| Construction Topped Out on Res Development in San Francisco’s Jackson Square
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...
| Westcore Properties Buys 666k sf Bay Area Manufacturing Property
Westcore Properties has acquired Antioch Distribution Center, a two-building, 665.8k sf manufacturing/distribution property in the Bay Area city of Antioch. The property, located at 2200 to 2300 and 2110 Wilbur St, sold for $...
| Pacific Castle Spends $34 Mil on NoCal Retail Center
In a recent NoCal retail investment buy, Pacific Castle paid $34 mil for Redwood Gateway, a 158.5k sf ($214/sf), institutional-quality retail center in the affluent Sonoma County community of Petaluma. The property is located...
| Shorenstein Company Buys 90k sf Office Building in San Francisco’s Jackson Square Neighborhood
Shorenstein Company purchased 901 Battery Street, an 89.9k sf office building located in San Francsico’s North Waterfront-Jackson Square neighborhood. It was sold by The Swig Company and Medley Partners. The price was not dis...
| Bridge Office Fund Buys 267k sf San Mateo Office Campus
A fund managed by Bridge Office Fund Manager LLC has purchased a three-building, 267k sf office campus in San Mateo from BRE Alameda Property Owner LLC. The price was not disclosed.
The property, which has been awarded LEED ...
| San Diego Office Tower Buy Financed with $43 Mil in Acquisition Money
San Francisco-based Swift Real Estate Partners financed its recent purchase of Five Thirty B, a 24-story, 232k sf Class A office tower in downtown San Diego, with $43 mil in acquisition money. Swift bought the asset, also kno...
| Silicon Valley Office Property Traded in $17.5 Mil Deal
Deerfield Realty paid $17.5 mil for 250 East Caribbean Drive, a 36.3k sf ($482/sf) office building in the heart of Sunnyvale’s desirable Moffett Park submarket.
The NNN-leased, single-story office/R&D building is 100% leased...
| Meridian Spends $26 Mil on Concord Office Asset
Meridian paid $26.2 mil for Sutter Square, a 174.7k sf ($150/sf), nine-story office building in Concord. The property, located at 1800 Sutter St, was sold by the Cranbrook Group, of Modesto.
Sutter Square was 78% leased at t...
| New Multifamily Asset in San Francisco’s Mission Bay Sells for over $600k/Unit
General Investment and Development, out of Boston, has purchased Eviva, a recently completed, 129-unit residential project in San Francisco’s Mission Bay District. From what we’ve heard, the property, located at 360 Berry St,...
| Community Preservation Partners Completes Residential Rehabilitations in San Jose
A year after closing two affordable housing acquisitions in San Jose totaling around $87 mil, Irvine-based Community Preservation Partners (CPP) has completed extensive rehabilitations to both properties, the 144-unit Monte V...
| KBS Strategic Opportunity REIT Spends $155 Mil on Two Oakland Office Towers
KBS Strategic Opportunity REIT II has acquired Oakland City Center, consisting of two Class A office buildings totaling 367.4k sf of space. The buldings, located at 505 14th St and 1300 Clay St, traded for $155 mil ($422/sf)....
| Petaluma Self Storage Project is a Go after Landing $12 Mil in Financing
Terrapin Investments is readying to start construction on Petaluma Self Storage, a 75k sf self-storage development in Petaluma. Terrapin has obtained $12 mil in joint venture equity and construction money for the Class A deve...
| Occupancy Jumps to 91% at East Bay Office Campus after Recent Signings
A Flurry of recent leasing activity at Walnut Creek Executive Park (WCEP) in the East Bay city of Walnut Creek has brought the 27-acre, 449.3k sf office campus to 91% occupied. The recent deals total 177k sf of space. The pro...
| Renovated Palo Alto Affordable Housing Project is Unveiled
Colorado Park Apartments, an affordable residential rental community developed by Palo Alto Housing (PAH), is celebrating a grand re-opening, after undergoing a major renovation program. Colorado Park Apartments is a seven-bu...
| Oakland Apartment Property Sells for $4.7 Mil
A four-building, 20-unit apartment community in Oakland’s Piedmont Avenue neighborhood sold for $4.675 mil, or $234k/unit. The property is located at 4114-4134 Howe Street.
The seller, Howe Street Properties LLC, had complet...
| Presidio Companies Obtains $62 Mil Financing on Las Alcobas Napa Valley Hotel
Presidio Companies has landed $62 mil in financing for Las Alcobas Napa Valley, a unique, 68-room luxury hotel in St. Helena. The property is at 1915 Main St, in an irreplaceable location immediately fronting the 200-acre Ber...
| Repositioned Sunnyvale Res Community Sells for $424k/Unit
A 37-unit multifamily property in Sunnyvale traded hands in a recent $15.7 mil ($424k/unit) transaction. The property, called “pksl,” was purchased by a Bay Area-based private partnership. It is located at 1090 Sunnyvale Sara...
| San Mateo Res Property Traded in $22 Mil Deal
The Marq at Shoreview Apartments, a 70-unit multifamily development in San Mateo, was acquired by a private investment entity based in Fullerton in a recent $22.1 mil ($316k/unit) deal. The property was sold by Montgomery Par...
| San Francisco Office Experts Discuss the State of the Market at RENTV's Conference
By Steve Bloom
On July 20th, 2017, RENTV held its Downtown San Francisco State of the Market Conference, in conjunction with leading real estate information provider CoStar. The event, held at CoStar’s spectacular auditorium...
| Blackpoint Management Buys Res Development Site in Rohnert Park
Blackpoint Management purchased a 98.4k sf multifamily development site in Rohnert Park for $3.6 mil. The planned project received site plan and design review approval from the city of Rohnert Park in March 2017.