| Private Investor Pays $700k/Unit for Palo Alto Multifamily Property
A private investor paid $8.45 mil for Villa Sierra Apartments, a 12-unit ($704k/unit) multifamily community in Palo Alto. The property is located at 801 Middlefield Rd, in the city’s downtown region, with shopping, dining and...
| San Mateo Apartment Portfolio Refinanced with $133 Mil Loan
Stockbridge Capital Group recently secured $132.9 mil in financing on a three-property, Class A apartment portfolio totaling 336 units in San Mateo. The loan proceeds were used to retire existing construction financing.
| San Francisco Office Building to Undergo Addition and Complete Renovation
The Swig Company LLC has obtained $145 mil in construction financing for 633 Folsom, a seven-story, 171.6k sf office building in the SOMA submarket of San Francisco.
The loan proceeds will be used to complete a full building...
| The Kor Group Refinances the San Francisco Proper Hotel
The Kor Group has obtained a $45 mil refi loan on the 131-room San Francisco Proper Hotel, located in the heart of the city’s vibrant Mid-Market neighborhood. The Proper Hotel is located at 1100 Market St, a few blocks southw...
| Condos at New Luxury Res Project in San Bruno Sells Out in Four Months
Upscale residential condos at Sares Regis Group of Northern California (SRGNC) new development in the Bay Area city of Mountain View, 1101 West, have sold out less than four months after hitting the market. Located at 1101 We...
| South San Francisco Life Sciences Campus Refinanced with Two Loans Totaling $385 Mil
Phase 3 Real Estate Partners Inc has obtained refinancing totaling $384.9 mil on its Genesis North and South Towers, two office and life science buildings totaling 717.9k sf in South San Francisco.
Genesis North and South T...
| Work Gets Started on 171-Unit TOD Res Development in Livermore
JEMCOR Development Partners has broken ground on Ageno Apartments, a 171-unit, mixed-income, transit-oriented development located at South Vasco Rd and Brisa St in Livermore. Ageno Apartments marks the final construction phas...
| WeWork Leases Entire 251k sf Building in San Francisco
WeWork has inked an 18-year lease to occupy the entire 20-story, 251.7k sf building at 430 California Street in San Francisco. The lease value was not disclosed.
WeWork will be the sole tenant in the landmark office tower th...
| Hayward Distribution Facility Trades in Transaction Worth around $93 Mil
Hayward 92 Industrial Center, a 237k sf, LEED-certified distribution property in the East Bay city of Hayward, was purchased by an international institutional asset management company in a transaction worth $395/sf, which wor...
| CIM Group Starts Work on Multifamily Development in Oakland’s Jack London Square
CIM Group has begun construction of an eight-story, residential development featuring 333 apartments and ground floor retail at 40 Harrison St at Jack London Square, a 12-acre entertainment and business destination on Oakland...
| Alameda Point Partners to Move Forward with Waterfront Development at Alameda Point
The first phase of the 68-acre Site A parcel at Alameda Point was transferred from the City of Alameda to Alameda Point Partners (APP), the City’s private partner for the project. Alameda Point Partners is a joint venture bet...
| Warehouse Building in South San Francisco Trades for $239/sf
A partnership between PCCP LLC and Lift Partners has purchased a 117.5k sf warehouse building in South San Francisco for $28.05 mil ($239/sf). The property, which is situated adjacent to Hwy 101, was sold by the former owner-...
| Walnut Creek Office Complex Sells for about $500/sf
Rockwood has acquired Growers Square, a 195.4k sf, Class A office complex in the East Bay city of Walnut Creek. According to industry sources, the three-building campus sold for about $98 mil, or around $500/sf.
Located at ...
| Berry, Appleman & Leiden LLP Leases 20k sf of Class A Office Space in Walnut Creek
Global law firm Berry, Appleman & Leiden LLP (BAL) Leased 20.3k sf of office space at 100 Pringle Ave in Walnut Creek. Terms of the lease were not disclosed.
More than doubling its office capacity, the tenant relocated from ...
| SummerHill Apartment Communities Gets Green Light from South San Francisco City Council for New Project
A planned mixed-use community in South San Francisco developed by SummerHill Apartment Communities has received unanimous approval by the City Council. The new development is located on a 1.67-acre site at 988 El Camino Real,...
| San Leandro Multifamily Asset Sold for $182k/Unit
Manchester Apartments, a 44-unit apartment community in unincorporated San Leandro, was acquired by TRC Manchester LP, a private investment group, in an $8 mil ($182k/unit) deal. The property, located at 1919 Manchester Rd, f...
| Meridian Completes MOB Poject in the East Bay
In development news out of the East Bay, Meridian has completed work on a 10k sf, single-tenant medical office building in Castro Valley. The Alameda County development is located 0.69 acres at 20359 Lake Chabot Rd, north of ...
| Office Complex in the East Bay Trades for $10 Mil
Oak Hill West, a four-building, 46.9k sf office complex in the East Bay city of Lafayette, sold for $10 mil, or about $210/sf. The property is located at 3736 – 3746 Mt. Diablo Blvd, just off Hwy 24.
The property is situated...
| Runyon Group Secures $38 Mil in Construction Money to Start Work on Third Phase of PLATFORM in Culver City
Los Angeles-based Runyon Group has obtained $38 mil in construction money for development of the third phase of PLATFORM, a 66k sf, mixed-used development in downtown Culver City. The 54-month financing was arranged by Quantu...
| Torani Inc Takes 327k sf at New Bay Area Biz Park
In recent industrial activity from the Bay Area, Torani Inc signed a 15-year, $65 mil lease for 327k sf of space in San Leandro. The firm is relocating its corporate headquarters and manufacturing facilities from South San Fr...