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October 22, 2019
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BAY AREA NEWS
Archive
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• San Francisco’s Salesforce Tower Nearing Completion
11/14/17
By Allen Wolfsheimer Salesforce Tower, the 61-story, 1.4 msf office skyscraper being developed adjacent to the new Transbay Transit Center in San Francisco by Hines and Boston Properties, is nearing completion. The $1.1 bil ...
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• Calvera Partners Picks Up 20-Unit Res Asset in Mountain View
11/14/17
Calvera Partners has acquired Monroe Villa, a 20-unit vintage apartment building in Mountain View, in a recent $7.26 mil ($363k/unit) transaction. The property, located at 565 Escuela Ave, represents Calvera’s eleventh acquis...
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• EverWest Real Estate Partners and Black Salmon Team Up in $33 Mil Bay Area Office Buy
11/09/17
A venture between EverWest Real Estate Partners and Miami-based Black Salmon has entered the Bay Area office investment market with the purchase of The Offices at Public Market, a 109.2k sf, Class A office and retail property...
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• Trimark Commercial Real Estate Joins Sperry Commercial Global Affiliates in the Bay Area
11/06/17
Walnut Creek-based Trimark Commercial Real Estate has joined Sperry Commercial Global Affiliates as the latest franchise office in the Bay Area. Trimark Commercial Real Estate is under the direction of Mark Hinkins CCIM, FRI...
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• Corbion Leases 32k sf in South San Francisco
11/03/17
Corbion, a leading food and biochemical ingredients company, agreed to a 51-month lease for 32.4k sf of space in South San Francisco. The space is within Genesis, a Class A, two-building high-rise life science R&D/office cam...
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• JB Matteson Inc Completes Bay Area Res buy
10/27/17
JB Matteson Inc purchased Tralee Village Apartments, a 130-unit luxury apartment community in the Bay Area city of Dublin. Although the price was not disclosed, industry sources estimate a value of around $55 mil ($423k/unit)...
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• New Silicon Valley Res Project is Finished
10/25/17
Sares Regis Group of Northern California (SRGNC) has completed development of 6tenEAST, a new luxury apartment community in Sunnyvale. The four-story, 205-residence community, featuring a wide variety of well-designed floor p...
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• CBRE Acquires Custom Spaces
10/23/17
CBRE Group Inc recently acquired the business of Custom Spaces, a San Francisco-based, technology-focused boutique real estate brokerage firm that advises leading technology companies such as Airbnb, Cruise Automation, Medium...
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• Work Started on Spec Industrial Project in the East Bay
10/23/17
Construction is underway on San Leandro Business Center, a new speculative industrial project that sits on a 30.6-acre site located along the I-880 corridor in the East Bay. The project, a development of Trammell Crow Company...
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• Santa Rosa Manufactured Home Community Refinanced with $13.7 Mil Freddie Mac Loan
10/17/17
An OC-based private investor has obtained $13.7 mil in permanent refinancing for Mountain View Mobile Estates, a 109-site manufactured home community in Santa Rosa. The property is located at 2860 Santa Rosa Ave, just east of...
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• $64 Mil Affordable Housing Project Breaks Ground in Emeryville
10/13/17
EAH Housing and the City of Emeryville have broken ground on Estrella Vista, a new, 86-unit transit-oriented mixed-use residential development at 3706 San Pablo Ave in the downtown area of Emeryville, in the East Bay. The $64...
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• Therm-X Leases 69k sf of Lab/R&D Space in Hayward
10/09/17
Therm-X signed a long-term lease for 68.8k sf of laboratory/R&D, industrial and office space in Hayward. The space is at 3323 Investment Blvd, at the base of the San Mateo Bridge and directly across the street from their Head...
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• Multifamily Property in the East Bay Trades for Over $13 Mil
10/06/17
Aloha Apartments, a 47.3k sf, 70-unit multifamily property in the East Bay city of Hayward, sold for $13.175 mil, or $188k/unit. The property is located at 250 W. Jackson St, near the I-880 and I-580 freeways. Aloha Apartmen...
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• Trion Properties Pays $26.5 Mil for 88 Res Units in Fremont
10/03/17
Trion Properties has acquired an 88-unit multifamily property in the Bay Area city of Fremont for $26.5 mil, or $301k/unit. This is the firm’s fifth Bay Area acquisition in less than two years, bringing its portfolio in the a...
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• Overton Moore Properties Starts Work on 300k sf Spec Industrial Project in San Leandro
10/02/17
Overton Moore Properties has awarded the leasing assignment for Marina Gateway Industrial Center, a new development located at 2000 Marina Blvd in San Leandro, to Kevin Hatcher, SIOR, and Bob Ferraro, SIOR, with CBRE. OMP ha...
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• San Jose Office Building Trades in $21.5 Mil Deal
9/29/17
Nautilus Global Investment has acquired a Class A, two-story, 84.2k sf office/R&D building in San Jose for $21.5 mil ($255sf). The building, located at 1704 Automation Pkwy, is 100% NNN leased to Quantenna Communications Inc ...
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• Kairos Power Leases 56k sf in Alameda
9/27/17
Kairos Power LLC, an Oakland-based energy technology and engineering company, signed a new lease for 55.8k sf of space in Alameda. The deal is at West Tower 9, located at 707 West Tower Ave, west of the Webster Street Tube. ...
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• Cushman & Wakefield Awarded Leasing and Management Assignments for Building in San Francisco’s Financial District
9/26/17
Madison Capital has awarded the retail leasing, office leasing and property management assignments for 150 Post Street in San Francisco to Cushman & Wakefield. The 110k sf building is located one block east of Union Square in...
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• DLA Piper Renews 119k sf Palo Alto Office Space
9/22/17
DLA Piper has renewed the 119k sf that it currently occupies at University Circle, located at 2000 University Ave in East Palo Alto, through June 2023. The renewal, which will be effective upon the expiration of DLA Piper’s c...
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• Construction Topped Out on Res Development in San Francisco’s Jackson Square
9/18/17
Construction has topped out at 288 Pacific, a seven-story luxury condominium project located in the historic Jackson Square district of San Francisco. The project is being developed by Grosvenor Americas with Swinerton as the...
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