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October 21, 2020
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BAY AREA NEWS
Archive
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• HighBridge Properties Lands $25 Mil in Financing for Oakland Office Buy
12/08/16
HighBridge Properties has secured $25 mil in financing on 1500 Broadway, a 90k sf office property in Oakland. The four-story building is located at the corner of Broadway and 15th St. The building was acquired by HighBridge...
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• Kennedy Wilson Wraps Up $363 Mil in Multifamily Transactions
12/05/16
Kennedy Wilson recently completed a series of separate multifamily transactions totaling $363 mil. These included: the acquisition of Alara Hedges Creek, a 408-unit apartment community built in 1998 in a suburb of Portland, O...
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• Upscale Sunnyvale Res Project Completed
12/05/16
SummerHill Apartment Communities has completed 481 on Mathilda, a new 105-unit luxury residential rental community in downtown Sunnyvale. The project is located at 481 South Mathilda, between Olive and Iowa streets. The comm...
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• Oakland Apartment Property Sells for Record $440k/Unit
12/01/16
Taijirian Investments LLC paid $11 mil for a 25-unit multifamily investment property in Oakland. The transaction works out to approximately $727/sf and $440k/unit, in a deal we’re told represents the highest price per square ...
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• Pacific Castle Completes Two Property Acquisitions and One Sale in Deals Totaling About $50 Mil
11/29/16
Pacific Castle recently completed three CA transactions totaling more than $50 mil. The deals consisted of two acquisitions and one disposition. In one of the acquisitions, Pacific Castle purchased Prune Tree Shopping Center...
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• Morgan Hill Approves Mixed-Use Project in City’s Downtown Area
11/29/16
The city of Morgan Hill’s planning commission has approved plans for a new three-story, 10k sf mixed-use project in the heart of the city’s downtown. The project, to be named The Edes Building, is being developed by local res...
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• Pleasant Hill Apartment Property Changes Hands
11/29/16
A local investment group has purchased The Creekside at Pleasant Hill, a 71-unit, fully renovated apartment building in Pleasant Hill. It had been repositioned and sold by Riaz Capital, a Bay Area real estate developer and in...
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• Palo Alto Office Building Financed with New $28 Mil Loan
11/28/16
A joint venture of Sand Hill Property Company has landed new financing of $28.3 mil on a 71.4k sf office building in Palo Alto’s Stanford Research Park. Located at 950 Page Mill Rd, the property serves as the California offic...
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• CBRE Arranges $60 Mil for Upscale Retail Project in Silicon Valley
11/23/16
CBRE Capital Markets’ Debt & Structured Finance team has arranged $60 mil in financing for a 127k sf retail component within Main Street Cupertino, a state-of-the-art, mixed-use development located in Cupertino, CA. The borro...
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• First Phase Completed at Napa Logistics Park
11/23/16
DivcoWest and Orchard Partners have completed construction on the first phase of Napa Logistics Park, a five-building, 2.9 msf warehouse/distribution park in Napa. Ware Malcomb provided master planning, architectural design a...
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• Kenson Ventures to Start Work on 30k sf Office Project in Palo Alto
11/22/16
Kenson Ventures is about to break ground on a 30k sf office project in Palo Alto’s California Avenue district. Construction of the state-of-the-art, LEED-certified development is slated to start this month with completion pla...
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• HCP Preparing to Start Work on Third Phase of South San Francisco Life Science Campus
11/18/16
HCP is readying to break ground on an additional two buildings constituting the third phase of The Cove at Oyster Point (“The Cove”), its newest life science development located in the epicenter of South San Francisco’s life ...
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• Spec Manufacturing Project in San Jose has Been Completed
11/16/16
Construction has been completed on MidPoint@237, a three-building, 563k sf Class A advanced manufacturing project in San Jose. The spec development, being built by Trammell Crow Company and Principal Real Estate Investors, is...
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• San Francisco the Top Tech Job Growth Market in the Country
11/11/16
With a 47 percent growth rate from 2013 to 2015, San Francisco created more than 22,000 high-tech jobs and was the top tech growth market on CBRE’s annual Tech-Thirty report. Silicon Valley ranked first for total new high-tec...
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• Mountain View Affordable Housing Project Breaks Ground
11/09/16
ROEM Development Corporation has broken ground on Evelyn Family Apartments, a 116-unit, affordable multifamily community in Mountain View. The development covers 1.93 acres on the southwest corner at the intersection of East...
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• Bay Area Multifamily Property Traded in $14.3 Mil Deal
11/02/16
A San Francisco-based private investment group purchased Solaris Apartments, a 68-unit multifamily community in Hayward, for $14.29 mil, or $209.8k/unit. The property is located at 24661 Amador St, south of Winton St, between...
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• First 100% Affordable Housing Project in the San Francisco Shipyard Opens to the Public
10/24/16
Pacific Pointe, the first 100% affordable housing development in the San Francisco Shipyard, has officially opened to the public. The 60-unit project is a development of Young Community Developers, a non-profit that serves th...
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• Qualys Leases 73k sf of Office Space in Foster City
10/24/16
Qualys has signed a lease for 75k sf of office space at Metro Center, a 73.2k sf office and retail complex in Foster City. Qualys’ deal is for two full floors at the 919 Hillsdale Dr building. Qualys is a leading provider of...
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• Newly Built Res Community in Redwood City Financed with $51 Mil Fannie Mae Loan
10/21/16
Acclaim Companies Inc has secured $51.1 mil in financing on Locale Apartments, a newly-built Class A+ rental community in Redwood City. Completed in 2016, the development offers 133 luxuriously-appointed units consisting of ...
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• Bay Area Single-Tenant Asset Trades in Zero Cash Flow Deal
10/19/16
Barchester Corp paid $7.75 mil for a free-standing 14.5k sf ($534/sf) single-tenant retail property in Daly City, just south of San Francisco, as part of a 1031 exchange. The property is occupied by CVS Pharmacy, which has 23...
more » 



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