| Drawbridge Realty Trust Completes $18 Mil Santa Clara Office Buy
In addition to Scott Boulevard, Drawbridge Realty Trust recently acquired three office properties in San Diego County. Two of the three buildings are leased to Broadcom Corporation and are situated within the Discovery Corpo...
| Amazon.com Inks Deal with Prologis for 1 msf NoCal Distribution Center
Internet giant Amazon.com has inked a deal with Prologis for a new 1 msf build-to-suit, distribution center in the NoCal city of Tracy, which is situated roughly 65 miles directly east of San Francisco and 70 miles directly s...
| 64k sf San Jose Flex-Tech Building Acquired in Value-Add Buy
W3 Partners has acquired a 64.3k sf, single-story flex-tech building in San Jose in an off-market basis. The property was purchased from Prologis, in a joint venture with AllianceBernstein U.S. Real Estate Partners L.P.
| 127k sf San Francisco Office Building Listed for Sale
A 126.7k sf, “jewel box” office building at 115 Sansome St, in the heart of San Francisco’s Financial District, has come on the market. The building, originally constructed in 1912 as the headquarters of the Standard Oil Comp...
| Acheson Commons Development Approved by Berkeley Zoning Adjustments Board
Acheson Commons, the first major entitlement under Berkeley’s new Downtown Area Plan, cleared another major hurdle with its unanimous final approval by the city’s Zoning Adjustments Board in late December. Fronting Universit...
| Newmark Realty Capital Arranges $16 Mil on El Dorado Hills Retail Property
Robert Slatt of Newmark Realty Capital has arranged $16 mil in permanent refinancing for Marketplace at Town Center in El Dorado Hills. The property is located within a 318.5k sf lifestyle center located in the residential s...
| CBRE Arranges $21.6 Mil on Senior Assisted Living Facility in Davis Still to Be Built
CBRE Group Inc (CBRE), through its direct HUD FHA lender, CBRE HMF Inc (CBRE HMF), has arranged $21.65 mil in non-recourse construction and permanent financing for Carlton Plaza of Davis, a to-be-built 144-bed, 120-unit senio...
| Greg Moss Named Regional Managing Principal at Cassidy Turley in NoCal
Greg Moss has been named Regional Managing Principal of Cassidy Turley in Northern California. With the promotion, Moss assumes responsibilities formerly held by Michael Kamm, who was recently named President of Cassidy Turle...
| Panattoni Inks $46 Mil in CA Deals for Second Half of 2012
Panattoni Development Company completed 10 major transactions throughout California during the second half of 2012. In all, the deals have a total consideration in excess of $46 mil.
According to Panattoni Partner Stephen Ba...
| Swig Signs Five at SOMA Office Building
The Swig Company recently signed five new leases, totaling 43.1k sf of space, at 501 Second Street in San Francisco. The leases are:
• Synapse Product Development LLC, a mechanical, electrical and software engineering servi...
| Hudson Pacific Celebrates 2013 with Two Big December 2012 Office Leases in San Francisco
Rincon Center is a 581k sf, Class A office/retail property situated on 3.5 acres. The two buildings consist of 488k sf of office space and 93k sf of indoor and outdoor retail space.
In the other transaction, GitHub signed a...
| Michael Kamm Takes Over as President at Cassidy Turley
Michael Kamm has been promoted to President at commercial real estate services firm Cassidy Turley. Kamm also will join Cassidy Turley’s Board of Directors, and he will remain based in San Francisco.
For the past three years...
| The Swig Company Acquires 89k sf San Francisco Office Property
The Swig Company purchased 901 Battery St, an 88.7k sf office building, with an accompanying parking structure located at 998 Sansome St. The seller was a partnership that had owned the property for several decades. Terms o...
| Raintree Partners Begins Work on 116-unit Res Project in Redwood City
Laguna Niguel-based Raintree Partners has begun construction on a ground-up multifamily development project in Northern California called “201 Marshall.” The project is a 116-unit, seven-story multifamily community located i...
| Prudential Real Estate Investors Fund Purchases 183k sf San Francisco Office Building
A Prudential Real Estate Investors-advised fund closed on a major San Francisco office buy, acquiring 255 California Street from Highridge Partners and Montgomery Advisors. The 14-story, Class A mid-rise building contains a ...
| KBS Picks Up 259k sf Silicon Valley Office Asset
KBS Realty Advisors has acquired Palo Alto Technology Center, a prestigious, 259.2k sf office campus located in Palo Alto, 33 miles southeast of downtown San Francisco, in the heart of the Bay Area’s tech-centric Silicon Vall...
| Creative Office Building in San Francisco Trades Hands
An 86.2k sf creative office building in the heart of San Francisco’s Jackson Square recently traded hands. The property, located at 747 Front St, is at the prominent corner with Broadway. The price was not disclosed.
| MacFarlane Partners Picks Up Vacant Lot in Downtown San Francisco
MacFarlane Partners has acquired 1125 Market St in San Francisco, the site of the former Embassy Theater, which was razed after it was damaged in the Loma Prieta earthquake. The property, located between 7th and 8th Streets i...
| Investor Nabs 182-Unit Multifamily Community in Sacramento Area
Westwood Apartments, a 182-unit multifamily apartment community located in Carmichael, about 12 miles northeast of downtown Sacramento, recently sold for $10.825 mil ($59.5k/unit). The community, which is comprised of 29 buil...
| Kilroy Continues to Make Big News with More New Deals
By Allen Wolfsheimer
Kilroy Realty Corporation (KRC) is really closing out the year with a bang. In the latest news, the big West LA-based REIT has acquired a fully entitled, 12-acre land site in Sunnyvale, where it will dev...