| Downtown Danville Retail Building Acquired for New Restaurant
Darren Matte, the owner of the acclaimed Per Diem in San Francisco and Harvest restaurant in Danville, has purchased a well located, high identity retail/restaurant property in downtown Danville, for $2.45 mil in an off-marke...
| Miramar Capital Buys 50k sf Silicon Valley Office Property
Miramar Capital has acquired 700 East El Camino Real, a three-story, 49.6k sf Class A office property in Mountain View. The property was sold by TA Realty.
Built in 1985 and situated on just over two acres, 700 East El Camin...
| Michael Taquino and Kyle Kovac Join CBRE
Michael Taquino and Kyle Kovac have joined CBRE Group Inc as Executive Vice Presidents of Capital Markets in the firm’s downtown San Francisco office. The duo joins CBRE after a six-year stint at Newmark Knight Frank where th...
| San Francisco Giants Team Up with Tishman Speyer for San Francisco Waterfront Development
The San Francisco Giants have selected Tishman Speyer as its joint venture partner to develop the waterfront Mission Rock mixed-use neighborhood near AT&T Park. Mission Rock is a public-private partnership with the Port of S...
| Oakland Dialysis Clinic Trades Hands for $1,230/sf
A Fremont-based investment entity has acquired a 12.8k sf dialysis clinic in Oakland in a $15.7 mil ($1,230/sf) transaction. The property was sold by Meridian in a deal that closed at a cap rate of 5.1%.
The outpatient dialy...
| Commercial Real Estate Financing Briefs
CAPITAL ONE -- Capital One has provided a $178.3 mil Fannie Mae loan to refinance Anton Menlo, a 394-unit multifamily property in Menlo Park. Anton Menlo is a four-story complex situated on a 9.69-acre site. On-site amenities...
| Two Silicon Valley Sales Total $11 Mil
We’ve got two recent commercial property sales in Silicon Valley to report. The transactions, one for a multifamily community in Santa Clara and the other for a stand-alone industrial warehouse in San Jose, totaled $11 mil.
| Northwestern Mutual Life Insurance and McCarthy Cook Buy Office Campus in Mountain View
In a recent Silicon Valley office buy, Northwestern Mutual Life Insurance and McCarthy Cook have purchased Castro Station, a three-building, Class A office campus totaling 114.8k sf in downtown Mountain View. The asset was so...
| Commercial Real Estate Financing Briefs
JLL CAPITAL MARKETS -- Zane Sweet, Chris Casey, and Reid McGlamery with JLL Capital Markets arranged a $48 mil financing package through global investment manager Man Group to recapitalize a portfolio of approximately 300 sin...
| Local Investor Pays $268k/Unit for Multifamily Asset in Concord
Civic Center Apartments, a 28-unit multifamily property in the highly sought-after downtown area of Concord, sold for $7.5 mil ($268k/unit). The asset was acquired by a local buyer, PTLA Real Estate Group.
Located at 1870 an...
| Broadreach Capital Partners and Rockwood Capital Start Work on $250 Mil Mixed-User in Mountain View
Broadreach Capital Partners and partner Rockwood Capital have broken ground on the Ameswell Mountain View, a $250 mil, mixed-use development comprising a 220k sf, Class A office building and 255-room modern luxury hotel locat...
| Silicon Valley Multifamily Project Lands $121 Mil in Development Money
In a large multifamily financing deal out of Silicon Valley, Anton DevCo has obtained a $121.7 mil participating mortgage for the development of Anton Milpitas 730, a 266-unit, Class A multi-housing community with 1.8k sf of ...
| SummerHill Homes Pays $13 Mil/Acre for Mountain View Dev Site
SummerHill Homes paid $22.5 mil for a 1.72-acre land parcel in Mountain View. The land parcel is located near the intersection of West Middlefield Rd and Rengstorff Ave in Mountain View, in close proximity to the Google headq...
| NoCal Shopping Center Trades in $15 Mil Deal
Scotts Village, a 121.3k sf, neighborhood shopping center in Scotts Valley, CA sold for $15.35 mil, or $126.50/sf. The property is located at 227 – 259 Mt. Hermon Rd, west of Hwy 17 and about six miles north of downtown Santa...
| Lincoln Property Company and Rockwood Capital Spend $38 Mil on San Francisco Office Asset
Lincoln Property Company has teamed up with Rockwood Capital LLC in the purchase of an historic, 45k sf office building in San Francisco. The nine-story building, located at 332 Pine St, was sold for approximately $38 mil ($8...
| Hudson Pacific Properties Collects $210 Mil from Sale of Six Buildings in San Mateo
Hudson Pacific Properties Inc has sold the remaining six buildings of Peninsula Office Park in San Mateo for $210 mil before credits, prorations and closing costs. Net proceeds from the sale were used to repay amounts outstan...
| Seven NoCal SVN Offices Team Up Under One Label
Seven of SVN International Corp’s Northern California offices have joined together to form SVN NORCAL, offering collaborative services, tools and expertise under one brand. SVN International Corp (SVN) is a full-service comm...
| KKR Buys 320k sf Office Tower in Oakland
KKR has purchased 1330 Broadway, a 320k sf office building in Downtown Oakland. KKR is making the investment through its Real Estate Partners Americas Fund II.
According to industry sources, the property traded for around $...
| San Jose Mixed-Use Campus Sells in $284 Mil Transaction
In one of the largest commercial real estate sales so far this year in Silicon Valley, San Francisco-based Jay Paul has purchased Cityview Plaza, an 11-acre, 579.5k sf mixed-use project in downtown San Jose, for $283.5 mil. T...
| San Jose Office/R&D Campus Trades Hands
PSAI Realty Partners purchased Gold Street Technology Center, a 302.6k sf, office/R&D campus in San Jose. The property encompasses five separate, two-story steel-frame buildings at 2100, 2130, 2150, 2160, and 2190 Gold St, we...