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• San Mateo Retail Property Trades for $31.5 Mil
4/26/19
Borel Square Shopping Center, a 96.7k sf neighborhood shopping center in San Mateo, sold for $31.5 mil ($326/sf). The single-story retail property is anchored by CVS and 24 Hour Fitness and is 97.6% percent leased overall.
...
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• Indeed Leases 37k sf in Foster City
4/24/19
Indeed signed a lease for 37.1k sf of office space at Parkside Towers in Foster City. Indeed, an online employment search engine company, is set to occupy the eighth floor of the East tower in January 2020.
Located at 1001 a...
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• New Bay Area Office Development Lands $515 Mil in Financing
4/24/19
Kylli Inc has obtained $515 mil in financing for Burlingame Point, a brand new, state-of-the-art 803k sf office campus in the Bay Area city of Burlingame. The construction financing was provided by J. P. Morgan and Starwood P...
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• Reliant Group Closes $116 Mil NoCal Res Portfolio Buy
4/18/19
San Francisco-based Reliant Group Management purchased a portfolio of seven apartment communities, located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward, for $116 mil. The portfolio contains 603 apartm...
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• Affordable Housing Project Breaks Ground in Redwood City
4/17/19
An affordable residential rental development, 2821 ECR Apartments, has just broken ground. The project is being developed by Palo Alto Housing (PAH) in the North Fair Oaks neighborhood of San Mateo County.
Plans call for 67...
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• San Francisco Office Market Continues Strong in 2019
4/16/19
This report was provided to us by real estate services firm Kidder Mathews; prepared Jerry Holdner, Director of Research
San Francisco Office 1st Quarter 2019
The office market in San Francisco kicked off 2019 with over 770...
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• San Jose Multifamily Property Trades for $350k/Unit
4/11/19
Delano Apartments, a fully upgraded 35-unit multifamily community in San Jose, sold for $10 mil, or $350k/unit. Located at 272-280 La Pala Dr, the property is in close proximity to major employers, transportation corridors, s...
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• Chartres Lodging Group Buys NoCal Resort Property
4/10/19
Hotel investment company Chartres Lodging Group has acquired Dr. Wilkinson’s Hot Springs Resort, a 42-room lodging and wellness establishment in Calistoga, in NoCal’s Napa Valley. The price was not disclosed.
The property is...
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• CDK Global Takes 76k sf of Renovated Office Space in San Jose
4/09/19
CDK Global has agreed to a lease for 76.4k sf of office space in San Jose. The space is at 250 Holger Way, within District 237, a newly renovated Class A office park comprised of five buildings totaling 415k sf. Terms of the ...
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• Alexandria Real Estate Equities Makes $66 Mil Office Buy in San Francisco
4/04/19
Alexandria Real Estate Equities, out of Pasadena, has acquired a 66.7k sf office building in San Francisco in a $66 mil ($990/sf) transaction. The property is located at at 260 Townshend St, less than a block away from the Ki...
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• Developer Spends $20 Mil on 3.26-Acre Development Parcel in Santa Clara County
3/29/19
A local developer paid $20 mil for a 3.26-acre land parcel in Santa Clara County, on which the buyer plans to construct a townhome community. The land parcel is currently occupied by 54 vacant mobile home units and is entitle...
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• Bridge Housing Secures $16 Mil in Financing for Bay Area Affordable Housing Development
3/29/19
Bridge Housing has locked in a $15.96 mil forward commitment for the permanent financing of Bay Meadows Apartments, a 68-unit affordable housing community located in San Mateo. The property will be developed using 9% Low-Inco...
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• WeWork Takes Five Floors in 110-Year-Old San Francisco Building
3/27/19
WeWork has agreed to a 10-year, $10 mil lease for five full floors totaling 12k sf ($6.94/sf/mo) of space at the historic Whitell Building in San Francisco. The 50k sf office tower is located at 166 Geary St, overlooking Unio...
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• PCCP Provides $14.7 Mil in Preferred Equity for Silicon Valley Res Development
3/27/19
Bay West Development and Lane Partners have teamed up with PCCP LLC, who will provide $14.7 mil of preferred equity for the development of a 75-unit, Class A, multifamily community located at 311 S. Mathilda Ave in Sunnyvale....
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• Reliant Group Management Spends $116 Mil on Bay Area Res Portfolio
3/15/19
San Francisco based Reliant Group Management has acquired a multifamily portfolio consisting of seven properties in six Bay Area cities, for $116 mil. The purchase totals 603 apartment units ($192.4k/unit) with a combined 478...
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• Invesco Real Estate and TMG Partners Buy 118k sf Creative Office Building in San Francisco’s Jackson Square
3/13/19
Invesco Real Estate and TMG Partners acquired 600 Battery Street, a Class A, 118k sf creative office building in San Francisco’s Jackson Square submarket. Orignally constructed in 1938, the building was fully renovated in 200...
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• Santa Clara Office Project Funded with $92 Mil in Construction Money
3/12/19
Bayview Development Group has secured $91.7 mil in financing for the development of Lawrence Station, a five-story, Class A spec office project in Santa Clara. The construction loan was arranged by HFF and funded through Broa...
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• Vacant Building in San Jose’s Golden Triangle Sells for $280/sf
3/11/19
A vacant, 67.7k sf R&D/flex office building in San Jose sold for $19 mil ($280/sf). Located in the city’s famous Golden Triangle area, the property sits on a 4.6-acre site at 3775 1st St.
The immediate area is home to most o...
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• Embarcadero Capital Partners Acquires 108k sf, Value-Add Building in North San Jose
3/08/19
Embarcadero Capital Partners picked up a 108.4k sf office/R&D building in North San Jose in a deal that closed in December of 2018. The two-story, steel-framed building sits on 5.2 acres at 2125 O’Nel Dr, adjacent to Hwy 101 ...
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• Downtown Sunnyvale Res Project Financed with $40.7 Mil in Construction Money
3/08/19
Lane Partners and Bay West Development are preparing to start work on 311 Mathilda Street, a 75-unit residential project in downtown Sunnyvale, after securing a $40.7 mil in financing. The developers have obtained entitlement...
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