| ValueRock Realty Partners Spends $28 Mil on Two NoCal Retail Properties
ValueRock Realty Partners has acquired two NoCal retail properties in deals totaling $28.5 mil. The acquisitions consisted of University Village, a 43.9k sf, grocery-anchored retail center at 1075-1095 Monroe St in Albany, an...
| TMG Partners Hopes to Develop 760k sf Office Tower in Oakland
TMG Partners is looking to develop a full city block between Telegraph Ave, Valley West Grand Ave, and 22nd St in Oakland. The proposed development, at the intersection of Grand and Telegraph, calls for a 760k sf office build...
| San Francisco Office Market Gets Its Second Wind During Final Quarter of 2017
This end-of-year report on the San Francisco office market was provided to us by commercial real estate services firm Kidder Mathews:
The San Francisco office market got its second wind in the fourth quarter, closing 2017 wi...
| InterContinental San Francisco Hotel Financed with New $110 Mil Loan
CDC San Francisco has obtained $110 mil in first mortgage financing on the InterContinental San Francisco, a 32-story, 550-room hotel located adjacent to San Francisco’s Moscone Convention Center, in the city’s South of Marke...
| Concord Multifamily Community Sells for $206 Per Unit
Lakes Apartments, a 102-unit multifamily community in the Bay Area city of Concord, was purchased for $21 mil ($206k/unit) by The Lakes Concord Property Owner LLC, a private investment group.
The property, located at 1818, ...
| Vista Investment Group Pays $113 Mil for Silicon Valley Biz Campus
In one of the largest real estate investment transactions in Silicon Valley in 2017, Vista Investment Group, in a joint venture with an institutional money management firm, has acquired Vasona Technology Park, a 314.3k sf cam...
| Century/Urban Buys 16k sf San Francisco Office Property
Century/ Urban purchased a seven-story, 16k sf office building in San Francisco’s North Financial District. The building, located at 401 Washington St, at the corner with Battery St, was fully occupied at the time of sale.
| San Jose Multifamily Asset Refinanced with $200 Mil Loan
The Woods, a 1,841-unit landmark multifamily property in San Jose, was refinanced with a new loan of $200 mil.
Located at 4300 The Woods Drive, the property offers studio, one-, two- and three-bedroom floor plans. Within Th...
| Bay Area R&D Campus Picked Up by Peninsula Land & Capital in $19.6 Mil Deal
Fremont Technology Park, a three-building, 166.8k sf office/R&D complex in Fremont, was purchased by Peninsula Land & Capital in a recent $19.65 mil ($118/sf) transaction. It was sold by Cabot Properties.
Built in 1985, Fre...
| Stockbridge Capital Group Refinances 119k sf Biz Campus in San Jose
Stockbridge Capital Group has secured $11.75 mil in refi money for Junction Business Park, a two-building, 119.2k sf flex/industrial portfolio in San Jose. The property is located in Silicon Valley’s “Golden Triangle,” at the...
| San Jose Office Building Changes Hands in $28 Mil Transaction
A three-story, 116.8k sf, Class A office building in South San Jose has traded for $28.26 mil, or $242/sf. The property is at 6203 San Ignacio Ave, west of the 101 Fwy and south of Hwy 85.
The building features an extensive ...
| Okta Leases 200k sf HQ Space in San Francisco
Okta Inc has agreed to a 10-year lease for 207k sf of office space in San Francisco’s SoMa District. The transaction is at 100 First Street, a 27-story, 467k sf building owned by Kilroy Realty Corp. The deal value was not dis...
| Oakland Apartment Property Sells for $279k/Unit
In a recent multifamily comp from the East Bay, a 24-unit property in the Ivy Hill neighborhood of Oakland sold for $6.7 mil, or $279k/unit. The property is located at 1829 6th Ave, a few blocks east of Lake Merritt roughly m...
| Lane Partners Buys 600k sf Office Asset in San Jose
A Lane Partners-led venture has acquired HQ@first, a 603.7k sf, three-building creative office tower property in San Jose. The property, located at 110, 120, and 130 Holger Way, was acquired with $200 mil in financing.
| Bay Area Res Community Traded in $53 Mil Transaction
JRK Property Holdings has acquired Diamond Hillside, a 242-unit garden style apartment community in the San Francisco East Bay community of Pittsburg. The asset was sold by a joint venture of McDowell Properties and Harbert M...
| Work Has Started on 551-Unit Res Project in San Jose
A venture between Western National Group, Anchor Real Estate Capital and Fantasia Holding Group has started construction of a new 551-unit multifamily community in San Jose. The project, to be called The Platform, is located ...
| Parking Structure at Fisherman’s Wharf in San Francisco Trades
Stockdale Capital Partners has purchased the 241-stall parking garage at San Francisco’s historic Fisherman’s Wharf. The highly-coveted structured parking garage, located at 350 Beach St, was sold by a private family investor...
| Old Mother’s Cookies Building in Oakland Sells in Sweet $10 Mil Deal
The 21-unit Old Mother’s Cookies Lofts building in Oakland was acquired by BRAD Management in a recent $9.86 mil transaction. We’re told this sale represents the highest price per unit for a multifamily deal in Oakland this y...
| San Francisco Planning Commission Approves Mixed-Use Project by Trammell Crow Residential in City’s SoMa District
A planned mixed-use residential development by Trammell Crow Residential (TCR) in San Francisco’s SoMa district was just approved by the city’s planning commission. The new $95 mil development, slated to consist of 127 apart...
| Private Investor Spends Over $21 Mil on NoCal Industrial Asset
A private investor paid $21.5 mil for a 417.6k sf industrial property in Lathrop, CA. The property is located on 34.6 acres at 17100 South Harlan Rd, in the center of San Joaquin County, 60 miles east of the Port of Oakland. ...