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December 4, 2020
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BAY AREA NEWS
Archive
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• Old San Francisco Office Property Gets New Money
5/30/08
Holliday Fenoglio Fowler L.P. (HFF) arranged a $43.37 mil bridge loan for the Rialto Building, a 140k sf historic office building located at 116 New Montgomery St in the south financial district submarket of San Francisco. Th...
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• US to Get Its Veteran Affairs in Order with New Santa Rosa Facility
5/27/08
The U.S. Department of Veterans Affairs has agreed to a 20-year lease for a new build-to-suit community-based outpatient clinic at 3841 Brickway Blvd, with Basin Street Properties’ Harvest Business Center, west of the 101 Fwy...
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• Oakland City Center Reaches 95% Leased
5/22/08
Here’s the scoop on the latest signings at Oakland City Center, Shorenstein’s 3.5 msf office campus in downtown Oakland that also includes 18 restaurants and food outlets, more than a dozen retail shops and services, a comple...
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• New Mixed-Use Project to Energize Revitalization of Downtown Emeryville
5/20/08
The recent completion of an exciting, transit-oriented mixed-use project is the latest step in Emeryville’s ongoing efforts in revitalizing its downtown area. Called Avenue 64, the development was designed by MVE & Partners f...
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• Sares Regis Group Picks Up 475k sf East Bay Biz Park
5/13/08
Point Pinole Business Park, a 475k sf industrial park in the East Bay city of Richmond, was recently acquired by San Mateo-based Sares Regis Group of Northern California for just over $50 mil. The purchase consists of three w...
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• NoCal Pro Moves
5/12/08
Michael E. Hines: Michael E. Hines has joined GE Real Estate as Senior Director, North America Lending division. Hines will be based in the firm’s San Francisco office and will cover Northern California and the Pacific Northw...
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• Santa Clara Office Property Sells for $36 Mil
5/08/08
A two-story, 118.4k sf office complex known as Coronado One in Santa Clara was bought by Bixby Land for $36.4 mil ($307/sf). The two-story buildings are situated on more than six acres of land at 3111 and 3141 Coronado Dr and...
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• This Petaluma Redevelopment Opportunity Could be Smooth as Silk
5/07/08
The Silk Mill, a unique historic structure in the city of Petaluma, has been put on the market. Located at 450 Jefferson St, the 39.3k sf building was originally constructed in 1892 and staked its claim as the only silk mill ...
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• San Francisco Apartment Complex Achieves Price Tag of Almost $600k/Unit
5/06/08
A 193-unit upscale apartment community in San Francisco’s Mission Bay area traded hands in a $115 mil transaction that works out to a price of $596k/unit. The property, the Edgewater Luxury Apartments, is located on a 157.1k ...
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• For Catellus, Charity Begins in Fremont
5/05/08
Catellus Development Group, the giant landowner/development company that was acquired by ProLogis a few years back, has donated 440 acres of enhanced vernal wetlands habitat in NoCal to the U.S. Fish and Wildlife Service. T...
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• Welcome to the Hotels California
5/02/08
Hotel investors might want to check out this latest offering -- four California hotel properties, totalling 532 keys -- including the Hilton Garden Inn Monterey (pictured), the Courtyard by Marriott Thousand Oaks, the TownePl...
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• Silicon Valley Sees Surge of Industrial Leasing Activity
5/01/08
A spate of seven recent industrial leases in the last 60 days – each for at least 100k sf of space – has led to over 1.2 msf of absorption in Silicon Valley. The companies involved in these recent transactions include FedEx G...
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• Investor Gobbles Up Apple Office Building in Cupertino
4/28/08
This report will review a few recent Northern California commercial transactions that were passed along to us by NAI BT Commercial, the regional real estate services firm that brokered each of these deals. The first transact...
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• Concern and Caution Cool San Francisco’s Office Market
4/23/08
Here’s a brief 1st Quarter 2008 report on the San Francisco office market, provided by Michael Tobin, a Director at Pacific Union Commercial Brokerage. Absorption: Citywide absorption was positive for the 19th consecutive qu...
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• New Vacaville Office Project is Nut Lacking for Amenities
4/22/08
Businesses in Vacaville looking for modern, amenity-laden office space in the region now have the option of a brand new 40k sf development that was just completed at Nut Tree Village, a 333k sf mixed-use lifestyle center deve...
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• NoCal Firm Pays $24 Mil for Bellevue Multifamily Asset
4/21/08
Somerset Green Townhomes, a 101-unit apartment community in Bellevue, WA, was acquired by an entity of San Francisco-based Carmel Partners for $24 mil ($237.6k/unit). The asset is located at 4200 to 4261 129th Place SE, east ...
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• Akamai Gets Clearview of Its Next Seven Years in San Mateo
4/16/08
Akamai Technologies Inc recently inked a seven-year lease for 50k sf in Clearview Business Center, a six-building, 270k sf business campus in San Mateo. Akamai, a leader in powering transactions and applications on the Intern...
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• Basin Street Inks Trio of Petaluma Leases
4/10/08
Three companies have inked recent leases in the NoCal town of Petaluma, all at properties owned by Basin Street Properties, a more than 30-year-old real estate developer/owner based out of Petaluma. In these latest transactio...
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• NoCal Deal Briefs
4/08/08
SANTA CLARA (Santa Clara County) – XenoPort Inc is expanding into an additional 58.7k sf of space at 3400 Central Expressway, after agreeing to a five-year deal. They are also extending their existing space of 102.8k sf at 34...
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• Edward Suharski Receives Top Honors for 2007 from Grubb & Ellis
4/03/08
National real estate services firm Grubb & Ellis Company has named Edward Suharski, a Senior Vice President out of the firm’s San Francisco office, as the company’s No. 1 producer and top investment professional for 2007. Su...
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