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March 29, 2024
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BAY AREA NEWS
Archive
1  | 2  | 3  | 4  |  5  | 6  | 7  | 8  | 9  | 10  ...  127
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• Oakland’s Historic Palace Theater Trades in $2.2 Mil Deal
3/15/23
The historic Palace Theater in Oakland was acquired by BayTech Charter School for use as a new location for BayTech Charter School, or the Bay Area Technology School. The property, located at 1445 23rd Ave, fetched $2.2 mil. ...
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• Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
3/09/23
Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Ba...
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• Longfellow Real Estate Partners to Develop 315k sf Life Sciences Project in the Bay Area
3/06/23
Longfellow Real Estate Partners has obtained a $310 mil construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315k sf at the Bart and Caltrain station in t...
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• Vestar to Manage Hacienda Crossings Retail Property in Dublin
3/01/23
PNC Realty Investors has retained Vestar to provide management, leasing and marketing services for Hacienda Crossing, a 438.5k sf, mixed-use power center in the Bay Area city of Dublin. Hacienda Crossings is located at 4820-...
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• Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield
3/01/23
Stanford University has awarded a 14-building, 1.1 msf office portfolio in addition to a 7 msf NNN ground lease portfolio to Cushman & Wakefield’s Northern California Asset Services team. The properties are located in one of ...
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• South San Francisco Hotel Fetches $182k/Room
2/28/23
A Laxmi Hospitality LLC affiliate closed on a South San Francisco hotel buy, paying about $31 mil for La Quinta by Wyndham Hotel, a 170-room ($182k/unit) property. The hotel is situated on 1.3 acres at 20 Airport Blvd, on the...
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• Exchange Investor Pays $550/sf Single-Tenant Building in San Jose
2/17/23
An 8k sf, single-tenant building NNN-leased to Citibank in San Jose traded for $4.4 mil, or $550/sf. The property, located at 3510 Leigh Ave, just north of Hillsdale Ave, is 100% leased to Citibank, which has six years of lea...
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• Vivani Leases Life Science Building in the East Bay
2/15/23
Biopharmaceutical company Vivani has signed a 43.6k sf, full building lease at 1350 South Loop, within the Radius @ Harbor Bay campus, a nearly 700k sf life science and innovation campus located in Alameda. Terms of the deal ...
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• Taipei Economic and Cultural Office Spends $52.8 Mil on San Francisco Office Building
2/09/23
Taipei Economic and Cultural Office (TECO) has acquired a brand new, 56k sf Class A office building in San Francisco’s South of Market (SoMa) neighborhood for $52.8 mil ($943/sf). The seven-story building, designed by Stanton...
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• Provender Partners and StepStone Real Estate Complete $158 mil Recapitalization of 1 msf Cold Storage Portfolio
2/01/23
Provender Partners (Provender) and StepStone Real Estate (SRE) have completed a $158 mil secondary and recapitalization of a 1 msf cold storage portfolio with assets in the high-growth industrial markets of: Oakland, CA; Las ...
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• San Francisco Bay Area Residents Demand Tech-Enabled Solutions at Multifamily Properties
1/26/23
San Francisco Bay Area multifamily landlords and property managers have been adopting technology-enabled solutions to accept, manage, and safely secure incoming packages at multifamily properties. ButterflyMX, a leading provi...
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• 91k sf Retail Center in the East Bay Gets New Owner
1/20/23
In an East Bay retail trade, Balboa Retail Partners purchased Pinole Square, a 91k sf retail community center in Pinole, roughly 17 miles north of Oakland. The property is located at 1201-1577 Tara Hills Dr, on the northwest ...
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• BentallGreenOak Buys Newly Constructed Sacramento Industrial Project
1/18/23
BentallGreenOak acquired Metro Air Park Logistics Center - Phase I, consisting of two new Class A industrial buildings totaling 308.8k sf in Sacramento. The asset was sold by Badiee Development in a deal said to be worth arou...
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• Morgan Stanley Pays Over $1,500/sf for Menlo Park Office Building
1/17/23
In a recent Bay Area office buy, Morgan Stanley purchased a 44.7k sf building in Menlo Park for $68 mil, or $1,521/sf. The property is fully occupied by Menlo Medical Clinic, a partner with Stanford Health Care. The propert...
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• Fremont Multifamily Property Sells for $$27 Mil
1/06/23
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, traded hands in a recent $27.2 mil ($453k/unit) transaction. Built in 1987, Victoria Park is located at 40882 High St. The property cont...
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• Avanath Capital Management Spends $131 Mil on 297-Unit Bay Area Affordable Housing Portfolio
1/05/23
Avanath Capital Management LLC has acquired the Novato Portfolio, comprising two LIHTC rental apartment properties totaling 297 units in the Bay Area submarket of Novato, for $131.5 mil ($443k/unit). Purchased with equity fro...
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• Transwestern Ventures to Develop 375k sf Life Sciences Campus in Vacaville
12/30/22
Transwestern Ventures and Transwestern Real Estate Services are preparing to move forward with development of Axiom Point, a 375k sf, state-of-the-art biomanufacturing campus in the Bay Area city of Vacaville. Plans for the n...
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• NoCal Chick-fil-A Single-Tenant Property Sells for $2,167/sf
12/23/22
A NoCal-based private investor purchased a new, 4.8k sf single-tenant net lease Chick-fil-A Drive-Thru in Livermore for $10.4 mil, or $2,167/sf. The property was sold by Meridian, a full-service real estate developer and inve...
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• SIOR Northern California Chapter Names 2023 Board
12/23/22
The Northern California chapter of Society of Industrial and Office Realtors® (SIOR) has named its board for 2023. Michael Carrigg, SIOR, Colliers/Pleasanton, will serve as the chapter’s president for the year; Ethan Smith,...
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• Fremont Multifamily Property Sells for $453k/Unit
12/22/22
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, sold in a $27.2 mil ($453.3k/unit) trade. Victoria Park is located at 40882 High St, just west of I-680. Built in 1987, Victoria Park of...
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