| Local Investor Pays $268k/Unit for Multifamily Asset in Concord
Civic Center Apartments, a 28-unit multifamily property in the highly sought-after downtown area of Concord, sold for $7.5 mil ($268k/unit). The asset was acquired by a local buyer, PTLA Real Estate Group.
Located at 1870 an...
| Broadreach Capital Partners and Rockwood Capital Start Work on $250 Mil Mixed-User in Mountain View
Broadreach Capital Partners and partner Rockwood Capital have broken ground on the Ameswell Mountain View, a $250 mil, mixed-use development comprising a 220k sf, Class A office building and 255-room modern luxury hotel locat...
| Silicon Valley Multifamily Project Lands $121 Mil in Development Money
In a large multifamily financing deal out of Silicon Valley, Anton DevCo has obtained a $121.7 mil participating mortgage for the development of Anton Milpitas 730, a 266-unit, Class A multi-housing community with 1.8k sf of ...
| SummerHill Homes Pays $13 Mil/Acre for Mountain View Dev Site
SummerHill Homes paid $22.5 mil for a 1.72-acre land parcel in Mountain View. The land parcel is located near the intersection of West Middlefield Rd and Rengstorff Ave in Mountain View, in close proximity to the Google headq...
| NoCal Shopping Center Trades in $15 Mil Deal
Scotts Village, a 121.3k sf, neighborhood shopping center in Scotts Valley, CA sold for $15.35 mil, or $126.50/sf. The property is located at 227 – 259 Mt. Hermon Rd, west of Hwy 17 and about six miles north of downtown Santa...
| Lincoln Property Company and Rockwood Capital Spend $38 Mil on San Francisco Office Asset
Lincoln Property Company has teamed up with Rockwood Capital LLC in the purchase of an historic, 45k sf office building in San Francisco. The nine-story building, located at 332 Pine St, was sold for approximately $38 mil ($8...
| Hudson Pacific Properties Collects $210 Mil from Sale of Six Buildings in San Mateo
Hudson Pacific Properties Inc has sold the remaining six buildings of Peninsula Office Park in San Mateo for $210 mil before credits, prorations and closing costs. Net proceeds from the sale were used to repay amounts outstan...
| Seven NoCal SVN Offices Team Up Under One Label
Seven of SVN International Corp’s Northern California offices have joined together to form SVN NORCAL, offering collaborative services, tools and expertise under one brand. SVN International Corp (SVN) is a full-service comm...
| KKR Buys 320k sf Office Tower in Oakland
KKR has purchased 1330 Broadway, a 320k sf office building in Downtown Oakland. KKR is making the investment through its Real Estate Partners Americas Fund II.
According to industry sources, the property traded for around $...
| San Jose Mixed-Use Campus Sells in $284 Mil Transaction
In one of the largest commercial real estate sales so far this year in Silicon Valley, San Francisco-based Jay Paul has purchased Cityview Plaza, an 11-acre, 579.5k sf mixed-use project in downtown San Jose, for $283.5 mil. T...
| San Jose Office/R&D Campus Trades Hands
PSAI Realty Partners purchased Gold Street Technology Center, a 302.6k sf, office/R&D campus in San Jose. The property encompasses five separate, two-story steel-frame buildings at 2100, 2130, 2150, 2160, and 2190 Gold St, we...
| Physicians Medical Center in Daly City Sells for $30 Mil
Pinnacle Capital Management Services (PCMS), in a joint venture with Harrison Street Real Estate Capital LLC, has purchased Physicians Medical Center, a 70.7k sf, purpose-built medical office building immediately south of San...
| Large Tenants Keep Up the Demand for Office Space in San Francisco
Large tenants such as Facebook, WeWork, and Cruise Automation continue to drive the San Francisco office market, according to a new report released by real estate services firm Kidder Mathews. Tech companies face increasing c...
| Private Investor Buys Two Self-Storage Facilities in Silicon Valley
A private, high net worth family seeking to expand its portfolio purchased two institutional quality self-storage facilities in Silicon Valley’s Los Gatos submarket. The price was not disclosed.
The two facilities, located a...
| Broadreach Capital Partners Set to Develop Mixed-Use Hotel/Office Project in Mountain View
Broadreach Capital Partners, LLC has obtained $250 mil in capitalization for the development of Ameswell Mountain View, a fully entitled, mixed-use project comprising a 255-room upscale, independent hotel and a 216.7k sf Clas...
| Square Mile Capital Management Originates $136 Mil on Two San Francisco Office Assets
Square Mile Capital Management LLC has originated a $136.4 mil first mortgage and mezzanine loan cross-collateralized and secured by 235 Pine Street and 535 Pacific Avenue, a pair of office buildings totaling 196.8k sf in San...
| Commercial Real Estate Financing Briefs
GREYSTONE - Greystone has provided a $70.8 mil Fannie Mae DUS loan to refinance the newly-constructed 251 Brandon Street apartments in San Jose. Located in a tech hub serving as home base to many employees of Facebook, Google...
| Fairborne Properties Buys 358k sf NoCal Retail Center
The Streets of Brentwood, a 358.6k sf, grocery-and theatre-anchored lifestyle center located in the San Francisco Bay Area, was acquired by Fairborne Properties. The center includes a 14-screen AMC Theatre, DSW, ULTA and a ne...
| Flex/Office Campus in South San Francisco Sells to SFF Realty Fund III in a $47.5 Mil Deal
SFF Realty Fund III, an affiliate of San Francisco-based PSAI Realty Partners, purchased Dubuque Center, a three-building, 112k sf flex/office/R&D campus in South San Francisco, for $47.5 mil ($424/sf). The property, located ...
| Commercial Real Estate Financing Briefs
Newmark – Robert Slatt, Jeff Wilcox and Charlie Kokernak with Newmark arranged $25.6 mil in permanent financing for 5500-5550 Hellyer Ave, a two-story R&D building in San Jose. Demised into three tenant spaces, the 100% occup...