| TMG Partners and KKR Complete $255 Mil Bay Area Office Buy
TMG Partners and KKR have teamed up in major Bay Area office acquisition. The venture has purchased 1221 City Center, a 24-story, 522k sf tower in Downtown Oakland. The Class A tower is located at 1221 Broadway, at the inters...
| Legacy Partners and American International Group to Build 97-Unit Res Project in Hayward
A joint venture between Legacy Partners and American International Group Inc has acquired a 1.78-acre development site located at 28168 Mission Blvd in Hayward. The partnership will use the East Bay site for the development o...
| Coastal NoCal Power Center Sells for $45 Mil
The Dunes in Marina, a 233.9k sf, power center in the Monterey Bay area along the NoCal coast, was acquired by a private investor for $45 mil ($192/sf). It was sold by Shea Properties, an Orange County-based fully diversifie...
| Spec Office Project in the Bay Area to Move Forward with $65 Mil in Construction Financing
Acclaim Companies has secured $65.7 mil in non-recourse construction financing for 855 Main Street, a 100k sf, spec office development in downtown Redwood City. Menlo Park-based Acclaim received entitlement approvals for the ...
| New Milpitas Residential Community Opens to the Public
The Edge, a six-story, 381-unit apartment community in Milpitas, has opened to the public. The project was built by SCS Development and will be managed by Legacy Partners.
The Edge is located at 753 Montague Expwy. It featur...
| 90k sf Office Asset in Marin County Trades Hands
An investment entity led by Mark Hutchinson and Doug Twillman of San Francisco-based Dunhill Partners West picked up Woodside Office Center, an 89.5k sf, three-story Class A suburban office property in the affluent Marin encl...
| Decron Properties Closes 208-Unit Silicon Valley Multifamily Buy
Decron Properties has acquired Willow Creek, a 208-unit multifamily community in San Jose, for $84.6 mil, or about $407k/unit.
Built in 1985, Willow Creek consists of a mix of one- and two-bedroom floor plans. All units inc...
| Bay Area Retail/Commercial Center Trades in $87 Mil Deal
Blackstone Real Estate, with its ShopCore Properties affiliate, has acquired Westgate Shopping Center, a roughly 800k sf retail/commercial complex in the Bay Area city of San Leandro, for $87 mil in an all-cash deal. The asse...
| Construction of Redwood City Office Development a Go After Securing Funding of $65 Mil
Acclaim Companies has secured $65.7 mil in financing for the development of 855 Main Street, a 100k sf office building the firm plans to build in downtown Redwood City. The loan was arranged by Newmark Knight Frank and funded...
| Floor & Décor Signs Lease for 75k sf Build-to-Suit in Milpitas
Floor & Décor inked a 15-year lease for a 75k sf, build-to-suit retail facility in Milpitas. The project is at Sprig Center, a new retail center located at 1585 N. McCarthy Blvd, just south of Dixon Landing Rd and west of I-8...
| The Italian Homemade Company Buys Building Next to San Francisco’s Washington Square.
The Italian Homemade Company has purchased the historic Caffe Roma building, a 5.2k sf building in San Francisco’s North Beach Neighborhood. The property is located at 526 Columbus Ave, across from Washignton Square, a few bl...
| Affordable Housing Development in Morgan Hill Breaks Ground
The Crossings on Monterey, a 39-unit affordable housing development in Morgan Hill, has just broken ground. The project, a development of Urban Housing Communities LLC, a Santa Ana-based, LEED Award winning developer, is loca...
| Oakland Apartment Development Recapitalized with $44 Mil in Joint-Venture Equity and Debt
Holliday Development has recapitalized The Union, a 110-unit apartment development located in an opportunity zone adjacent to the West Oakland BART Station, with $44 mil that was arranged by Highland Realty Capital. The fundi...
| Office Building in Oakland’s Fruitvale District Sells for $10.45 Mil
The Fruitvale Gateway Building, an eight-story, 50k sf office property in in the Fruitvale District of Oakland has sold in a recent $10.45 mil ($209/sf) transaction. The property, situated on two acres at 2648 International B...
| Heitman Spends $73 Mil on Newly Constructed San Francisco Office Building
Heitman LLC has purchased 500 Pine, a newly constructed, 56.2k sf office building in downtown San Francisco. The asset was sold by Gemdale USA Corporation and Lincoln Property Company in a deal we’re told was worth about $73 ...
| WeWork Leases 68k sf in Oakland
WeWork, the global co-working firm, has agreed to a lease for 68k sf in Oakland. The company will occupy three full floors at the historic Breuner Building, located at 2201 Broadway, at the corner with Grand Ave, just a few b...
| Miramar Capital Buys 82k sf Office Campus in the East Bay
Miramar Capital has purchased Mt. Diablo Terrace, a three-building 81.8k sf office campus in the East Bay city of Lafayette. The property was sold by Dunhill Partners West and Piedmont Properties Group.
Built in 1982 and loc...
| Prologis Spends $36 Mil on East Bay Development Site
Prologis Inc paid $36.1 mil for a 13.71-acre redevelopment site in the East Bay community of San Leandro. The site, located at 880 Doolittle, will be used for a future logistics project.
Prologis has long-term plans to deve...
| Valent U.S.A. Leases 96k sf in San Ramon
Valent U.S.A. agreed to a 20-year lease for 96.5k sf of R&D space at Canyon Corporate Park in San Ramon. The deal represents the largest new R&D lease in the Tri-Valley since the second quarter of 2016.
For Valent, a leading...
| Essex Property Closes $104 Mil Res Buy in San Jose
Essex Property Trust acquired Meridian at Midtown, a 218-unit luxury apartment community with approximately 14k sf of ground-floor retail in San Jose, in a $104 mil transaction. The seller was Republic Urban Properties LLC.