| Multifamily Property in the East Bay Trades for Over $13 Mil
Aloha Apartments, a 47.3k sf, 70-unit multifamily property in the East Bay city of Hayward, sold for $13.175 mil, or $188k/unit. The property is located at 250 W. Jackson St, near the I-880 and I-580 freeways.
| Trion Properties Pays $26.5 Mil for 88 Res Units in Fremont
Trion Properties has acquired an 88-unit multifamily property in the Bay Area city of Fremont for $26.5 mil, or $301k/unit. This is the firm’s fifth Bay Area acquisition in less than two years, bringing its portfolio in the a...
| Overton Moore Properties Starts Work on 300k sf Spec Industrial Project in San Leandro
Overton Moore Properties has awarded the leasing assignment for Marina Gateway Industrial Center, a new development located at 2000 Marina Blvd in San Leandro, to Kevin Hatcher, SIOR, and Bob Ferraro, SIOR, with CBRE.
| San Jose Office Building Trades in $21.5 Mil Deal
Nautilus Global Investment has acquired a Class A, two-story, 84.2k sf office/R&D building in San Jose for $21.5 mil ($255sf). The building, located at 1704 Automation Pkwy, is 100% NNN leased to Quantenna Communications Inc ...
| Kairos Power Leases 56k sf in Alameda
Kairos Power LLC, an Oakland-based energy technology and engineering company, signed a new lease for 55.8k sf of space in Alameda. The deal is at West Tower 9, located at 707 West Tower Ave, west of the Webster Street Tube.
| Cushman & Wakefield Awarded Leasing and Management Assignments for Building in San Francisco’s Financial District
Madison Capital has awarded the retail leasing, office leasing and property management assignments for 150 Post Street in San Francisco to Cushman & Wakefield. The 110k sf building is located one block east of Union Square in...
| DLA Piper Renews 119k sf Palo Alto Office Space
DLA Piper has renewed the 119k sf that it currently occupies at University Circle, located at 2000 University Ave in East Palo Alto, through June 2023. The renewal, which will be effective upon the expiration of DLA Piper’s c...
| 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...