| Valent U.S.A. Leases 96k sf in San Ramon
Valent U.S.A. agreed to a 20-year lease for 96.5k sf of R&D space at Canyon Corporate Park in San Ramon. The deal represents the largest new R&D lease in the Tri-Valley since the second quarter of 2016.
For Valent, a leading...
| Essex Property Closes $104 Mil Res Buy in San Jose
Essex Property Trust acquired Meridian at Midtown, a 218-unit luxury apartment community with approximately 14k sf of ground-floor retail in San Jose, in a $104 mil transaction. The seller was Republic Urban Properties LLC.
| Knotel Leases 13k sf in San Francisco
Knotel has inked a lease for 13.2k sf of space at 785 Market Street in San Francisco. The new lease encompasses the 10th and 12th floors at the property. Terms of the deal were not disclosed.
Knotel – which designs, builds a...
| Silicon Valley Neighborhood Center Goes for $862/sf
Mary Manor Center, a 12k sf retail center in Sunnyvale, was acquired for $10.35 mil ($862/sf) by a local high net worth private investor who was in a 1031 exchange. The fully occupied center includes a Starbucks as well as si...
| Investors Snap Up Bay Area Self-Storage Facilities
Two institutional quality self-storage facilities encompassing 1,154 units in the Bay Area sold in recent transactions with a combined value of $27.8 mil. The proeprties are located in Sunnyvale and Fremont.
In one of the de...
| Transit-Oriented Office Building in San Francisco Lands $30 Mil in Financing
Chelsea Pacific Group has obtained $30 mil in financing on The Chancery, a 62.4k sf, transit-oriented building on Market Street in San Francisco. The loan was arranged by HFF’s Jordan Angel and funded through Chase Commercial...
| Hotel/Housing Development Completed in Healdsburg, CA
Seaview Investors LLC recently completed a ground-up, two-part construction project in Healdsburg. The project, built by R.D. Olson Construction, included Hotel Trio, a 122-room hotel, and Citrine Apartments, a 37-unit afford...
| Chinese Firm Acquires San Jose Office Building
Hangzhou Overseas Center Inc, a technology and business service company backed by the city of Hangzhou, China, has purchased a two-story office building in San Jose. The property, located at 160 East Tasman Dr, west of I-880 ...
| Black Creek Group Adding Eight Industrial Developments Totaling 3 msf to the Greater Bay Area
Denver-based Black Creek Group has eight industrial developments in the Greater Bay Area recently completed, currently underway or already entitled and scheduled to begin work by early next year.
Totaling approximately 3 mf,...
| San Francisco Multifamily Portfolio Refinanced with $113.5 Mil Loan
Mosser Capital has obtained a $113.5 mil refi loan on a 12-property, 455-unit multi-housing portfolio in San Francisco. The financing was arranged by HFF.
The portfolio includes 13 ground-floor retail suites. The properties ...
| Silicon Valley Whole Foods Store Sells for $55 Mil
A 50.5k sf retail property occupied by Whole Foods Market in the Silicon Valley city of Los Altos sold for $55 mil ($1,089/sf). Imperial Hornet Developers LLC acquired the freestanding property, located at 4800 El Camino Real...
| Downtown Danville Retail Building Acquired for New Restaurant
Darren Matte, the owner of the acclaimed Per Diem in San Francisco and Harvest restaurant in Danville, has purchased a well located, high identity retail/restaurant property in downtown Danville, for $2.45 mil in an off-marke...
| Miramar Capital Buys 50k sf Silicon Valley Office Property
Miramar Capital has acquired 700 East El Camino Real, a three-story, 49.6k sf Class A office property in Mountain View. The property was sold by TA Realty.
Built in 1985 and situated on just over two acres, 700 East El Camin...
| Michael Taquino and Kyle Kovac Join CBRE
Michael Taquino and Kyle Kovac have joined CBRE Group Inc as Executive Vice Presidents of Capital Markets in the firm’s downtown San Francisco office. The duo joins CBRE after a six-year stint at Newmark Knight Frank where th...
| San Francisco Giants Team Up with Tishman Speyer for San Francisco Waterfront Development
The San Francisco Giants have selected Tishman Speyer as its joint venture partner to develop the waterfront Mission Rock mixed-use neighborhood near AT&T Park. Mission Rock is a public-private partnership with the Port of S...
| Oakland Dialysis Clinic Trades Hands for $1,230/sf
A Fremont-based investment entity has acquired a 12.8k sf dialysis clinic in Oakland in a $15.7 mil ($1,230/sf) transaction. The property was sold by Meridian in a deal that closed at a cap rate of 5.1%.
The outpatient dialy...
| Commercial Real Estate Financing Briefs
CAPITAL ONE -- Capital One has provided a $178.3 mil Fannie Mae loan to refinance Anton Menlo, a 394-unit multifamily property in Menlo Park. Anton Menlo is a four-story complex situated on a 9.69-acre site. On-site amenities...
| Two Silicon Valley Sales Total $11 Mil
We’ve got two recent commercial property sales in Silicon Valley to report. The transactions, one for a multifamily community in Santa Clara and the other for a stand-alone industrial warehouse in San Jose, totaled $11 mil.
| Northwestern Mutual Life Insurance and McCarthy Cook Buy Office Campus in Mountain View
In a recent Silicon Valley office buy, Northwestern Mutual Life Insurance and McCarthy Cook have purchased Castro Station, a three-building, Class A office campus totaling 114.8k sf in downtown Mountain View. The asset was so...
| Commercial Real Estate Financing Briefs
JLL CAPITAL MARKETS -- Zane Sweet, Chris Casey, and Reid McGlamery with JLL Capital Markets arranged a $48 mil financing package through global investment manager Man Group to recapitalize a portfolio of approximately 300 sin...