| 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...
| Renovated Palo Alto Affordable Housing Project is Unveiled
Colorado Park Apartments, an affordable residential rental community developed by Palo Alto Housing (PAH), is celebrating a grand re-opening, after undergoing a major renovation program. Colorado Park Apartments is a seven-bu...
| Oakland Apartment Property Sells for $4.7 Mil
A four-building, 20-unit apartment community in Oakland’s Piedmont Avenue neighborhood sold for $4.675 mil, or $234k/unit. The property is located at 4114-4134 Howe Street.
The seller, Howe Street Properties LLC, had complet...
| Presidio Companies Obtains $62 Mil Financing on Las Alcobas Napa Valley Hotel
Presidio Companies has landed $62 mil in financing for Las Alcobas Napa Valley, a unique, 68-room luxury hotel in St. Helena. The property is at 1915 Main St, in an irreplaceable location immediately fronting the 200-acre Ber...
| Repositioned Sunnyvale Res Community Sells for $424k/Unit
A 37-unit multifamily property in Sunnyvale traded hands in a recent $15.7 mil ($424k/unit) transaction. The property, called “pksl,” was purchased by a Bay Area-based private partnership. It is located at 1090 Sunnyvale Sara...
| San Mateo Res Property Traded in $22 Mil Deal
The Marq at Shoreview Apartments, a 70-unit multifamily development in San Mateo, was acquired by a private investment entity based in Fullerton in a recent $22.1 mil ($316k/unit) deal. The property was sold by Montgomery Par...
| San Francisco Office Experts Discuss the State of the Market at RENTV's Conference
By Steve Bloom
On July 20th, 2017, RENTV held its Downtown San Francisco State of the Market Conference, in conjunction with leading real estate information provider CoStar. The event, held at CoStar’s spectacular auditorium...
| Blackpoint Management Buys Res Development Site in Rohnert Park
Blackpoint Management purchased a 98.4k sf multifamily development site in Rohnert Park for $3.6 mil. The planned project received site plan and design review approval from the city of Rohnert Park in March 2017.
| Affirmed Housing Group Buys Vacant Development Site in Oakland
Affirmed Housing Group Inc purchased a vacant land development site entitled for a 43-unit mixed-use project in Oakland for $3.49 mil. The City of Oakland has approved 41 residential units and two commercial units at the 12.1...
| Foods Supplier Buys 75k sf Industrial Property in the East Bay
A 75.4k sf, industrial warehouse property in San Leandro sold for $12.5 mil ($166/sf). The property, located at 2300 Polvorosa Ave, was acquired by 4 FACEB Investment LLC, who owns ASA Trading Inc, the lead supplier of food r...
| Innovative San Francisco Multifamily Developers Discuss the Market at RENTV's July 20 Conference
On July 20th, RENTV held its Downtown San Francisco State of the Market Conference, in conjunction with CoStar, and one of the hot topics of the day was multifamily development. The event, held at CoStar's spectacular auditor...
| James Investment Partners Spends $21 Mil on Multifamily Property in the East Bay
Encino-based James Investment Partners paid $21.1 mil for The Terraces, a 72-unit ($293k/unit), condominium-quality development in the East Bay community of El Sobrante. The asset was sold by an affiliate of Abacus Capital Gr...
| InfiniPower Hospitality Group to Build Two Hotels Totaling 261 Rooms in North San Jose
InfiniPower Hospitality Group has obtained $54 mil in construction financing for the development of two four-story, co-branded Marriott hotels in North San Jose. The properties will consist of a 147-room Marriott Residence In...
| Hilltop Mall in Richmond Acquired by LBG Real Estate Companies and Aviva Investors
LBG Real Estate Companies and Aviva Investors have acquired Hilltop Mall, a 1.1 msf regional mall in the East Bay city of Richmond. The price was not disclosed.
The property, located at 2200 Hilltop Mall Rd, was originally d...