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September 19, 2020
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BAY AREA NEWS
Archive
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• New Medical Office Building in San Francisco Gets Underway
12/05/08
Construction is currently underway on the new Mount Zion Medical Office Building, a 48k sf, five-story building at 1535 Divisadero St, a block north of Geary Blvd in the Western Addition section of San Francisco. Funded by la...
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• Intercontinental Real Estate Closes $68 Mil Silicon Valley Buy
12/04/08
In a sizable NoCal industrial buy, Boston-based Intercontinental Real Estate Corporation acquired a 796.3k sf Silicon Valley property portfolio for $67.9 mil ($85/sf). The acquisition is comprised of three projects containing...
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• Major Renovation Brings New Life and New Tenants to Monterey Retail Center
12/03/08
A two-year renovation and remerchandising effort at Del Monte Shopping Center, the largest retail center on California’s Monterey Peninsula, culminated in a grand re-opening celebration last month that showcased the 80k sf of...
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• Oakland’s 1111 Broadway Wins BOMA Office Building of the Year Award
12/01/08
1111 Broadway in Oakland City Center has been honored by the Building Owners and Management Association (BOMA) as an Office Building of the Year for 2008. The award recognizes excellence in office building management and oper...
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• Colliers Opens New Office in Redwood City
11/26/08
Looking to more efficiently manage its resources in the Bay Area, Colliers International has opened a new office on the San Francisco Peninsula, having leased 6.3k sf of space at 203 Redwood Shores Pkwy in Redwood City. The ...
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• New Boutique Hotel Development to Get Underway in NoCal Wine Country
11/24/08
The folks who created the popular Hotel Healdsburg have unveiled another exciting hospitality development nearby, just off the historic town plaza in Healdsburg, CA, a bucolic wine country town situated about an hour’s drive ...
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• Apartment Investor Acquires a Touch of Hawaii in Mil Foster City Buy
11/21/08
A 42-unit multi-family community in Foster City traded hands in a recent deal that came close to the property’s $10.9 mil ($260k/unit) listing price. The 37.6k sf property, Kula Kai, is located at 808 Comet Dr, east of the 10...
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• McDermott Will & Emery Inks New Lease for 85k sf in Menlo Park
11/20/08
In a notable Silicon Valley office lease, the firm of McDermott Will & Emery LLP signed a 10-year deal to occupy 84.7k sf office space recently held by Heller Ehrman LLP at 275 Middlefield Rd in Menlo Park, midway between El ...
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• Equity Office Closes Trio of Leases at Its Redwood Shores Properties
11/18/08
Equity Office recently inked deals with three new tenants at two of its properties in Redwood Shores. At 333 Twin Dolphin Dr, the law firm King & Spalding agreed to a lease for 27.8k sf and the law firm Covington & Burling L...
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• Embarcadero Capital Partners to Lead Church Revival in Palo Alto
11/17/08
An historic Palo Alto church building traded hands for the first time since its construction in 1916. The 10.9k sf property, located at 661 Bryant St, a few blocks north of El Camino Real and the Stanford University campus, w...
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• Financial Crisis Slowing San Francisco Office Market
11/13/08
It’s become evident that San Francisco’s office market will not escape the current economic downturn unscathed, as the financial crisis is clearly having repercussions on the City by the Bay, according to the San Francisco St...
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• CMR Mortgage Fund Sells Pair of NoCal Apartment Properties
11/12/08
San Francisco-based Arroyo & Coates is a regional real estate services firm that specializes in multifamily investments deals, primarily in Northern California. A couple of their more recent transactions took place in Fresno ...
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• Basin Street Completes 116-Room Hotel in Sonoma County
11/11/08
Work on a new hotel in NoCal’s wine country has just been completed. The 116-room Hampton Inn & Suites is in the town of Windsor, located in the heart of Sonoma County and adjacent to the Russian River Valley, Dry Creek Valle...
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• San Francisco Apartment Market Remains Solid
11/07/08
Apartment fundamentals in San Francisco continue to maintain solid performance, despite a slowdown in local economic conditions, according to a third-quarter Apartment Research Report by Marcus & Millichap. Even with home pri...
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• Terranomics Handles Bay Area Retail Deals
11/06/08
Here’s a rundown of some of the latest Bay Area retail deals handled by Terranomics, the retail brokerage division of regional commercial real estate services firm NAI BT Commercial. We’ll kick off this report in San Jose, wh...
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• Santa Rosa Multifamily Property Sells for $23 Mil
11/05/08
Vineyard Gardens Apartments, a 180-unit multifamily property in the Marin County city of Santa Rosa, traded hands in a recent sale worth $23 mil, or $128k/unit. It is located at 220-240 Burt St, east of the 101 Fwy and south ...
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• CBRE Arranges $11 Mil in Construction Money for NoCal Development
11/04/08
CBRE Capital Markets Debt & Equity Finance Group has arranged $10.85 mil in construction and permanent financing for construction of a 20.8k sf medical office building at 49 Wells Ave, west of the 101 Fwy and north of Page Mi...
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• NoCal Deal Review
10/30/08
FREMONT (Alameda County) – An investment entity called Levy Fremont Boulevard I & II LLC purchased a 181.6k sf business campus on 11.91 acres at 48401-48481 Fremont Blvd. the property was acquired from ESS Technologies, which...
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• Opus Scores With New Lease at Sierra Point
10/24/08
In a recent South San Francisco office lease, comScore Inc agreed to a 10-year deal for 16.7k sf of space at Opus Center Sierra Point, located at 4000 Shoreline Ct, east of the Bayshore Blvd and the 101 Fwy, fronting the San ...
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• MMCC Arranges $15 Mil Refi on Silicon Valley Multifamily Property
10/21/08
Here’s an example of a recent refi deal on a Silicon Valley apartment property, as Marcus & Millichap Capital Corporation (MMCC) arranged a $15.4 mil fixed-rate loan to refinance the 130-unit Landmark Apartments property, a 1...
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