| CPP Completes $35.6 Mil Rehabilitation of 140-unit Affordable Housing Community in Antelope
Community Preservation Partners (CPP) has completed a major renovation at Danbury Park Apartments, a 140-unit affordable housing community in Antelope, CA. The total $35.6 mil project includes an $18.5 mil purchase and nearly...
| Triad Development Gains Approval for Office Development in Vacaville
Triad Development has received approval for a 700k sf to 840k sf, Class A office development project in Lagoon Valley. The development site is located along I-80 on Lagoon Valley Rd in Vacaville, roughly 50 miles from downtow...
| Office Building in San Franciscoís SoMa District Acquired by Chilean-based Stars Investments in a Venture with The Swig Company
A 42k sf office building located in the SoMa submarket of San Francisco was acquired by Chilean-based Stars Investments in partnership with San Francisco-based The Swig Company. The building, situated on a 50k sf lot at 945 B...
| Equity Residential Looking to Add 200+ Units to Its Reserve at Mountain View Apartments
Equity Residential has submitted plans to the City of Mountain View to add 200+ apartments to its Reserve at Mountain View Apartments, located at 870 E. El Camino Real in the City of Mountain View. The proposal includes the a...
| San Mateo Retail Property Trades for $31.5 Mil
Borel Square Shopping Center, a 96.7k sf neighborhood shopping center in San Mateo, sold for $31.5 mil ($326/sf). The single-story retail property is anchored by CVS and 24 Hour Fitness and is 97.6% percent leased overall.
| West Sacramento Industrial Project Refinanced with $17 Mil Loan
The Bendetti Company has refinanced Parkway Industrial Crossing, a 302.4k sf, value-add industrial project in West Sacramento, with a new loan for $16.9 mil. The asset includes an adjacent vacant land parcel.
Situated on 12....
| Indeed Leases 37k sf in Foster City
Indeed signed a lease for 37.1k sf of office space at Parkside Towers in Foster City. Indeed, an online employment search engine company, is set to occupy the eighth floor of the East tower in January 2020.
Located at 1001 a...
| New Bay Area Office Development Lands $515 Mil in Financing
Kylli Inc has obtained $515 mil in financing for Burlingame Point, a brand new, state-of-the-art 803k sf office campus in the Bay Area city of Burlingame. The construction financing was provided by J. P. Morgan and Starwood P...
| Two-Tenant Retail Building in Merced Fetches Over $700/sf
A 3.7k sf, two-tenant, net-leased retail building in Merced sold for $2.645 mil ($715/sf). The property, occupied by a Starbucks with a drive-thru and T-Mobile, is located at 360 W. 16th St. The transaction came in at a recor...
| Sacramento Multifamily Property Trades for $100k/Unit
A 40-unit apartment complex in Sacramento sold for $4 mil, or $100k/unit. The 32k sf property consists of 10 buildings located at 6304 Lemon Hill Ave.
Built in 1965, the garden-style apartment community boasts a unit mix of ...
| Reliant Group Closes $116 Mil NoCal Res Portfolio Buy
San Francisco-based Reliant Group Management purchased a portfolio of seven apartment communities, located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward, for $116 mil. The portfolio contains 603 apartm...
| Affordable Housing Project Breaks Ground in Redwood City
An affordable residential rental development, 2821 ECR Apartments, has just broken ground. The project is being developed by Palo Alto Housing (PAH) in the North Fair Oaks neighborhood of San Mateo County.
Plans call for 67...
| Oakdale Communities Secures $83 Mil for Sacramento Res Development
Oakdale Communities has secured $83 mil in financing for the development of The Core Natomas, a 300-unit, luxury apartment project in Sacramento. The loan was arranged by CBRE Capital Marketsí Debt & Structured Finance.
| San Jose Multifamily Property Trades for $350k/Unit
Delano Apartments, a fully upgraded 35-unit multifamily community in San Jose, sold for $10 mil, or $350k/unit. Located at 272-280 La Pala Dr, the property is in close proximity to major employers, transportation corridors, s...
| Chartres Lodging Group Buys NoCal Resort Property
Hotel investment company Chartres Lodging Group has acquired Dr. Wilkinsonís Hot Springs Resort, a 42-room lodging and wellness establishment in Calistoga, in NoCalís Napa Valley. The price was not disclosed.
The property is...
| CDK Global Takes 76k sf of Renovated Office Space in San Jose
CDK Global has agreed to a lease for 76.4k sf of office space in San Jose. The space is at 250 Holger Way, within District 237, a newly renovated Class A office park comprised of five buildings totaling 415k sf. Terms of the ...
| Alexandria Real Estate Equities Makes $66 Mil Office Buy in San Francisco
Alexandria Real Estate Equities, out of Pasadena, has acquired a 66.7k sf office building in San Francisco in a $66 mil ($990/sf) transaction. The property is located at at 260 Townshend St, less than a block away from the Ki...
| Developer Spends $20 Mil on 3.26-Acre Development Parcel in Santa Clara County
A local developer paid $20 mil for a 3.26-acre land parcel in Santa Clara County, on which the buyer plans to construct a townhome community. The land parcel is currently occupied by 54 vacant mobile home units and is entitle...
| Bridge Housing Secures $16 Mil in Financing for Bay Area Affordable Housing Development
Bridge Housing has locked in a $15.96 mil forward commitment for the permanent financing of Bay Meadows Apartments, a 68-unit affordable housing community located in San Mateo. The property will be developed using 9% Low-Inco...
| Bentall Kennedy Pays $105 Mil for 1.12 msf NoCal Facility Occupied by Amazon
Bentall Kennedy (U.S.) Limited Partnership completed a $105.3 mil industrial acquisition in Stockton on behalf of its US Core Fund. The 1.12 msf ($94/sf) building, previously one of the largest spec industrial developments in...