| Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
| California Capital & Investment Group Spends $38.5 Mil on Bay Area Office Building
California Capital & Investment Group has acquired The Terraces in Pleasant Hill, a six-story, 134.8k sf office property in Pleasant Hill, for $38.5 mil ($286/sf). The property was sold by Eagle Canyon Capital.
Located at 23...
| Two East Bay Sales Total $42.75 Mil
We’ve got two recent sales transactions from the East Bay to share, one for a self-storage facility in Fremont and the other for a multifamily community in Hayward. The deals totaled $42.75 mil and were brokered by Adam Levin...
| Commercial Financing Briefs
GANTRY - Mark Ritchie, Mike Wood and Alex Saunders with Gantry secured a $35.45 mil, fixed-rate, permanent loan to refinance a single tenant, five-story, 200k sf office building located at 1601 Lind Ave SW in the Seattle subu...
| San Jose Multifamily Development Lands $345 Refi Loan
Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
| Novin Development Corporation Acquires 71-Unit Res Community in the Bay Area
Novin Development Corporation (NDC) acquired The Post, a 71-unit apartment community in the NoCal city of Pleasant Hill, for $23.15 mil ($326k/unit). The 40.8k sf apartment community acquisition was made possible through the ...
| Cogir-Led Venture Buys NoCal Assisted Living Facility
A joint venture between Cogir and a national investment partner spent $39.2 mil for Cortona Park, an assisted living community in Brentwood. Cogir will operate the community and has renamed it Cogir of Brentwood.
| TireHub Leases New Oakland Industrial Facility
TireHub, a national tire distributor cofounded by The Goodyear Tire & Rubber Company and Bridgestone Americas Inc, has pre-leased Prologis Park, a newly constructed, 58.5k sf industrial facility in Oakland. The facility is si...
| Cannae Partners Buys 128k sf Milpitas R&D Property
A partnership controlled by San Francisco-based Cannae Partners purchased a freestanding, 127.6k sf R&D property in Milpitas for $32.8 mil ($257/sf). The property, located at 275 S. Hillview, was sold by Analog Devices Inc, w...
| Ridge Capital Investors & Westbrook Partners Purchase Silicon Valley Industrial Facility for $45 Mil
A joint venture between Ridge Capital Investors & Westbrook Partners has acquired a 258.1k sf, Class A industrial facility in Silicon Valley for $45 mil, or $174/sf. The structure, located on 14.7 acres at 755 Jarvis Drive wi...
| Bay Area Retail Center Gets New Owner in $20 Mil Sale
Village Shopping Center, a 67.2k sf, two-story retail center in Danville, CA, sold for $20.4 mil, or $303/sf. The buyer was Blake Griggs Properties LLC.
Built in 1977, Village Shopping Center is occupied by 32 tenants, rangi...
| Office/Retail Building on Market Street in San Francisco Listed for Sale
A six-story plus basement, 50.9k sf office and retail building located on San Francisco’s Market Street has been put on the market. The property, 1049 Market, offers the buyer one of the first office-to-residential conversion...
| Investors Trade 27-Unit Apartment Building in the East Bay
The Point apartments, a multifamily apartment building in Point Richmond, CA, was acquired by a private investor for $14.97 mil. The 28.5k sf property, located at 401-403 South Garrard Blvd, 13 miles northwest of downtown Oak...
| Invesco Closes on 410k sf NoCal Industrial Pick-Up
In a notable NoCal industrial acquisition, Invesco purchased Butterfield 5 Technology Park, a five-building, 410k sf Class A industrial park in Morgan Hill. The property, just completed in 2022, was sold by Trammell Crow Comp...
| Historic Ford Point R&D Campus in Richmond Sells in $104 Mil Deal
Ford Point, a historic 478.8k sf, high-end creative R&D asset in Richmond, CA, was acquired by New York-based Madison Capital and Meadow Partners in a $103.7 mil ($217/sf) transaction. The landmark waterfront property was sol...
| San Leandro Office Campus Trades
Creekside Plaza Office Park, a three building, 227.8k sf Class A multi-tenant office campus plus a development site in San Leandro, was acquired by an unnamed institutional investor. The price was not given out.
Built in pha...
| Commonwealth Partners Acquires 719k sf Silicon Valley Office Campus
Commonwealth Partners purchased a four-building, 719k sf office campus in Sunnyvale’s Moffett Park neighborhood in a deal valued said to be worth over $700 mil. The campus, fully leased to Meta, was sold by Tishman Speyer.
| New Res Project in San Francisco’s Portrero Hill Neighborhood is Completed
A new 127-unit res development in San Francisco’s Potrero Hill neighborhood has opened to the public. The project, 88 at the Park, is located at 88 Arkansas St, at the corners of 17th and Arkansas Streets.
Built by First Cit...
| Work Started on 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
The Mission Rock Partners development team, a collaboration of the San Francisco Giants and Tishman Speyer, have begun construction on Parcel F, a 23-story multi-family residential tower in San Francisco’s Mission Rock neighb...
| North Palisade Partners Buys 2.24-Acre Bay Area Industrial Asset
North Palisade Partners has acquired Palisade Whitney Logistics Yard, a 2.24-acre industrial outdoor storage / multi-use yard in Fremont, CA, for roughly $8 mil.
Located at 300 Whitney Place, the industrial infill site wit...