| Walnut Creek Office Complex Trades in $90 Mil Deal
PCCP LLC and Align Real Estate have purchased Walnut Creek Center, a 236.1k sf, Class A office project situated adjacent to the Walnut Creek BART station in Walnut Creek. The asset, originally constructed in 1983, was sold by...
| Lane Partners Obtains New Financing to Reposition 236k sf Oakland Office Building
Lane Partners has landed $70 mil in balance sheet financing for 2150 Webster Street, a 10-story, 236k sf office building located in the heart of Oakland’s flourishing Uptown district. The building is currently 100% vacant, al...
| DivcoWest Closes $73 Mil Office Buy in San Mateo
DivcoWest has purchased an 88k sf office property in downtown San Mateo in a deal said to be worth around $73 mil, or over $800/sf. The Class A building is located at 101 S. Ellsworth, just one block from downtown San Mateo’s...
| Oracle Inks Oakland Office Lease
Oracle has signed a six-year lease for approximately 16k sf at 1330 Broadway in Oakland. Oracle will be located on the 17th floor of the 18-story, 313k sf office building in the city’s downtown area.
Oracle’s decision to le...
| Financial Technology Firm Leases 86k sf at San Francisco Office Tower
Affirm agreed to an eight-year lease for 86.2k sf office space in San Francisco. The financial technology firm’s new space is at 650 California Street, a 33-story, 477k sf high-rise in the city’s Financial District owned by C...
| Monterey Hotel Property Trades for $161k/Room
A local private investor has purchased Stargazer Inn & Suites, a 52-room boutique hotel in Monterey, for $8.4 mil, or $161.5k/room. It was sold by Monterey Signature Hotels.
Located at 1046 Munras Ave, the Stargazer Inn & Su...
| Trion Properties Teams with NY-Based DVO Real Estate in $36 Mil Value-Add Res Buy in the East Bay
Trion Properties and joint-venture partner DVO Real Estate, out of New York, teamed up in the recent $36.6 mil acquisition of Bel Brook and Hideaway Apartments, a 146-unit ($251k/unit), value-add multifamily property in the E...
| CBRE Opens New Oakland Office
CBRE Group has opened a new office in Oakland, in the core of the city’s downtown CBD. The space, on the 18th floor of 1111 Broadway, is part of CBRE’s global “Workplace360” initiative, the company’s leading-edge approach to ...
| San Francisco Office Tower Sells for $750/sf
In an institutional-quality office buy in San Francisco, NY-based Blackstone Real Estate Partners has purchased 211 Main St, an 18-story, 417.3k sf tower in the city’s South Financial District. The asset was sold by Los Angel...
| San Francisco Office Tower Trades for $185 Mil
An unidentified Asian investor has purchased 150 Spear Street, a Class A, 264.5k sf office Tower in San Francisco’s South Financial District, for $185 mil, or $700/sf. The 18-story high-rise was sold by Principal Real Estate ...
| Summerhill Housing Group to Develop Nearly 1,000 Res Units in Santa Clara
We’ve learned of a major new residential development planned for Silicon Valley, as Summerhill Housing Group has announced they expect to move forward with Nuevo, a master-planned res project in Santa Clara that will be compr...
| Google Leases 166k sf of Space in Downtown San Francisco
Tech giant Google Inc agreed to a 10-year lease for 166.5k sf of space in San Francisco. The deal, slated to commence in March 2018, is at Rincon Center II, owned by Hudson Pacific Properties.
Rincon Center is comprised of ...
| 31-Acre Silicon Valley Development Opportunity Hits the Market
Shops@Terra, a partially entitled 31.2-acre commercial development opportunity in North San Jose, has been put on the market. Located on North First St and Hwy 237 in the heart of Silicon Valley, the development site offers c...
| Bay Area Res Community Sells for $828k per Unit
Mallard Pointe, a lush, 22-unit resort-like multifamily community in the northern Bay Area suburb of Belvedere, changed hands in a transaction valued at $18.2 mil. The deal works out to $828k/unit, representing the highest pe...
| Ellis Partners and Intercontinental Real Estate Purchase Oakland Property for Office Tower Project
By Allen Wolfsheimer
A venture between Ellis Partners and Intercontinental Real Estate Corporation has purchased a 22k sf parcel in the heart of downtown Oakland for development of a Class A office tower. The property, at 11...
| Daly City Site Acquired for Development of High-Density Housing
In development news out of the Bay Area, AMG Development picked up a 1.15-acre, vacant parcel located in Daly City on which they plan to construct a 206-unit, seven-story high density residential project. The site, which is l...
| San Mateo County Mixed-Use Project Lands $145 Mil in Construction Money
The Bohannon Companies has obtained $145 mil in construction financing for a mixed-use project in Menlo Park. The loan, which will be secured by an eight-story, 210k sf office building, a 1,040-space parking structure and a 4...
| TMG Partners Planning to Redevelop San Francisco Medical Property into Residential Housing
Big plans await the California Pacific Medical Center (CPMC) Sutter Health campus site in San Francisco, as TMG Partners submitted a Preliminary Project Application and Environmental Evaluation for a proposed residential proj...
| Rob Bickel Joins CBRE Capital Markets in the Bay Area
Rob Bickel has joined CBRE Capital Markets’ Corporate Capital Markets team as Executive Vice President. Based in San Francisco, Bickel will provide consulting, structuring and capital markets execution expertise to corporate ...
| Continental Partners Arranges $5.3 Mil on San Francisco Office Building
Continental Partners has arranged $5.3 mil in bridge to mini-perm financing for a 7.5k sf, value-add office building located in the financial district of downtown San Francisco. The property will be converted into multifamily...