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December 4, 2020
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BAY AREA NEWS
Archive
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• NAI BT Commercial Wins Multiple Awards from NAI Global
2/15/08
NAI BT Commercial, the active regional real estate services firm based out of San Francisco, recently won some of the most prestigious awards from NAI Global, the large, national network of commercial real estate firms. The a...
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• Alamo and Essex Team Up in Walnut Creek Office Buy
2/14/08
A 51.3k sf office building in Walnut Creek was acquired by Alamo Essex LLC, a joint venture between Alamo-based developer the Alamo Group and Essex Property Trust, a publicly traded real estate investment trust. The eight-sto...
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• New Continuing Care Community to Be Pleasant Addition in Pleasanton
2/13/08
A new continuing care retirement community (CCRC) for people aged 62 or older is in the works for the NoCal community of Pleasanton. The development, called Stoneridge Creek, is a project of Continuing Life Communities LLC an...
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• Union Square Retail Building Receives Acq/Contruction Financing of $950/sf
2/11/08
The acquisition and planned renovation of a small, 6.5k sf retail building in San Franciscoís busy Union Square area was financed with $6.2 mil ($954/sf) arranged by the Los Angeles office of Holliday Fenoglio Fowler L.P. (HF...
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• Local Developer Pays $44 Mil for Milpitas Shopping Center
2/08/08
In a significant retail sale from Silicon Valley, Lap Tang Development Company paid $43.9 mil for Serra Center, a 16.4-acre mixed-use center in Milpitas. The acquisition consists of a 42-year-old shopping center at 200 Serra ...
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• San Francisco Office Market Report
2/07/08
Hereís a brief year-end report on the San Francisco office market, provided by Michael Tobin, a Director at Pacific Union Commercial Brokerage and a long-time industry veteran. Absorption: Citywide absorption was positive fo...
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• NoCal Activity Review
2/06/08
FREMONT (Alameda County) -- D. R. Stephens & Company paid $14 mil for two R&D buildings located at 48502 Kato Rd and 48507 Milmont Dr. The single-story, concrete tilt-up facilities contain a total of 125.8k sf ($111/sf) of sp...
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• Grocery Shopping in Hayward to Become Fresh & Easy
2/05/08
Hayward residents will soon enjoy a Fresh and Easy new way to shop for food, as British-based Tesco recently inked a lease for a 14.5k sf Fresh & Easy Neighborhood Market at Fairway Park Shopping Center. Tesco, in one of the ...
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• Tenant Rep Firm Reports that San Francisco Office Activity Remains Slow
2/01/08
Hereís a quick look at the San Francisco office market, courtesy of Studley, the national tenant representation firm. The overview is based on year-end 2007 numbers and offers an outlook for the coming year. Demand for offic...
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• Acquisition of San Francisco AAA Portfolio Funded with $182 Mil
1/31/08
Hereís news of a major office portfolio financing deal, as Highland Realty Capital secured $50 mil of joint-venture equity and $132 mil of bridge debt financing for The Patson Companiesí acquisition of the California State Au...
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• Wrightwood Funds Redwood City Deal
1/30/08
Wrightwood Capital has provided $12.15 mil in funding to finance the acquisition of Westshore Office Park, a 48k sf office complex located at 200-205 Twin Dolphin Dr in Redwood City. Built in 1983, the project consists of six...
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• Buchanan Street Ventures into San Francisco Office Buy
1/29/08
Buchanan Street Partners has committed $49.7 mil in equity funding as part of joint venture acquisition of a four-building, 597.6k sf office portfolio in San Franciscoís Civic Center/Van Ness submarket. The deal includes the ...
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• Hanover and Blake Hunt Undertake New Retail Project in Hayward
1/28/08
In development news originally announced at the end of last year, Hanover Financial Company (Hanover) and Blake Hunt Ventures (BHV) have teamed up in the development of Cinema Plaza, a 53.6k sf retail project to be anchored b...
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• Highland Capital Arranges $14 Mil for New Sonoma County Res Project
1/25/08
A planned 200-unit residential development in Sonoma County is a little closer to reality, after securing $13.78 mil in mezzanine debt, which was arranged by Highland Realty Capital. The project, Windsor Mill, is located on r...
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• NoCal Pro Moves
1/21/08
Todd Shaffer: Cornish & Carey Commercial/ONCOR International (C&C) has appointed C&Cís Senior Vice President Todd Shaffer to manage the Office Brokerage Division in the companyís Santa Clara headquarters office. The position...
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• Sperry Van Ness Leverages National Presence with Fulcrum
1/18/08
National and regional brokerage firms continue to look to new arrangements with local market specialists as a means to quickly expand their network into previously underserved areas. In the most recent example, Irvine-based S...
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• Medical Device Firm Devises East Bay Relocation Deal
1/17/08
In news of a sizable relocation deal in the East Bay, medical device manufacturer Penumbra Inc agreed to a lease for 72.8k sf of space at Parkway Center, a 93.6k sf, two-story facility at 1351 Harbor Bay Pkwy, just north of O...
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• GE Real Estate Provides $95 Mil to Foster a Sterling Office Complex
1/16/08
GE Real Estate provided a $95 mil short-term, on-book loan to a joint venture between Sterling American Property Fund IV and Hines to refinance Parkside Towers, a Class A office property located in Foster City. The assetís tw...
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• NAI Capitalís Lee Black Closes 2007 with Deal Hat Trick
1/16/08
Lee Black, an Executive Vice President in the Encino office of NAI Capital and a SoCal industry veteran, had a very busy end of 2007, wrapping up three transactions up and down the West Coast, in Thousand Oaks, San Francisco ...
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• Buyers Go for Silicon Valley R&D Properties
1/15/08
A trio of recent sales offers evidence that demand remains strong for R&D buildings in Silicon Valley. These latest deals, in San Jose and Santa Clara, were all brokered by regional firm NAI BT Commercial. In North San Jose,...
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