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July 25, 2021
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BAY AREA NEWS
Archive
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• Draftsmen & Craftsmen
11/27/19
Westlake Urban and architectural firm AO have begun the stacking of Westlake’s first modular project, the San Jose Hilton Garden Inn. Located at 101 East Gish Rd, the 150-room project is comprised of 88 modular units built of...
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• Trion Properties Adds 84-Unit Bay Area Multifamily Asset to Its Apartment Portfolio
11/21/19
Trion Properties has expanded its Bay Area portfolio with the acquisition of The Meadows, an 84-unit multifamily community located in Newark, for $27.5 mil ($327k/unit). The Meadows, located at 35750 Bettencourt St, features ...
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• 857-Acre Land Parcel in Napa Valley Hits the Market
11/13/19
Napa Soda Springs, one of the largest continuous parcels of land in California’s Napa Valley, is available for sale for the first time in more than 40 years. The 857-acre property was once home to the preeminent Napa Soda Spr...
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• Urban Land Development and Urban Land Capital Spend $94 Mil on Office/Retail Building in San Francisco’s Union Square
11/06/19
A joint venture between Urban Land Development and Urban Land Capital has acquired 150 Post Street, a 177.4k sf office and retail building in San Francisco’s Union Square neighborhood, in a deal reported to be worth $94 mil, ...
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• Kennedy Wilson Acquire s 406k sf Bay Area Office Campus in $115 Mil Transaction
11/04/19
Kennedy Wilson has acquired Hamilton Landing, an institutional quality, 406k sf office campus with seven buildings across 20 acres in Marin County, for $115 mil ($283/sf). The company invested $55 mil of equity and assumed a...
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• Work Started on Verizon Tech Hub in San Jose
11/01/19
Verizon and Hunter Storm have broken ground on Verizon’s new 640k sf technology hub at Coleman Highline—a massive, mixed-use, transit-oriented development in San Jose. The Verizon tech hub will support more than 3,000 employe...
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• Z&L Properties Obtains $330 Mil in Financing for Downtown San Jose Condo Project
10/30/19
Z&L Properties Inc has secured $330 mil in financing for the development of 188 West St. James, a two-tower, 640-unit luxury condominium project located in downtown San Jose. The project is currently under construction on a 1...
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• Historic San Francisco Office Building Refinanced with $350 Mil Loan
10/29/19
Kylli, Inc has obtained a $350 mil refi loan on 225 Bush Street, a historic, Class A office building totaling 580k sf in the heart of San Francisco’s Financial District. The fixed-rate loan was funded by Deutsche Bank and arr...
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• Construction Tops Off on Bay Area Mixed-Use Development
10/28/19
Construction on Station 1300, a new three-story, transit-oriented development in downtown Menlo Park, just topped off in September with placement of the final beam. The mixed-use project is a development of Greenheart Land C...
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• Score One for Chase Center
10/23/19
By Brian Libby This year, the NBA’s Golden State Warriors are playing their first season in San Francisco after departing their longtime home, Oracle Arena in Oakland, for the new Chase Center. Part of a $1.4 bil developmen...
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• Sares Regis Group of Northern California Acquires Land for South San Francisco Multifamily Development
10/23/19
San Mateo-based Sares Regis Group of Northern California (SRGNC) has closed escrow on five parcels of land in South San Francisco adjacent to the new Cadence luxury apartment community for an upcoming second phase of the proj...
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• Roku Boosts Its Presence in San Jose with New Lease for 162k sf of Space
10/15/19
Roku Inc recently increased its San Jose footprint, taking over the 162.6k sf space in Building 1 of Coleman Highline, previously leased to 8x8, Inc. With this deal, Roku’s total square footage in the project is now 716.3k s...
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• Stockbridge Pays Over $100 Mil for Luxury Res Complex in San Jose
10/14/19
LINQ, a 230-unit, transit-oriented luxury apartment community in San Jose, traded to a new owner in a $103.8 mil transaction, valuing the property at $451k/unit. The buyer was Stockbridge, on behalf of the firm’s Value Fund I...
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• Office High-Rise Set to Break Ground in Uptown Oakland Next Year
10/11/19
Telegraph Tower, a fully-entitled, next generation office development in the heart of the Oakland’s Uptown neighborhood, is slated to break ground in mid-2020. The project, a development of TMG Partners, is located at 2200 Te...
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• Trion Properties Adds 89 Units to Its Bay Area Res Portfolio
10/04/19
Trion Properties has acquired Villa Morada Apartments, an 89-unit multifamily community in the Bay Area city of Hayward, for $25 mil, or $281k/unit. The property, located at 1180-1182 East St, was sold by Klingbeil Capital Ma...
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• Bay Area Multifamily Asset Fetches $530k/Unit
10/03/19
Woodside North, a fully renovated 22-unit multifamily community in Redwood City, has sold in an $11.7 mil ($532k/unit) transaction. Built in 1961, the property is located at 1551 Regent St, just west of Woodside Rd. The apar...
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• New Standard Equities Spends $60 Mil on 170 Res Units in the Bay Area
9/30/19
New Standard Equities has acquired a 170-unit multifamily property in Fremont for $60 mil, or about $353k/unit. The deal closed at a 4.41% cap rate on in-place income. The garden-style community is situated on one parcel at ...
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• Bridgeton Holdings Buys 85k sf Class A Office Building in San Francisco
9/23/19
Bridgeton Holdings has acquired 747 Front Street, a four-story, 85.5k sf Class A office building in San Francisco’s Jackson Square district. The purchase was financed with a $55 mil loan. The property is currently 100% lease...
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• Hear Leading Industry Pros Discuss Oakland and the East Bay at RENTV's 4th Annual State of the Market Conference
9/17/19
Sign up for RENTV's 4th Annual Oakland / East Bay State of the Market Conference on October 3rd and hear many of the leading commercial real estate pros in the region discuss the latest office, industrial, retail and multifam...
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• Google-Occupied Property in Silicon Valley Sells for $190 Mil
9/17/19
Preylock Real Estate Holdings has acquired a four-story, 151k sf office building fully occupied by Google in Mountain View. The asset, located at 620 National Ave, adjacent to the 101 Fwy at Whisman Rd, traded for about $190 ...
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