| San Francisco Office Tower Sells for $750/sf
In an institutional-quality office buy in San Francisco, NY-based Blackstone Real Estate Partners has purchased 211 Main St, an 18-story, 417.3k sf tower in the city’s South Financial District. The asset was sold by Los Angel...
| San Francisco Office Tower Trades for $185 Mil
An unidentified Asian investor has purchased 150 Spear Street, a Class A, 264.5k sf office Tower in San Francisco’s South Financial District, for $185 mil, or $700/sf. The 18-story high-rise was sold by Principal Real Estate ...
| Summerhill Housing Group to Develop Nearly 1,000 Res Units in Santa Clara
We’ve learned of a major new residential development planned for Silicon Valley, as Summerhill Housing Group has announced they expect to move forward with Nuevo, a master-planned res project in Santa Clara that will be compr...
| Google Leases 166k sf of Space in Downtown San Francisco
Tech giant Google Inc agreed to a 10-year lease for 166.5k sf of space in San Francisco. The deal, slated to commence in March 2018, is at Rincon Center II, owned by Hudson Pacific Properties.
Rincon Center is comprised of ...
| 31-Acre Silicon Valley Development Opportunity Hits the Market
Shops@Terra, a partially entitled 31.2-acre commercial development opportunity in North San Jose, has been put on the market. Located on North First St and Hwy 237 in the heart of Silicon Valley, the development site offers c...
| Bay Area Res Community Sells for $828k per Unit
Mallard Pointe, a lush, 22-unit resort-like multifamily community in the northern Bay Area suburb of Belvedere, changed hands in a transaction valued at $18.2 mil. The deal works out to $828k/unit, representing the highest pe...
| Ellis Partners and Intercontinental Real Estate Purchase Oakland Property for Office Tower Project
By Allen Wolfsheimer
A venture between Ellis Partners and Intercontinental Real Estate Corporation has purchased a 22k sf parcel in the heart of downtown Oakland for development of a Class A office tower. The property, at 11...
| Daly City Site Acquired for Development of High-Density Housing
In development news out of the Bay Area, AMG Development picked up a 1.15-acre, vacant parcel located in Daly City on which they plan to construct a 206-unit, seven-story high density residential project. The site, which is l...
| San Mateo County Mixed-Use Project Lands $145 Mil in Construction Money
The Bohannon Companies has obtained $145 mil in construction financing for a mixed-use project in Menlo Park. The loan, which will be secured by an eight-story, 210k sf office building, a 1,040-space parking structure and a 4...
| TMG Partners Planning to Redevelop San Francisco Medical Property into Residential Housing
Big plans await the California Pacific Medical Center (CPMC) Sutter Health campus site in San Francisco, as TMG Partners submitted a Preliminary Project Application and Environmental Evaluation for a proposed residential proj...
| Rob Bickel Joins CBRE Capital Markets in the Bay Area
Rob Bickel has joined CBRE Capital Markets’ Corporate Capital Markets team as Executive Vice President. Based in San Francisco, Bickel will provide consulting, structuring and capital markets execution expertise to corporate ...
| Continental Partners Arranges $5.3 Mil on San Francisco Office Building
Continental Partners has arranged $5.3 mil in bridge to mini-perm financing for a 7.5k sf, value-add office building located in the financial district of downtown San Francisco. The property will be converted into multifamily...
| Align Real Estate and Vanke Holdings USA Spend Around $100 Mil on Two San Francisco Office Properties
A joint venture of San Francisco-based Align Real Estate and Vanke Holdings USA has acquired two office buildings in San Francisco in a deal valued near $100 mil. The buildings, totaling 130k sf, are located at 657 and 667 Mi...
| PTLA Real Estate Group Lands $10.5 Mil in New Financing on Two Walnut Creek Res Properties
PTLA Real Estate Group has secured $10.525 mil on two Walnut Creek, CA apartment communities that it owns, Vista Terrace and Oak Terrace. Tom Wilson and director Chris Gandy with HFF arranged the two separate transactions thr...
| Hines Begins Work on Oakland Res Project
Hines has started construction on MacArthur Commons, a new multifamily development located in Oakland's Temescal district. The development represents Hines' first for-rent residential project in the Oakland area.
| BroadSoft Leases 33k sf of Office Space at Santana Row
Here’s the latest news from Federal Realty Investment Trust’s Santana Row mixed-use/office campus in San Jose. Santana Row amenities encompasses 50 shops, 30 restaurants, a 215-room boutique hotel offering extensive full serv...
| Two Historic Apartment Properties in San Francisco’s Pacific Heights Fetch $62 Mil
Two luxury apartment buildings with a combined 88 units in San Francisco’s upscale Pacific Heights neighborhood sold for $62 mil, or an average of just over $700k per unit, to separate buyers. In these deals, a 38-unit buildi...
| Whole Foods Inks 52k sf Anchor Lease at Sunnyvale Retail Project
Whole Foods Market has signed a lease for a 52k sf grocery store in the heart of downtown Sunnyvale. The street-level store will anchor a retail project on the site of a mixed-use complex formerly known as Sunnyvale Town Cent...
| Tristar Capital Buys 350k sf, Silicon Valley Office Asset Leased to Apple
Tristar Capital has acquired Crossroads III, an office property located at 410, 420, and 430 N. Mary Ave in Sunnyvale. The purchase was financed with a $232.56 mil loan provided by Natixis.
The acquisition consists of three...
| Anvil Development Acquires Four Acres in Santa Rosa for Skilled Nursing Development
Anvil Development LLC has acquired just over four acres of undeveloped land spanning four parcels in the San Francisco Bay Area for nearly $1.45 mil. The buyer intends to develop a 37k sf skilled nursing facility that will in...