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• Mesa West Capital Acquires $130 Mil Note on Sunnyvale Office Portfolio
11/23/10
Mesa West Capital has acquired a $130 mil note secured by three Class A office towers totaling 951k sf within Moffett Towers, a recently built office campus in Sunnyvale. The note was sold by Morgan Stanley.
Developed by San...
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• Current Economic Activity is More than Fair in Fairfield
11/22/10
While many California cities are still facing sluggish growth, the Bay Area city of Fairfield has been seeing an increase in construction and economic development activity. Fairfield is located in NoCal’s Solano County, about...
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• Broadcom Inks Silicon Valley Renewal/Expansion Lease for Over 250k sf
11/18/10
In a big NoCal office deal, Broadcom agreed to a renewal/expansion transaction with JP Morgan for a total of 257.2k sf at the Sunnyvale City Center. The Class A office campus is located at 100, 150 and 190 Mathilda Place in t...
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• Kilroy Closes $238k sf of West Coast Office Buys
11/17/10
West LA-based Kilroy Realty Corporation recently closed on two large West Coast office property buys, totaling 588k sf of space, in San Francisco and Seattle. The acquisitions had a combined price tag of $237.5 mil.
In San F...
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• NoCal Retail Briefs
11/16/10
SAN MATEO (San Mateo County) -- The Home Gallery inked a long-term lease for 14.6k sf of space at Central Park. Located on 4th Ave, Central Park is a 127k sf shopping center in the busiest block of San Mateo. The property own...
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• Santee Claus Arrives Early for Essex Property Trust
11/16/10
In the second of two notable, neighboring multifamily/mixed-use asset sales in downtown Los Angeles, Palo Alto-based Essex Property Trust acquired Santee Court, a 165-unit adaptive reuse property, for $31.1 mil in an all-cash...
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• NoCal FedEx Ground Facility Sells for $12.5 Mil
11/12/10
Here’s the latest news from Windsor, a NoCal town located about 60 miles north of San Francisco in Sonoma County. Situated two miles from the Russian River, Windsor covers roughly seven square miles and has a total population...
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• Federal Stimulus Creates New Opportunities in the East Bay
11/11/10
The data and comments in this report were provided to us by CBRE San Francisco Bay Area Research as part of an ongoing column by the leading real estate services firm exclusive for Rentv.com:
Historically, the market drivers...
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• Draftsmen & Craftsmen
11/10/10
Sutter health broke ground this week on the new Alta Bates Summit Medical Center Patient Care Pavilion, a 230k sf patient care pavilion in Oakland. The development will house 238 medical/surgical and acute rehabilitation beds...
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• San Francisco’s Fillmore Center Receives LEED Silver Certification
11/09/10
The Fillmore Center, a multifamily mixed-use property with 1 msf of usable space located at 1475 Fillmore St in San Francisco’s Fillmore District, will receive the Leadership in Energy and Environmental Design (LEED) Silver f...
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• Johnson Capital’s David Susank Places Over $50 Mil in Fannie Mae Loans Over the Past 90 Days
11/05/10
Johnson Capital’s David Susank has closed three separate apartment loans backed by Fannie Mae over the past 90 days in deals that total over $53 mil. Susank is a Vice President in the firm’s Irvine office.
In the first tran...
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• New NoCal Seniors Affordable Housing Community Breaks Ground
11/04/10
Santa Ana-based Urban Housing Communities LLC has begun construction on Horizons at Morgan Hill, a 49-unit affordable senior housing community in the Santa Clara County community of Morgan Hill. The project, developed in coll...
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• Unique Aging Campus to Move Forward After Sale of 1.5-Acre San Francisco Site
11/03/10
A 1.47-acre development site in San Francisco’s Bayview-Hunters Point area was acquired by Bayview Hunters Point Multipurpose Senior Service Inc in a joint venture with developer McCormack Barron Salazar. The site, known as P...
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• NoCal Retail Tenant Activity
11/02/10
Who says retailers aren’t taking new spaces? We think the brokers at Terranomics, the retail specialists, could tell a different story. Here are pieces of information on seven recent retail leases closed by Terranomics agents...
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• Mid-Sized Tenants Leasing Space Around the Bay Area
11/01/10
While the office leasing definitely is not heating up yet, we do have news of several recently signed leases around the Bay Area. We’ll start in downtown, where Herman Miller, globally branded furniture designer and distribut...
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• No Cal Pro Moves
10/29/10
CresaPartners announced that John Perkins joined the tenant rep brokerage firm as a Vice President in its growing San Francisco office. Perkins, with six years of experience in commercial real estate, will serve as an adviso...
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• U.S. Superior Stone & Tile Lays Down Over $9 Mil For 262K SF Facil
10/28/10
A 261,893 sf multi-tenant industrial facility in San Leandro was bought by 2050 Williams, LLC dba U.S. Superior Stone and Tile, Inc for $9,331,140, or $35.61/sf. The company will occupy about half, or 137,580 sf, of the prope...
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• Marc Ward and Michael Raffetto Join Cassidy Turley BT Commercial
10/26/10
Veteran East Bay office brokers Marc Ward and Michael Raffetto have joined Cassidy Turley BT Commercial, with this being a return stint for Ward. Both have represented many significant assignments on behalf of tenants and lan...
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• Sack Properties Entity Acquires 32-Unit Marin County Multifamily Asset
10/25/10
Marin Gardens, a 32-unit multifamily community in the southern Marin County city of Corte Madera, was acquired for $6.6 mil ($206k/unit), just 35 days after marketing began, by an entity controlled by Sack Properties of San F...
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• Carmichael, Caldeway and Anvary Named Partners at Cassidy Turley BT Commercial
10/21/10
Three NoCal brokerage pros have been named as Partners at Cassidy Turley BT Commercial. Sharon Carmichael, a broker based in the firm’s Burlingame office and a member of its retail division Terranomics; Rhonda Diaz Caldewey, ...
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