| South San Francisco Development Site Sold
IQHQ has purchased nearly two acres located at 580 Dubuque Ave – currently known as South City Station – in South San Francisco.The property, south of Oyster Point Blvd and adjacent to the 101 Fwy, was sold by Republic Metrop...
| Bay Area Res Community Lands $35 Mil Refi
Here’s news of a Bay Area multifamily financing deal. Valley Plaza Village Apartments, a 144-unit, garden-style apartment property in Pleasanton, was just refinanced with a new loan for $35 mil. The borrower is an affiliate o...
| Tokyu Land US Closes Three Multifamily Buys Totaling Over $200 Mil in the First Quarter of 2020
By: Allen Wolfsheimer
Tokyu Land US Corporation (TLUS) closed on three West Coast multifamily acquisitions in the first quarter of 2020 in transactions that totaled $214 mil. The purchases included: a 221-unit property in Pl...
| NYC Entity Spends $41 Mil on Silicon Valley R&D Facility
A fully leased, 102.7k sf R&D facility in Silicon Valley was acquired for $41.1 mil by Empire Square Group, a private real estate investment firm based in New York City. The property was sold by a joint venture between certai...
| Bay Area Multifamily Property Sells for Over $400k/Unit
In a recent Bay Area multifamily sale, a 30-unit property in Fremont traded hands for $12.2 mil, or $406.7k/unit. The property sits on 0.68 acres at 4001 Nicolet Ave, in close proximity to Fremont’s bustling Central District ...
| First Industrial Purchases 39k sf Industrial Building in the Bay Area
A 38.7k sf, light industrial warehouse and manufacturing building in Fremont sold for $9.125 mil ($236/sf). The property, located at 4160-4170 Business Center Dr, was acquired by First Industrial.
4160-4170 Business Center D...
| San Francisco Res Building with All Studios Fetches $464k/Unit
A “marina style,” 15-unit apartment building consisting of all studios in the heart of San Francisco’s Noe Valley District sold for $6.965 mil ($464.3k/unit). The property is located at 99 Jersey St, just west of Dolores St.
| Bay Area Multifamily Rent Growth Tapering Off
This report was provided by Kidder Mathews
Due to the Coronavirus pandemic, six of the Bay Area’s nine counties cautiously put Shelter in Place orders into effect in early March 2020, effectively putting a halt to all non-es...
| Oakland Multifamily Portfolio Financed with $58 Mil Loan
Mosser Capital has obtained $58.5 mil in financing to fund the recapitalization of a nine-property multi-housing portfolio located in Oakland. Mosser owns the assets in a venture with a new foreign investment partner. Mosser ...
| Morgan Stanley Real Estate Buys 500k sf Bay Area Property Leased to Tesla
NYC-based Morgan Stanley Real Estate closed on the acquisition of a 506.5k sf property in the Bay Area that is leased to Tesla. The industrial/office flex facility is located at 901 Page Ave, south of Mission Blvd about midwa...
| I-680 Corridor / Tri-Valley Office 1st Quarter 2020 Market Update
This report was provided by real estate services firm Kidder Mathews
The first quarter 2020 will be forever remembered for the onset of the new Coronavirus (COVID-19). The ramifications of the virus as it relates to impactin...
| Investor Completes Exchange with Two Bay Area Res Deals Totaling over $14 Mil
A private investor recently completed both legs of a 1031 exchange through two multifamily transactions in the Bay Area with a combined value of $14.18 mil. The transactions consisted of the sale of Leigh Court, an 18-unit mu...
| San Francisco Office Market Sees Uptick in Sublease Offerings in Q1 2020
This San Francisco 1st Quarter 2020 office report was provided by real estate services firm Kidder Mathews
The San Francisco office market experienced a rise in sublease availability and lower levels of leasing activity in Q...
| San Francisco Acquires Res Dev Site for Affordable Housing Project
The City of San Francisco has acquired a 0.27-acre mixed-use development site on two parcels from Sheet Metal Workers Local 104 Union Hall in a transaction valued at $12 mil. The City plans to develop new affordable housing o...
| TMG Partners Acquires 410k sf Office Campus in Santa Clara
TMG Partners has purchased The Quad, a seven-building, 410.1k sf office campus in Santa Clara. The complex, located at the intersection of Tasman Dr and Bunker Hill Lane, consists of all two-story buildings constructed in 198...
| KBS Repositions San Jose Office Campus
KBS has repositioned and rebranded District 237, formerly Corporate Technology Centre, a five-building, 415k sf office campus in San Jose. The repositioning resulted in a combined total of 314.7k sf in new leases with three g...
| Community Preservation Partners and L&M Development Partners Complete Work on 700-Unit Affordable Housing Redevelopment Project in San Jose
Community Preservation Partners (CPP) has completed work at the 700-unit El Rancho Verde multifamily community in San Jose, in what is the largest rehabilitation project in the affordable housing developer’s 16-year history. ...
| Exchange Investor Sells and Buys Bay Area Apartment Properties in Deals Totaling $7.5 Mil
A private investor completed a 1031 exchange by selling one Bay Area multifamily property and buying another in separate deals totaling about $7.5 mil. The transactions were for an 18-unit property in Berkeley and a nine-unit...
| Swift Real Estate Partners Spends $55.65 Mil on Bay Area Office/R&D Asset
Swift Real Estate Partners closed on its purchase of Hellyer Oaks Technology Park, a 347k sf office/R&D property in San Jose, for $55.65 mil ($160/sf). The transaction was financed with a $45.3 mil acquisition loan arranged b...
| Bay Area Multifamily Asset Sells for $248 Mil
In an institutional-quality multifamily acquisition in the Bay Area, Acacia Capital Corporation purchased Park Hacienda, a 540-unit, garden-style apartment community within the Hacienda Business Park in Pleasanton. The asset ...