro, for $15 mil, or $246k/unit. Built in 1959, the property is located at 1200 Davis St, a few blocks east of I-880.
| Commercial Real Estate Financing Briefs
MERIDIAN CAPITAL GROUP - Seth Grossman, Sarah Kuebler and Eric Schleif with Meridian Capital Group arranged $45 mil in financing for McCarthy Ranch Marketplace, a 266k sf retail property in Milpitas. Located at 15-251 Ranch D...
| Production, Distribution and Repair Building in San Francisco Sells for $850/sf
A joint venture between Presidio Bay Ventures and Kinship Capital purchased 200 Kansas Street, a 90.1k sf production, distribution and repair (PDR) building located in San Francisco. From what weíve heard, the property sold f...
| Buchanan Street Partners Makes Bay Area Office/Life Science Buy
Buchanan Street Partners has acquired Newark Tech Park, a 99.7k sf, two-building office and life science project in San Franciscoís East Bay, for $26.2 mil, or $263/sf. The property, located at 8000 and 8100 Jarvis Ave, was 9...
| Construction Starts on Additional 75 Units at Sunnyvale Mixed-Use Development
Construction has begun on 75 new apartments at The Flats, bringing the number of homes at the luxury community in Downtown Sunnyvale to a total of 273. The 125k sf building will expand on The Flatsí existing, fully leased, 19...
| Bay Area Development Site Sells for $6 Mil
A private investor paid $6 mil for a one-acre, developable land parcel in the Bay Area submarket of Redwood City. The site, located at 847 Woodside Rd, was sold by Service Corporation International.
Adam Levin and Robert Joh...
| Bay Area Office Building Acquired by Barker Pacific Group and Iron Point Partners in $31 Mil Deal
Sutter Square, a 174.7k sf, nine-story office building in Concord, was acquired for $30.9 mil ($177/sf) by a joint venture between Barker Pacific Group and Iron Point Partners. The building, located at 1800 Sutter St near the...
| Bay Area Mixed-Use Development Moves Forward with $106 Mil in Financing
A Windy Hill Property Ventures-led partnership has obtained $106 mil in financing for the development of 406 E 3rd Ave, a mixed- use project in San Mateo. When completed, the ground-up development will consist of 115k sf of o...
| Hilton San Jose Hotel Sells in $117.5 Mil Deal
Hilton San Jose, a 353-room hotel in downtown San Jose, sold for $117.55 mil, or $333k/room. The hotel, which transferred unencumbered of an existing management agreement, was sold by Hanís Holdings Group Ltd.
The 18-story H...
| Bay Area Res Community Fetches $725k/Unit
Aperture, an 83-unit luxury apartment community in downtown San Bruno, has traded hands. The asset was sold by Sares Regis Group of Northern California (SRGNC) and its equity investment partner, The Resmark Companies, who par...
| San Francisco Office Market Review for Year-End 2019
This report was provided by real estate services firm Kidder Mathews
The San Francisco office market continues to reach new heights, as strong tenant demand remains active in one of the nationís strongest markets. Just over...
| Bay Area Multifamily Property Acquired for $469k/Unit
Park Plaza, a 49-unit multifamily community in the Bay Area submarket of San Bruno, traded between private investors in a recent $23 mil ($469k/unit) transaction. Park Plaza is located at 2081 Whitman Way, in a San Mateo Coun...
| Glencrest Group and Angelo, Gordon & Co, L.P. Refinance 180-Unit Bay Area Res Community
A joint venture between Glencrest Group and Angelo, Gordon & Co, L.P. has obtained refinancing of $34.5 mil on Waterscape Apartments, a 180-unit, garden-style apartment community in Fairfield, CA. The loan was arranged by JLL...
| 100k sf Retail Property in Coastal NoCal Trades Hands
GRI Fairmont, LLC, an affiliate of First Washington Realty Inc, has purchased Fairmont Shopping Center, a 103k sf shopping center anchored by Safeway in the Bay Area. The property is situated on 7.46 acres at 705-799 Hickey B...
| Retail Real Estate Pro John Jay Passes at 72
It is with great sadness we report the passing of John Jay, President and COO of Oakland-based Jay-Phares Corporation (JCP). A regular on the retail panels at RENTVís Oakland / East Bay conferences, Jay was 72 years old.
| Bay Area Office Campus Lands $126 Mil Refi Loan
In financing news out of Northern California, CBRE Capital Markets has arranged $126.2 mil in refi money on Dublin Corporate Center, a 447.8k sf, Class A office complex in Dublin. The campus, located at 4120, 4140 and 4160 Du...
| Republic Urban Properties Obtains $335 Mil in Financing for Bay Area T.O.D. Project
Republic Urban Properties LLC has secured $335.6 mil for the development of Gateway at Millbrae Station, a transit-oriented, mixed-use residential and office property adjacent to the Millbrae BART and Caltrain Stations in Mil...
| Mountain View Res Property Trades for $686k/Unit
A 59-unit multifamily townhome community in the Silicon Valley city of Mountain View was acquired by a private investor for $40.5 mil, or $686.4k/unit. Built in 1970, the property is located at 2310 Rock St, 2.2 miles away fr...
| Silicon Valley Res Development Trades for $292 Mil
NYC-based Brookfield Property Group has closed on a large multifamily acquisition in Silicon Valley, paying $292 mil for The Village Residences, a 330-unit asset in Mountain View. The property was sold by a joint venture betw...
| M31 Capital Buys Historic Building in San Franciscoís Financial District
M31 Capital has purchased a five-story, 10.4k sf building at 620 Commercial St in San Franciscoís Financial District. Although we donít have the actual purchase price, the acquisition was financed with a $6.55 mil bridge loan...