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October 21, 2020
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• San Francisco Planning Commission Approves Mixed-Use Project by Trammell Crow Residential in City’s SoMa District
A planned mixed-use residential development by Trammell Crow Residential (TCR) in San Francisco’s SoMa district was just approved by the city’s planning commission. The new $95 mil development, slated to consist of 127 apart...
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• Private Investor Spends Over $21 Mil on NoCal Industrial Asset
A private investor paid $21.5 mil for a 417.6k sf industrial property in Lathrop, CA. The property is located on 34.6 acres at 17100 South Harlan Rd, in the center of San Joaquin County, 60 miles east of the Port of Oakland. ...
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• Lane Partners Spends Over $15 Mil on East Bay Office Asset
Lane Partners has acquired Station Plaza, a three-story, 49.5k sf office building in the East Bay city of Walnut Creek. The property, located at 3100 Oak Rd, is part of the award-winning 2.4 msf Contra Costa Transit Village t...
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• Recent Activity Brings East Bay Office Complex to 98% Occupied
Recent leasing activity totaling 30k sf at Walnut Creek Center has brought the two-building, 257k sf, Class A office property in Walnut Creek to 98% occupancy. The property is owned by a joint venture between Align Real Est...
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• Preylock Real Estate Holdings Spends $240 Mil on NNN-Leased Biz Campus in Silicon Valley
Preylock Real Estate Holdings has acquired a seven-building, 626k sf NNN-leased office/R&D campus in Santa Clara from DivcoWest in a $240 mil deal. The property is leased to Nvidia and Huawei's U.S. R&D subsidiary, Futurewei....
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• Kennedy Wilson Completes $304 Mil in Sales
Global real estate investment company Kennedy Wilson (KW) recently collected $304 mil from the sales of two assets, one of which was a 615-unit apartment community in Alameda called Summer House. That property sold for $231 m...
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• Lift Real Estate Partners and Westbrook Partners Buy 438k sf Williams Industrial Park in San Leandro
Lift Real Estate Partners and Westbrook Partners have teamed up in the recent purchase of Williams Industrial Park, a 438.3k sf biz park in San Leandro. Although the actual price was not disclosed, from what we hear the deal ...
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• San Francisco’s Salesforce Tower Nearing Completion
By Allen Wolfsheimer Salesforce Tower, the 61-story, 1.4 msf office skyscraper being developed adjacent to the new Transbay Transit Center in San Francisco by Hines and Boston Properties, is nearing completion. The $1.1 bil ...
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• Calvera Partners Picks Up 20-Unit Res Asset in Mountain View
Calvera Partners has acquired Monroe Villa, a 20-unit vintage apartment building in Mountain View, in a recent $7.26 mil ($363k/unit) transaction. The property, located at 565 Escuela Ave, represents Calvera’s eleventh acquis...
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• EverWest Real Estate Partners and Black Salmon Team Up in $33 Mil Bay Area Office Buy
A venture between EverWest Real Estate Partners and Miami-based Black Salmon has entered the Bay Area office investment market with the purchase of The Offices at Public Market, a 109.2k sf, Class A office and retail property...
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• Trimark Commercial Real Estate Joins Sperry Commercial Global Affiliates in the Bay Area
Walnut Creek-based Trimark Commercial Real Estate has joined Sperry Commercial Global Affiliates as the latest franchise office in the Bay Area. Trimark Commercial Real Estate is under the direction of Mark Hinkins CCIM, FRI...
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• Corbion Leases 32k sf in South San Francisco
Corbion, a leading food and biochemical ingredients company, agreed to a 51-month lease for 32.4k sf of space in South San Francisco. The space is within Genesis, a Class A, two-building high-rise life science R&D/office cam...
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• JB Matteson Inc Completes Bay Area Res buy
JB Matteson Inc purchased Tralee Village Apartments, a 130-unit luxury apartment community in the Bay Area city of Dublin. Although the price was not disclosed, industry sources estimate a value of around $55 mil ($423k/unit)...
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• New Silicon Valley Res Project is Finished
Sares Regis Group of Northern California (SRGNC) has completed development of 6tenEAST, a new luxury apartment community in Sunnyvale. The four-story, 205-residence community, featuring a wide variety of well-designed floor p...
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• CBRE Acquires Custom Spaces
CBRE Group Inc recently acquired the business of Custom Spaces, a San Francisco-based, technology-focused boutique real estate brokerage firm that advises leading technology companies such as Airbnb, Cruise Automation, Medium...
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• Work Started on Spec Industrial Project in the East Bay
Construction is underway on San Leandro Business Center, a new speculative industrial project that sits on a 30.6-acre site located along the I-880 corridor in the East Bay. The project, a development of Trammell Crow Company...
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• Santa Rosa Manufactured Home Community Refinanced with $13.7 Mil Freddie Mac Loan
An OC-based private investor has obtained $13.7 mil in permanent refinancing for Mountain View Mobile Estates, a 109-site manufactured home community in Santa Rosa. The property is located at 2860 Santa Rosa Ave, just east of...
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• $64 Mil Affordable Housing Project Breaks Ground in Emeryville
EAH Housing and the City of Emeryville have broken ground on Estrella Vista, a new, 86-unit transit-oriented mixed-use residential development at 3706 San Pablo Ave in the downtown area of Emeryville, in the East Bay. The $64...
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• Therm-X Leases 69k sf of Lab/R&D Space in Hayward
Therm-X signed a long-term lease for 68.8k sf of laboratory/R&D, industrial and office space in Hayward. The space is at 3323 Investment Blvd, at the base of the San Mateo Bridge and directly across the street from their Head...
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• 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. Aloha Apartmen...
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