| San Francisco Office Activity is Slowly Picking Up in 2021
This report was provided by Kidder Mathews Director of Research Gary Baragona
San Francisco office availability rose slightly in the first quarter to 26.9% across all class types. In particular, sublease ava...
| Bay Area Waterfront Project Lands $166 Mil in Financing
In a large Bay Area financing deal, NorthMarq has secured $166 mil in debt and joint venture equity for the development of The Launch, a 368-unit waterfront multifamily community in Alameda. The project represents the first j...
| Two-Building Bay Area Portfolio Purchased by Kennedy Wilson Fund VI for $32 Mil
Fremont Research Center, a two-building, 115.5k sf commercial portfolio in Fremont, was acquired by Kennedy Wilson Fund VI in a $32.3 mil transaction. The complex, located at 47200 Bayside Pkwy and 3500 W Warren Ave, is curre...
| Comstock Realty Partners and Dune Real Estate Partners Lock Up $52 Mil in Construction Money for San Francisco Redevelopment Project
A joint venture between affiliates of Comstock Realty Partners and Dune Real Estate Partners have obtained $52 mil in construction financing for The Maclac Building, a five-story, 108k sf PDR-zoned redevelopment project in Sa...
| Kylli Inc Lands $750 Mil in Financing on Its Burlingame Point Office Campus in the Bay Area
Kylli Inc has secured $750 mil in refinancing on its Burlingame Point office campus on the San Francisco Peninsula. The new, state-of-the-art campus is LEED Gold-certified property and consists of four Class A office/R&D/lif...
| Tidewater Capital Finishes New Moxy Hotel in Oakland
Tidewater Capital has completed work on Oakland’s first Moxy Hotel, a young-at-heart brand by Marriott International. The 172-room boutique hotel was developed utilizing the opportunity zone investment program. The project, w...
| Brookfield Property Partners Spends $630 Mil on Bay Area Office Asset
A Brookfield Property Partners affiliate purchased a two-building, 456.8k sf office asset in Mountain View in a $630 mil transaction. Built in 2017, the complex is leased to WeWork.
The property is located at 401 and 391 San...
| The Koll Company Spends $14.5 Mil on Bay Area Industrial Asset
The Koll Company acquired a 42.8k sf, single-tenant, NNN-leased industrial building in the San Francisco Bay Area community of Fremont. The asset was sold by BKM Capital Partners in an off-market transaction worth $14.5 mil (...
| Investor Pays $588/sf for NoCal Dialysis Clinic
A 1031 exchange investor purchased a newly constructed, 11.4k sf outpatient dialysis clinic in Watsonville, CA for $6.7 mil ($588/sf). The deal had a closing cap rate of 5.15%.
The outpatient clinic is located at 5 Nielson S...
| San Francisco Office of Avison Young Adds Veteran Tenant Rep Team
There have been some notable new hires at the San Francisco office of Avison Young. They include: Mark McGranahan, Marquard Anderson, Sean McCallum, Tim Hogan and Ross Robinson as Principals; Tyler Paratte and Jason Kreske as...
| Anton DevCo Buys Santa Cruz Development Site
Anton DevCo acquired a 1.44-acre development site in downtown Santa Cruz. The sale consisted of multiple parcels located at Laurel St and Pacific Ave. Anton DevCo recently commenced construction at the site on a new 205-unit ...
| Kilroy Realty Corporation Expected to Collect over $1 Bil from Sale of San Francisco Office Property
Kilroy Realty Corporation has signed a definitive agreement to sell The Exchange on 16th, a 750k sf office property located at 1800 Owens St in San Francisco’s Mission Bay neighborhood, for $1.08 bil, or approximately $1,440/...
| Recently Developed San Francisco Res Project Lands $104 Mil in New Financing
Panoramic Interests has locked up new financing of $104 mil on City Gardens, a recently developed, 200-unit multi-housing property located in San Francisco.
City Gardens consists of two-, four- and five-bedroom micro-units,...
| Oakland Office Building Trades in $400 Mil Deal
In a major Bay Area office trade, Mapletree Investments, out of Singapore, has purchased Uptown Station, a Class A, 397k sf office/retail building in Oakland. The 1920s-era property was sold by CIM Group in a transaction said...
| New Residential / Retail Project Approved by San Francisco Planning Commission for City’s Mission District
The San Francisco Planning Commission has approved 321 Florida, a residential and retail arts project at Florida and 16th Streets in the city’s Mission District. The project is being developed by a venture between DM Developm...
| BioScience Properties and Harrison Street Pay $40 Mil for Mountain View Building
A joint venture between BioScience Properties and Harrison Street purchased a 67k sf building in Mountain View for $40.75 mil ($608/sf). In light of strong demand for life science laboratory facilities, the buyer plans to imp...
| Signature Development Group Lands $130 Mil in Construction Money for Oakland Res Project
Signature Development Group has obtained $130 mil in construction financing for the development of Brooklyn Basin – Parcel G in Oakland. The project is fully entitled for 371 multifamily apartment homes and 31k sf of retail s...
| Black Creek Group Underway with Bay Area Distribution Project
Black Creek Group has broken ground on a new 481.5k sf industrial development in the city of Richmond. The distribution project, situated on a 34-acre site at 500 Pittsburg Ave, near the intersection of Pittsburg Ave and Rich...
| Hines Global Income Trust Spends $68 Mil on Silicon Valley Office/R&D Building
Hines Global Income Trust Inc has acquired a 129.2k sf, single-tenant office, research and development building in Santa Clara in a deal estimated to be worth $68 mil, or around $525/sf. The building is located at 5301 Patric...
| Duke Realty Moving Forward on Multiple NoCal Industrial Projects
The NoCal office of Duke Realty acquired two recently upgraded industrial facilities in Oakland, 17.4 acres of land in San Jose and 7.9 acres of land in Richmond with plans to redevelop the two sites. The company also plans t...