| Bridge Housing Secures $16 Mil in Financing for Bay Area Affordable Housing Development
Bridge Housing has locked in a $15.96 mil forward commitment for the permanent financing of Bay Meadows Apartments, a 68-unit affordable housing community located in San Mateo. The property will be developed using 9% Low-Inco...
| WeWork Takes Five Floors in 110-Year-Old San Francisco Building
WeWork has agreed to a 10-year, $10 mil lease for five full floors totaling 12k sf ($6.94/sf/mo) of space at the historic Whitell Building in San Francisco. The 50k sf office tower is located at 166 Geary St, overlooking Unio...
| PCCP Provides $14.7 Mil in Preferred Equity for Silicon Valley Res Development
Bay West Development and Lane Partners have teamed up with PCCP LLC, who will provide $14.7 mil of preferred equity for the development of a 75-unit, Class A, multifamily community located at 311 S. Mathilda Ave in Sunnyvale....
| Reliant Group Management Spends $116 Mil on Bay Area Res Portfolio
San Francisco based Reliant Group Management has acquired a multifamily portfolio consisting of seven properties in six Bay Area cities, for $116 mil. The purchase totals 603 apartment units ($192.4k/unit) with a combined 478...
| Invesco Real Estate and TMG Partners Buy 118k sf Creative Office Building in San Francisco’s Jackson Square
Invesco Real Estate and TMG Partners acquired 600 Battery Street, a Class A, 118k sf creative office building in San Francisco’s Jackson Square submarket. Orignally constructed in 1938, the building was fully renovated in 200...
| Santa Clara Office Project Funded with $92 Mil in Construction Money
Bayview Development Group has secured $91.7 mil in financing for the development of Lawrence Station, a five-story, Class A spec office project in Santa Clara. The construction loan was arranged by HFF and funded through Broa...
| Vacant Building in San Jose’s Golden Triangle Sells for $280/sf
A vacant, 67.7k sf R&D/flex office building in San Jose sold for $19 mil ($280/sf). Located in the city’s famous Golden Triangle area, the property sits on a 4.6-acre site at 3775 1st St.
The immediate area is home to most o...
| Embarcadero Capital Partners Acquires 108k sf, Value-Add Building in North San Jose
Embarcadero Capital Partners picked up a 108.4k sf office/R&D building in North San Jose in a deal that closed in December of 2018. The two-story, steel-framed building sits on 5.2 acres at 2125 O’Nel Dr, adjacent to Hwy 101 ...
| Downtown Sunnyvale Res Project Financed with $40.7 Mil in Construction Money
Lane Partners and Bay West Development are preparing to start work on 311 Mathilda Street, a 75-unit residential project in downtown Sunnyvale, after securing a $40.7 mil in financing. The developers have obtained entitlement...
| Silicon Valley Office Campus Trades Hands
Orchard Corporate Center, a newly constructed, 101.4k sf Class A office/R&D campus in North San Jose, was purchased by a private investor. Constructed in 2018, the one- and two-story office/R&D buildings are situated on 5.3 a...
| Walnut Creek Res Project Moves Forward with $60 Mil in Construction Money
Florida-based Rescore Property Corp has obtained construction financing in the amount of $59.6 mil for the development of the Rise Walnut Creek apartments in the East Bay city of Walnut Creek. Rescore is a private REIT founde...
| Hines Acquires 431k sf Biz Campus in Sunnyvale
Hines has acquired Oakmead West, a seven-building, multi-tenant campus in Sunnyvale. The price was not disclosed.
Completed in 1998, the seven Class A office/R&D buildings total 431k sf and are situated on 21.62 acres at 92...
| Oakland Live/Work Project Funded with $32 Mil in Construction Money
Parkview Financial has provided a $32 mil construction loan to oWow for the development of a four-story, 102-unit 91.2k sf live/work affordable rental project in Oakland. oWow is an Oakland-based company committed to building...
| Berliner Cohen LLP One of Recent Signings at San Jose Office Tower
There has been 33.8k sf of recent lease signings at Ten Almaden, a 17-story, 309.2k sf Class A office tower in San Jose. These include, one of the largest and oldest law firms in San Jose, serving the business and regulatory ...
| San Francisco Office Building Set to Trade in $86 Mil Deal
Clarion Partners, out of NY, has agreed to buy a 76.5k sf office building in San Francisco in a deal said to be worth around $86 mil ($1,130/sf), according to industry sources. It is being sold by Zurich Alternative Asset Man...
| Highbridge Equity Partners Closes $48 Mil Oakland Office Buy
Highbridge Equity Partners closed on a very newsworthy office acquisition in Oakland, paying $48 mil for Tribune Tower, a 22-story tower totaling 95.4k sf ($503/sf) of space ion the city’s downtown. The property was sold by H...
| Santa Rosa Office/Industrial Property Sells for $7.2 Mil
McNeill Real Estate Services purchased a 65.5k sf office/industrial building in Santa Rosa for $7.2 mil, or $110/sf. The two-story concrete-tilt building is located at 6085 State Farm Drive.
Constructed in 1996, the bulding ...
| San Jose Office Building Gets New Owner in $63.4 Mil Transaction
In an institutional office acquisition out of Silicon Valley, a joint venture between CIGNA Investment Management and The Muller Company purchased Century Plaza, a 103.6k sf, six-story office building in San Jose, for $63.4 m...
| Big Tech Boosts East Bay/Oakland Office Activity in Q4 2018
This report was provided by real estate services firm Cushman & Wakefield
The East Bay/Oakland office market received a big boost from “big tech” in the fourth quarter of 2018, according to Cushman & Wakefield’s recent Q4 20...
| Two Bay Area Apartment Sales Total $20 Mil
We have comp info on two recent Bay Area two multifamily property sales totaling $19.88 mil. The deals, which include a 33-unit apartment community in Redwood City and a 25-unit apartment community in Mountain View, were both...