| 1960s Concord Multifamily Property Sold in $3.75 Mil Deal
Woodstone Apartments, a 20-unit multifamily property in the East Bay city of Concord, was purchased by an unnamed investor for $3.75 mil, or $187.5k/unit. The property is located at 4819 Clayton Rd, south of Hwy 4 and east of...
| Mesa West Capital Arranges $64 Mil in Two CA Financing Deals
Here’s a quick look at two separate, short-term financing deals in CA totaling $63.8 mil. The transactions, both arranged by Mesa West Capital, are from both ends of the state, in Walnut Creek and San Diego.
In Walnut Creek,...
| Work Started on First Tower of Oceanwide Holding’s 2.4 msf Mixed-Use Project in San Francisco’s Transbay Terminal Area
Work is underway on the First Street Tower at Oceanwide Center, a 2.4 msf, mixed-use development located at the corner of Mission and First Streets in San Francisco, less than one block from the Transbay Terminal. The project...
| Long Market Property Partners Invests Over $8 Mil in the East Bay Office Market
Long Market Property Partners closed on a Bay Area office buy, paying $8.45 mil for the Vintage Office Building, a three-story, 27.1k sf ($312/sf) building in the East Bay city of Orinda. The building is located at 25 Orinda ...
| Vanbarton Group Buys Retail Building in San Francisco’s Union Square
Vanbarton Group, in a venture with one of its U.S. pension fund partners, purchased a fully occupied, 12.3k sf retail property in San Francisco’s Union Square area. The acquisition was financed with $16 mil in first mortgage ...
| Bay Area Senior Living Facility Purchased with $30 Mil in Acquisition Financing
Elder Care Alliance has acquired The Villa at San Mateo, a 135-unit independent living senior apartment and mixed-use community in San Mateo.The purchase was financed with a $30.4 mil loan arranged by CBRE Capital Markets’ De...
| Verizon Renews San Francisco Space for Its Innovation Center
Verizon agreed to a five-year renewal for 42k sf of office space at Spear Street Terrace, a Class A office tower in the heart of San Francisco’s South Financial District. The space is used for Verizon’s “Innovation Center,” w...
| First Building Completed at New 300k sf San Mateo Office Complex
Hines and Pearlmark have completed construction on one of the buildings at 400|450 Concar, a new Class A office complex totaling 305k sf on 3.3 acres in San Mateo. The 96k sf, four-story 400 Concar is now complete and availab...
| Palo Alto Office Building Undergoes $4 Mil Repositioning
Meridian recently completed the $4 mil repositioning of a 12.5k sf, single-tenant office building located in Palo Alto, on behalf of a client. The building is located at 2626 Hanover St, within the Stanford Research Park.
| Meridian Capital Group Arranges $28 Mil on Retail Condo Asset in San Francisco’s Union Square
Meridian Capital Group arranged $28.5 mil in CMBS refi money on a 12.7k sf, retail condo in downtown San Francisco. The asset, located at 166 Geary St, includes such tenants as Jimmy Choo, Suit Supply and La Perla.
| Oakland Apartment Building Sold as Value-Add Opportunity
The Davis-Coit apartments, a 117-unit multifamily complex in Oakland, sold for $8 mil ($68.4k/unit) in a recent transaction. The property is located at 1445 Harrison Ave, a couple of blocks west of Lake Merritt.
| Bay Area Office Building Sells in $29 Mil End of Year Deal
Meridian has acquired 1000 Marina, a six-story, 105k sf office building in the Bay Area city of Brisbane, for $29 mil, or $276/sf. The building was 90% leased at the time of sale.
The property, situated just east of Bayshor...
| Kennedy Wilson and Takenaka Corporation Spend $135 Mil on San Francisco Office Property
A joint venture between Kennedy Wilson and Takenaka Corporation has acquired an office/retail property in San Francsico’s North Financial District for $135 mil. The property, 400/430 California Street, consists of a 247k sf. ...
| Berkeley Office Building Sells in $22 Mil Deal
Lionstone Investments has purchased a 49.4k sf office building in Berkeley in a recent transaction said to be worth just over $22 mil, or around $450/sf. The majority of the building, or about 42k sf, is occupied by anchor te...
| Biotech Firms Ink Deals for 25k sf at Silicon Valley Lab Campus
Refuge Biotechnologies Inc and AccuraGen Inc recently executed leases totaling 25k sf at Tarlton Properties’ (TPI) Menlo Park Labs (MPL). Refuge Biotechnologies has leased 17.2k sf at 1505 Adams Dr and AccuraGen is expanding ...
| James Kaye, Jay Gomez and Lindsey Snider Join CBRE Capital Markets in Northern California
James Kaye, Jay Gomez and Lindsey Snider have joined CBRE Capital Markets, specializing in retail investment sales in Northern California. Based in St. Jose, Kaye and Gomez join as senior vice presidents, and Snider joins as ...
| TruAmerica Multifamily Collects $275 Mil from Sale of Four Res Assets
TruAmerica Multifamily has collected $275 mil from the sales of four apartment communities located in the Seattle and San Francisco Bay Area markets. These deals capped an active fourth quarter in which the Los Angeles-based ...
| East Palo Alto Affordable Housing Project Lands $220 Mil Freddie Mac Credit Facility
Greystone has provided a $220.8 mil Freddie Mac credit facility to Woodland Park Property Owner LLC. Woodland Park is a 1,808-unit affordable housing project located in East Palo Alto.
Woodland Park consists of 118 individu...
| American Realty Advisors Acquires Class A Office Property in San Francisco’s Transbay District
In a major San Francisco office investment deal, American Realty Advisors has purchased Foundry Square III, a Class A, 291k sf trophy office asset located in the heart of the city’s highly sought-after and amenity-rich Transb...
| Work Begins on Luxury Condo Project in Downtown Mountain View
Regis Homes Bay Area has begun construction on 1101 West, a luxury condominium community located at 1101 West El Camino Real in downtown Mountain View. The developer, in partnership with Tricon Capital, is constructing a fou...