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• NoCal Deal Briefs
12/21/09
SAN FRANCISCO (San Francisco County) -- A private investor acquired a 14.3k sf mixed-use property in San Francisco’s Mission District for $3.15 mil (220/sf). The property is located at 1007-1017 Valencia St and 3285-3287 21st...
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• Basin Street Continues to Sign Deals at its NoCal Properties
12/17/09
Basin Street Properties ended the year with a flurry of leasing activity. The company has signed six new tenants at several of its NoCal locations. The firms -- John Schloetter & Company, Keller Williams Realty, James B. Oli...
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• Jeff Congdon Joins GVA Kidder Mathews
12/16/09
San Francisco commercial real estate expert and 37-year veteran, Jeff Congdon, has joined GVA Kidder Mathews as an Executive Vice President in the firm’s downtown San Francisco office focusing on institutional real estate inv...
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• CBRE Awarded CA DGS Assignment to Sell 11 Office Properties
12/15/09
CB Richard Ellis Group Inc was awarded the contract to sell 11 properties containing 17 state office buildings on behalf of The California Department of General Services (DGS). The properties, which are located in Los Angeles...
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• Cornish & Carey and RiverRock Form New NoCal Property Management Entity
12/10/09
Cornish & Carey Commercial/ONCOR International (C&C) and RiverRock Real Estate Group have teamed up to create a new property management offering that complements C&C’s existing suite of commercial real estate services. The n...
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• Digital Realty Trust Pays $90 Mil for Bayshore Data Center
12/08/09
In a large Bay Area sale, Digital Realty Trust Inc purchased Bayshore Data Center, a two-building, 185k sf data center in Santa Clara, for $90.52 mil ($490/sf). The property was sold by Inland Western REIT, which acquired th...
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• Legacy Partners Purchases Existing Mortgage on East Bay Office Property
12/07/09
Legacy Partners obtained financing of $16.5 mil for Legacy Plaza San Ramon, a NoCal, Class B+ office property. The 307.5k sf, two-building complex is located at 2000 Crow Canyon Place, within the affluent Bay Area suburb of S...
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• Shorenstein Receives LEED Gold for Oakland City Center Building
12/03/09
555 12th Street in Oakland City Center is the first building in the Shorenstein Properties’ commercial real estate portfolio to be LEED Gold certified through the U.S. Green Building Council's Existing Building Operations and...
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• NoCal Retail Briefs
12/02/09
SAN JOSE (Santa Clara County) -- Zanotto’s leased the former 20k sf PW Market site situated within the Foxworthy Shopping Center at 1425 Foxworthy Ave. Zanotto’s is scheduled to open its new store March 2010 and will serve as...
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• Sacramento Multifamily Property Trades for $11.5 Mil
12/01/09
An Austin, TX-based investor closed on a significant Sacramento multifamily buy after paying $11.5 mil for The Villas at La Riviera, a 199-unit ($57.8k/unit) property. The complex is located at 7901 La Riviera Dr, north of th...
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• Activity Update from Oakland City Center
11/24/09
TranSystems Corporation, a transportation consulting services provider, is the newest tenant at Oakland City Center, the large mixed-use business campus that encompasses more than 1.5 msf of office space along with 18 restaur...
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• Matthew Brasler and Kareem Barzegar Join Grubb & Ellis
11/19/09
Matthew Brasler and Kareem Barzegar, CCIM, have joined Grubb & Ellis’ Office Group as Associate Vice President and Senior Associate, respectively.
A 10-year industry veteran, Brasler specializes in the leasing and investme...
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• Shorenstein Heads to Main Street to Locate Retail Leasing Team for Oakland City Center
11/18/09
Main Street Property Services Inc has taken over leasing activities for Oakland City Center's mix of dining and retail space. The assignment, which took effect as of November 1, 2009, will be led by Craig Semmelmeyer, Princip...
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• Bed Bath & Beyond Leases Two New NoCal Locations
11/17/09
Bed Bath & Beyond (BBBY) recently inked leases for two new NoCal locations totaling over 63k sf in the Bay Area. BBBY will serve as anchor tenant at both locations, Gateway Plaza and The Great Mall. The big retailer was repre...
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• San Francisco Apartment Market Still on the Decline
11/16/09
Apartment rents in San Francisco are expected to continue to slide this year, as the market struggles with the ongoing economic contraction. Unemployment has reached its highest level in more than two decades, dragging on apa...
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• Sunnyvale Multifamily Property Fetches $44 Mil
11/13/09
Acacia Capital Corp closed on a large Silicon Valley apartment buy, paying $43.8 mil for Avalon at Parkside, a 192-unit ($228.1k/unit) multifamily community in Sunnyvale. Built in 1991, Avalon at Parkside contains 204.6k sf o...
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• Silicon Valley R&D Building Sells for Near $5 Mil
11/12/09
A vacant 44.3k sf R&D building situated on three acres in Sunnyvale recently traded hands at a price of $4.63 mil ($105/sf). The buyer was GSI Technology Inc, which was founded in 1995 in San Jose and provides telecom and net...
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• Santa Clara Res Project Recognized for Workforce Housing Excellence
11/11/09
The Urban Land Institute’s (ULI) Terwilliger Center for Workforce Housing has named Casa del Maestro in Santa Clara as a recipient of the 2009 Jack Kemp Workforce Housing Models of Excellence Award. The award, which is named ...
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• Fremont R&D Facility Hits the Market
11/10/09
A 141k sf R&D property in Fremont just came on the market with an asking price of $8.485 mil, or about $59/sf. Located at 48603-48633 Warm Springs Blvd, north of Scott Creek Rd and midway between I-880 and I-680, the property...
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• Sacramento Industrial Vacancy Rate Continues to Rise
11/09/09
Here’s an overview of the Sacramento industrial market, as of the end of the third quarter 2009. This summary was provided to us by national real estate services firm Grubb & Ellis.
• The industrial vacancy rate increased ...
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