| Solar Mosaic Leases 30k sf Within Oakland’s Kaiser Center Complex
Solar Mosaic has signed a long-term lease for 30k sf at 300 Lakeside Dr in Oakland. Terms of the lease were not disclosed.
The firm’s new space is on the 24th floor of the building, a 28-story tower within the Kaiser Center ...
| Work About to Start on New Livermore Retail Center
Construction on The Shops at Livermore, a 115k sf mixed-use retail development located in the East Bay city of Livermore, is expected to get underway by the end of this month. The project, a development of RedMill Capital and...
| Sares Regis Group of Northern California Starts Work on South San Francisco Res Project
Sares Regis Group of Northern California (SRGNC) has broken ground on Cadence, a 260-unit, luxury apartment development in South San Francisco. The 225k sf project, situated on just under two acres over two blocks at 398, 400...
| Retail Space in San Francisco’s Mid-Market Area Goes for Nearly $1,400/sf
A foreign investor purchased two retail condominiums totaling 3.1k sf in San Francisco’s revitalized Mid-Market corridor for $4.3 mil. The transaction works out to a cap rate of 3.75% and a price of $1,387/sf, which we’re tol...
| Investor Pays Over $12 Mil for Two NoCal Multifamily Properties in Fairfield
Coco Palms and The Orient Apartments, two low-rise, garden communities totaling 125 units in the NoCal city of Fairfield, have sold for $12.2 mil ($97.6k/unit). The properties were acquired by Riaz Capital, a multifamily inve...
| SummerHill Apartment Communities Wrapping Up Work on New Santa Clara Community
Villas on the Boulevard, a new 186-unit luxury residential rental community in Santa Clara, is about to be completed. The project, located at at 2615 East El Camino Real, is a development of SummerHill Apartment Communities.
| Recent Signing Brings San Francisco Office Tower to 100% Leased
San Francisco’s One Sansome Street is now 100% leased after the most recent signing in which the State of California’s Department of Corporations took 5.4k sf of recently re-purposed space at the tower. There are now 54 diffe...
| Swift Real Estate Partners Closes $152 Mil Refi on Bay Area Office Campus
Swift Real Estate Partners has refinanced its Rosewood Commons office property with a $152 mil loan arranged by CBRE Capital Markets’ Debt & Structured Finance and funded through a domestic bank. Rosewood Commons is a five-bu...
| Class A Office Asset in San Francisco’s Jackson Square Fetches $882/sf
A 17k sf, Class A office building in San Francisco sold for $15 mil, or $882/sf. The property is located at 499 Jackson St, in the heart of the city’s historic Jackson Square.
The ‘Jewel Box’ building is 92% leased to six hi...
| Buchanan Street Partners Closes $32 Mil Silicon Valley Office Buy
Buchanan Street Partners purchased the Bayland Building, a 116k sf office project located nearby Levi’s Stadium in Santa Clara, for $32.3 mil, or $278/sf. The building, located at 2953 Bunker Hill Lane, north of US Hwy 101 an...
| Older Res Property in San Francisco’s Mission District Sells for $300k/Unit
A 28-unit multifamily property in San Francisco’s Mission District sold for $8.5 mil ($304k/unit). The property, located at 901 Valencia St, just west of US Hwy 101 and the San Francisco Bay, includes ground-floor retail spa...
| Continental Partners Arranges $38.5 Mil on San Leandro Res Community
Continental Partners arranged $38.5 mil in financing on Bel Brook and Hideaway Apartments, a 146-unit multifamily property in the San Leandro submarket of the East Bay. The financing consists of a $31 mil bridge loan, as well...
| Walnut Creek Office Complex Trades in $90 Mil Deal
PCCP LLC and Align Real Estate have purchased Walnut Creek Center, a 236.1k sf, Class A office project situated adjacent to the Walnut Creek BART station in Walnut Creek. The asset, originally constructed in 1983, was sold by...
| Lane Partners Obtains New Financing to Reposition 236k sf Oakland Office Building
Lane Partners has landed $70 mil in balance sheet financing for 2150 Webster Street, a 10-story, 236k sf office building located in the heart of Oakland’s flourishing Uptown district. The building is currently 100% vacant, al...
| DivcoWest Closes $73 Mil Office Buy in San Mateo
DivcoWest has purchased an 88k sf office property in downtown San Mateo in a deal said to be worth around $73 mil, or over $800/sf. The Class A building is located at 101 S. Ellsworth, just one block from downtown San Mateo’s...
| Oracle Inks Oakland Office Lease
Oracle has signed a six-year lease for approximately 16k sf at 1330 Broadway in Oakland. Oracle will be located on the 17th floor of the 18-story, 313k sf office building in the city’s downtown area.
Oracle’s decision to le...
| Financial Technology Firm Leases 86k sf at San Francisco Office Tower
Affirm agreed to an eight-year lease for 86.2k sf office space in San Francisco. The financial technology firm’s new space is at 650 California Street, a 33-story, 477k sf high-rise in the city’s Financial District owned by C...
| Monterey Hotel Property Trades for $161k/Room
A local private investor has purchased Stargazer Inn & Suites, a 52-room boutique hotel in Monterey, for $8.4 mil, or $161.5k/room. It was sold by Monterey Signature Hotels.
Located at 1046 Munras Ave, the Stargazer Inn & Su...
| Trion Properties Teams with NY-Based DVO Real Estate in $36 Mil Value-Add Res Buy in the East Bay
Trion Properties and joint-venture partner DVO Real Estate, out of New York, teamed up in the recent $36.6 mil acquisition of Bel Brook and Hideaway Apartments, a 146-unit ($251k/unit), value-add multifamily property in the E...
| CBRE Opens New Oakland Office
CBRE Group has opened a new office in Oakland, in the core of the city’s downtown CBD. The space, on the 18th floor of 1111 Broadway, is part of CBRE’s global “Workplace360” initiative, the company’s leading-edge approach to ...