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October 13, 2019
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• Condos at New Luxury Res Project in San Bruno Sells Out in Four Months
Upscale residential condos at Sares Regis Group of Northern California (SRGNC) new development in the Bay Area city of Mountain View, 1101 West, have sold out less than four months after hitting the market. Located at 1101 We...
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• South San Francisco Life Sciences Campus Refinanced with Two Loans Totaling $385 Mil
Phase 3 Real Estate Partners Inc has obtained refinancing totaling $384.9 mil on its Genesis North and South Towers, two office and life science buildings totaling 717.9k sf in South San Francisco. Genesis North and South T...
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• Work Gets Started on 171-Unit TOD Res Development in Livermore
JEMCOR Development Partners has broken ground on Ageno Apartments, a 171-unit, mixed-income, transit-oriented development located at South Vasco Rd and Brisa St in Livermore. Ageno Apartments marks the final construction phas...
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• WeWork Leases Entire 251k sf Building in San Francisco
WeWork has inked an 18-year lease to occupy the entire 20-story, 251.7k sf building at 430 California Street in San Francisco. The lease value was not disclosed. WeWork will be the sole tenant in the landmark office tower th...
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• Hayward Distribution Facility Trades in Transaction Worth around $93 Mil
Hayward 92 Industrial Center, a 237k sf, LEED-certified distribution property in the East Bay city of Hayward, was purchased by an international institutional asset management company in a transaction worth $395/sf, which wor...
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• CIM Group Starts Work on Multifamily Development in Oakland’s Jack London Square
CIM Group has begun construction of an eight-story, residential development featuring 333 apartments and ground floor retail at 40 Harrison St at Jack London Square, a 12-acre entertainment and business destination on Oakland...
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• Alameda Point Partners to Move Forward with Waterfront Development at Alameda Point
The first phase of the 68-acre Site A parcel at Alameda Point was transferred from the City of Alameda to Alameda Point Partners (APP), the City’s private partner for the project. Alameda Point Partners is a joint venture bet...
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• Warehouse Building in South San Francisco Trades for $239/sf
A partnership between PCCP LLC and Lift Partners has purchased a 117.5k sf warehouse building in South San Francisco for $28.05 mil ($239/sf). The property, which is situated adjacent to Hwy 101, was sold by the former owner-...
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• Walnut Creek Office Complex Sells for about $500/sf
Rockwood has acquired Growers Square, a 195.4k sf, Class A office complex in the East Bay city of Walnut Creek. According to industry sources, the three-building campus sold for about $98 mil, or around $500/sf. Located at ...
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• Berry, Appleman & Leiden LLP Leases 20k sf of Class A Office Space in Walnut Creek
Global law firm Berry, Appleman & Leiden LLP (BAL) Leased 20.3k sf of office space at 100 Pringle Ave in Walnut Creek. Terms of the lease were not disclosed. More than doubling its office capacity, the tenant relocated from ...
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• SummerHill Apartment Communities Gets Green Light from South San Francisco City Council for New Project
A planned mixed-use community in South San Francisco developed by SummerHill Apartment Communities has received unanimous approval by the City Council. The new development is located on a 1.67-acre site at 988 El Camino Real,...
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• San Leandro Multifamily Asset Sold for $182k/Unit
Manchester Apartments, a 44-unit apartment community in unincorporated San Leandro, was acquired by TRC Manchester LP, a private investment group, in an $8 mil ($182k/unit) deal. The property, located at 1919 Manchester Rd, f...
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• Meridian Completes MOB Poject in the East Bay
In development news out of the East Bay, Meridian has completed work on a 10k sf, single-tenant medical office building in Castro Valley. The Alameda County development is located 0.69 acres at 20359 Lake Chabot Rd, north of ...
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• Office Complex in the East Bay Trades for $10 Mil
Oak Hill West, a four-building, 46.9k sf office complex in the East Bay city of Lafayette, sold for $10 mil, or about $210/sf. The property is located at 3736 – 3746 Mt. Diablo Blvd, just off Hwy 24. The property is situated...
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• Runyon Group Secures $38 Mil in Construction Money to Start Work on Third Phase of PLATFORM in Culver City
Los Angeles-based Runyon Group has obtained $38 mil in construction money for development of the third phase of PLATFORM, a 66k sf, mixed-used development in downtown Culver City. The 54-month financing was arranged by Quantu...
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• Torani Inc Takes 327k sf at New Bay Area Biz Park
In recent industrial activity from the Bay Area, Torani Inc signed a 15-year, $65 mil lease for 327k sf of space in San Leandro. The firm is relocating its corporate headquarters and manufacturing facilities from South San Fr...
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• Decron Properties Group Acquires 220 Res Units in the Bay Area
Decron Properties Corp acquired Bridgecourt, a 220-unit multifamily apartment complex with ground floor retail in Emeryville, CA, in a deal valued at $87.4 mil, or about $397k/unit. The seller was a joint venture between The ...
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• Private Investor Buys 35k sf Bay Area Retail Property
Windsor Square, a 35k sf shopping center located in the Washington Manor neighborhood of San Leandro was acquired by an unnamed private investor. Located at 1960 Lewelling Blvd, Windsor Square is a fully leased retail center...
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• Private Investors Trade Two Multifamily Properties in San Mateo County for $27 Mil
An unnamed private investor paid $27.1 mil for a two-property legacy multifamily portfolio totaling 54 units ($502k/unit) in San Mateo County. The two communities, Belview Heights and Casa Belview, are located at 1015 and 1...
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• Borelli Investment Company and CBRE are Marketing a Build-to-Suit Office Project in Silicon Valley
Borelli Investment Company has enlisted CBRE to assist in the marketing of Bay 101 Technology Place, a build-to-suit office tower in Silicon Valley. The nine-story, high-rise project, located at 1740 North First Street in Nor...
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