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• Berkeley Partners Spends $24.5 Mil on San Jose Asset
6/24/21
Berkeley Partners purchased a 54k sf R&D facility in San Jose for $24.5 mil, or $454/sf. The property was sold by Goble Properties and Cojourn Companies.
Located at 2121 and 2125 Zanker Rd, the property was originally built ...
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• Bay Area Multifamily Development to Move Forward with $131 Mil Investment
6/17/21
Square Mile Capital Management LLC originated a $131.2 mil investment to facilitate the development of Artisan Crossing, a 250-unit multifamily project located 1325 Old County Rd at in the Bay Area city of Belmont. Square Mil...
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• GI Partners Buys 370k sf Bay Area Life Sciences Campus in $155 Mil Deal
6/16/21
GI Partners acquired Mt. Eden Research Park, a six-building, R&D / life sciences campus totaling 370k sf in Hayward. The asset was sold for $155 mil ($419/sf) by BentallGreenOak, who obtained $114 mil in financing for the dea...
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• The Hudson Companies Land $78 Mil Refi on Vespaio Mixed-User in San Jose
6/16/21
The Hudson Companies have secured a $78.5 mil bridge refi loan for Vespaio, a recently constructed mixed-use project that is currently in lease up in San Jose. Located at 130 Stockton Avenue, Vespaio is comprised of 162 apart...
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• Mike Moran Joins CBRE as Vice Chairman
6/11/21
Mike Moran has joined the Palo Alto office of CBRE as Vice Chairman. Moran will focus on office and life science leasing for institutional investor clients across the San Francisco Peninsula.
“Mike has been a dominant for...
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• Invesco Advisers Buys 335k sf East Bay Portfolio for Conversion to Life Science Use
6/08/21
Invesco Advisers Inc acquired a newly developed, 335k sf, six-building portfolio in Alameda, with plans to convert the property into state-of-the-art life science use. The deal is being financed with a loan for $99.235 mil to...
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• Longfellow Real Estate Partners Acquires 236k sf Bay Area Office Complex
6/02/21
Longfellow Real Estate Partners has acquired San Mateo Bay Center, a 235.9k sf office campus in San Mateo. The transaction was financed with a $178 mil first mortgage loan provided by Mesa West Capital to recapitalize costs a...
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• Fivetran Inc Leases 80k sf in Downtown Oakland
6/02/21
Fivetran Inc, a fast-growing automated data integration company, inked a lease for 80k sf of space in Downtown Oakland. The deal is at 1221 Broadway, a 24-story, 535k sf office building at the intersection of Broadway and 12t...
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• Work Gets Underway on Wine Country Res Development
6/01/21
OSM Investment has started work on Napa Creek Village, a 48-unit multifamily housing community in the heart of wine country. Located along Napa Creek on 2.5 acres, the community will include sustainable design features and br...
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• Cityview Raises $100 Mil in Opportunity Zone Capital for Oakland Waterfront Project
5/28/21
Cityview has raised nearly $100 mil in opportunity zone capital for its Oakland Waterfront project, a 378-unit multifamily development boasting sweeping waterfront views from over 80% of the units and state-of-the-art ameniti...
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• The Plaza Suites Hotel in Santa Clara Trades Hands
5/26/21
The Plaza Suites, a 219-room hotel located at 3100 Lakeside Drive in Santa Clara, was acquired by an unnamed Bay Area investment company. The property was sold by Sierra Land Group, out of Glendale, CA.
First opened in 1991,...
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• Fully Leased Retail Center in East Palo Alto Trades in $53 Mil Deal
5/25/21
Gateway 101, a 92.1k sf retail center in East Palo Alto, sold for $53.2 mil ($577/sf). The center, fully leased to two national, investment-grade tenants, was sold by Regency Centers Corporation. The buyer was a private forei...
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• Daly City Office Asset Trades in Deal Valued Near $168 Mil
5/20/21
Harvest Properties and an affiliate of Cerberus Capital Management L.P. have sold DC Station, a 385k sf, Class A office building and adjacent seven-level parking structure in Daly City. From what we hear, the deal had a total...
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• Planned Mixed-Use Development in San Jose Will Include a Life Time Athletic Resort
5/18/21
The Boulevard, a planned mixed-use development coming to San Jose’s West Valley, has been fully approved by the City of San Jose and is slated to get underway in the fourth quarter of 2021.
The project, a development of Cyp...
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• East Bay Multifamily Property Goes for $219k/Unit
5/12/21
Terrace Towers, a 41-unit apartment building in Hayward, was sold for $8.99 mil, or $219k per unit. The low-rise, three-story apartment complex is located at 23976 2nd St, east of Mission Blvd in Hayward Hills.
Originally bu...
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• Bay Area Industrial/Retail Building Goes for $9 Mil
5/11/21
A 44.1k sf, multi-tenant industrial and retail building in San Leandro sold for $9 mil ($204/sf). The facility, which sits atop 2.72 acres at 14664-14680 Washington Ave, was sold by Lighthouse for the Blind & Visually Impaire...
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• East Bay Industrial Vacancy Rate Up Slightly and Expected to Continue to Rise Due to New Construction
5/05/21
This report was provided by the East Bay office of real estate services firm Cushman & Wakefield
ECONOMY: Path to Recovery Comes Into Focus
The East Bay, consisting of Alameda and Contra Costa counties, recorded a decline ...
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• Phase 3 Real Estate Partners Inc and Bain Capital Real Estate Land $400 Mil for Construction of Bay Area Life Science Campus
5/04/21
Phase 3 Real Estate Partners Inc and Bain Capital Real Estate have obtained a $400+ mil construction loan for Genesis Marina, a to-be-built, waterfront Class A+ life science campus totaling approximately 570k sf in the Bay Ar...
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• East Bay Office Complex Inks Two Deals Totaling 40k sf
4/29/21
There have been two recent leases to report at The Towers Emeryville, an 816k sf, Class A office park owned by KBS Real Estate investment Trust III in the East Bay city of Emeryville. The transactions include a new 20.3k sf l...
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• Tishman Speyer Acquires 700k sf Silicon Valley Office Campus
4/19/21
Tishman Speyer acquired a four-building, 700k sf Class A office campus in Sunnyvale, within the city’s Moffett Park submarket, in a deal estimated to be worth $365 mil. The campus, located at 1395 Crossman Ave, currently serv...
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