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Westcore Spends $23 Mil on Central CA Distribution Facility 8/30/11 Westcore Properties keeps rolling along with yet another significant industrial acquisition. In their latest deal, the San Diego-based real estate firm purchased Stockton Center Pointe, a 508k sf, Class A warehouse/distributi...
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CBRE Team Named to Market NoCal Grocery-Anchored Retail Center 8/29/11 A CBRE marketing team of Don LeBuhn, David Noravian and Heath Kastner has been retained as the marketing advisor for Rossmoor Shopping Center, a 107.6k sf grocery-anchored community center located in the highly affluent East ...
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BPM Leases 20k sf of Walnut Creek Office Space 8/26/11 Burr Pilger Mayer (BPM), one of the largest West Coast-based accounting and consulting firms, signed a lease for almost 20k sf of office space at 2001 North Main Street (commonly known as 3 Ygnacio Center) in Walnut Creek, al...
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SF Peninsula Multifamily Asset Sells for Over $11 Mil 8/25/11 Pacific View Apartments, a 61-unit multifamily community located in the coastal San Mateo County city of Pacifica, was acquired by a single-asset entity controlled by a private Bay Area partnership. Located at 335 Talbot Ave,...
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Iconic San Francisco Office Building Sells for Over $600/sf 8/24/11 One Montgomery Street, an iconic, 76k sf office building in San Francisco’s Financial District, was purchased for $48 mil ($632/sf) by a New York City-based investment group. The structure, which fronts Montgomery and Post St...
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Chandler Properties Purchases 15-Unit Oakland Apartment Building 8/24/11 The Alexandria, a 15-unit apartment community located at 1906 Jackson St in Oakland, sold for just over $2 mil ($133/unit). Built in 1923, The Alexandria features six studio and nine one-bedroom units, most of which feature v...
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Santa Clara Office Buildings to Undergo Dramatic Re-Do 8/23/11 Two adjacent Santa Clara office buildings are about to undergo a dramatic redevelopment that includes adjoining the buildings with a dramatic, two-story glass pavilion and creating a striking exterior courtyard lounge area fo...
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East Bay Property Owner Gets Rich 8/18/11 In recent NoCal deal news, a local investor paid $11 mil for Mi Pueblo Foods grocery store (formerly an Albertson's), a 50k sf ($220/sf) building located at 2400 Railroad Ave in Pittsburg, in Contra Costa County. The property...
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Google Leases 700k sf Sunnyvale Campus 8/16/11 Tech giant Google Inc signed off on a long-term lease for 715.5k sf of office space at Jay Paul Company’s Technology Corners campus in Sunnyvale. Located at 803-811 11th Ave, the four-building Technology Corners campus is adj...
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2Q2011 Grubb & Ellis Office Report for San Francisco and the SF Peninsula 8/15/11 The following 2nd quarter summary and report for the office market in San Francisco and the peninsula has been provided by Grubb & Ellis.
REGIONAL ANALYSIS AND FORECAST
The San Francisco region office market continued to ...
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LBA Realty Closes 200k sf NoCal R&D Buy 8/11/11 LBA Realty recently closed on a NoCal R&D investment buy, having acquired a 208.6k sf facility at 2701 Orchard Pkwy, just west of the intersection of N. 1st St and Trimble Rd in North San Jose. The property sits on 18.5 acres...
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Bay Area Activity Update 8/10/11 FREMONT (Alameda County) -- Nova Solar Technologies Inc signed off on a long-term lease of a 64.6k sf R&D/flex building in the East Bay city of Fremont. The property is located at 48664 Milmont Dr, north of Scott Creek Rd bet...
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Mesa West Capital Provides $122.4 Mil in Two Financings 8/09/11 In two separate financings, Mesa West Capital has funded loans totaling $122.4 mil for the recapitalization of a West Coast office portfolio and the acquisition of a vacant office campus in Silicon Valley.
Legacy Fund II, a ...
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Investor Picks Up 148-Room San Jose Hotel Asset 8/08/11 An unnamed buyer purchased La Quinta Inn Hotel, a 148-room hotel property located at 2585 Seaboard Ave, near the Mineta San Jose International Airport in San Jose. The price was not disclosed.
The two-story, interior corrid...
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Second Quarter 2011 Industrial Market Report by CBRE for SF Peninsula 8/05/11 Industrial market experienced significant positive absorption in the second quarter of 2011, totaling just over 1 MSF. Vacancy saw its largest single quarter decline since the first quarter of 2004, falling by 170 basis poin...
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Major Renovation Set to Begin at San Francisco Office Tower 8/04/11 TIAA-CREF is set to begin a multi-million dollar renovation of Fifty Fremont and The Plaza at Fifty Fremont, a 42-story Class A office tower and its outdoor plaza in San Francisco’s Financial District. The property, which off...
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Second Quarter 2011 Office Market Report by CBRE for SF Peninsula 8/03/11 The following Second Quarter 2011 Report for the San Francisco Peninsula office market was provided to RENTV by the CB Richard Ellis San Francisco office:
After experiencing a historically high amount of positive absorption ...
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East Bay Office/Industrial Building Trades Hands 8/03/11 In a recent East Bay sales transaction, BNC Holdings Group LLC, dba Quick Mount PV, a leading manufacturer of waterproof mounting systems for rooftop solar systems, completed its acquisition of 2700 Mitchell Dr in Walnut Cree...
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Johnson Capital Arranges $50 Mil on San Francisco Multifamily Complex 8/02/11 Johnson Capital recently arranged $50 mil in financing on the South Beach Marina Apartments, a premier multifamily complex located in Downtown San Francisco that is owned by a pension fund. The transaction was arranged by Bre...
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San Francisco Co-Op Apartment Project Re-Opens after Three-Year Renovation 7/27/11 The Martin Luther King - Marcus Garvey Square Cooperative Apartments in San Francisco’s Fillmore District has just re-opened to the public after an extensive three-year renovation. The project was a partnership between Relate...
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