| San Francisco’s Salesforce Tower Nearing Completion
By Allen Wolfsheimer
Salesforce Tower, the 61-story, 1.4 msf office skyscraper being developed adjacent to the new Transbay Transit Center in San Francisco by Hines and Boston Properties, is nearing completion. The $1.1 bil ...
| JRK Property Holdings Adds over 600 Units to Its Holdings
JRK Property Holdings has made its first investment in California’s Central Valley with the acquisition of a 614-unit apartment portfolio in Fresno from Demmon Partners in a transaction valued at $98.75 mil ($160.8k/unit).
| Calvera Partners Picks Up 20-Unit Res Asset in Mountain View
Calvera Partners has acquired Monroe Villa, a 20-unit vintage apartment building in Mountain View, in a recent $7.26 mil ($363k/unit) transaction. The property, located at 565 Escuela Ave, represents Calvera’s eleventh acquis...
| Salinas Jack in the Box Sells for $2.5 Mil
An unnamed family trust paid $2.5 mil for a 2.1k sf ($1,190/sf), single-tenant, NNN-leased retail property occupied by Jack in the Box in Salinas. The deal closed at a cap rate of 4.75%.
The property is located 645 S. Main S...
| EverWest Real Estate Partners and Black Salmon Team Up in $33 Mil Bay Area Office Buy
A venture between EverWest Real Estate Partners and Miami-based Black Salmon has entered the Bay Area office investment market with the purchase of The Offices at Public Market, a 109.2k sf, Class A office and retail property...
| Oakmont Properties Boosts Portfolio with 270-Unit Sacramento Multifamily Property
San Rafael-based Oakmont Properties has purchased The Landing at College Square, a 270-unit, Class A apartment community in Sacramento. The asset was sold by USA Properties Fund for $59 mil ($219k/unit).
Located at 7640 Wes...
| Trimark Commercial Real Estate Joins Sperry Commercial Global Affiliates in the Bay Area
Walnut Creek-based Trimark Commercial Real Estate has joined Sperry Commercial Global Affiliates as the latest franchise office in the Bay Area. Trimark Commercial Real Estate is under the direction of Mark Hinkins CCIM, FRI...
| Corbion Leases 32k sf in South San Francisco
Corbion, a leading food and biochemical ingredients company, agreed to a 51-month lease for 32.4k sf of space in South San Francisco. The space is within Genesis, a Class A, two-building high-rise life science R&D/office cam...
| Sacramento Multifamily Asset Traded in $34 Mil Transaction
Waterford Cove, a 188-unit, garden-style apartment community in Sacramento, was purchased by Bridge Partners in a recent $33.8 mil ($180k/unit) transaction. The buyer assumed an existing low-leverage loan and added a supplem...
| Salinas Jack in the Box Trades at $1,190/sf
An unnamed family trust paid $2.5 mil for a single-tenant, triple-net leased retail property occupied by Jack in the Box in Salinas, CA. The deal closed at a 4.75% cap rate.
The 2.1k sf ($1,190/sf) property is located 645 S....
| Renovated Clovis, CA Retail Center Refinanced with $24 Mil Loan
Rich Development Enterprises LLC has obtained a new $24 mil loan on The Trading Post shopping center, a 127.8k sf, revitalized multi-tenant retail property in Clovis, CA, completing the firm’s turnaround project for the asset...
| JB Matteson Inc Completes Bay Area Res buy
JB Matteson Inc purchased Tralee Village Apartments, a 130-unit luxury apartment community in the Bay Area city of Dublin. Although the price was not disclosed, industry sources estimate a value of around $55 mil ($423k/unit)...
| New Silicon Valley Res Project is Finished
Sares Regis Group of Northern California (SRGNC) has completed development of 6tenEAST, a new luxury apartment community in Sunnyvale. The four-story, 205-residence community, featuring a wide variety of well-designed floor p...
| CBRE Acquires Custom Spaces
CBRE Group Inc recently acquired the business of Custom Spaces, a San Francisco-based, technology-focused boutique real estate brokerage firm that advises leading technology companies such as Airbnb, Cruise Automation, Medium...
| Work Started on Spec Industrial Project in the East Bay
Construction is underway on San Leandro Business Center, a new speculative industrial project that sits on a 30.6-acre site located along the I-880 corridor in the East Bay. The project, a development of Trammell Crow Company...
| Santa Rosa Manufactured Home Community Refinanced with $13.7 Mil Freddie Mac Loan
An OC-based private investor has obtained $13.7 mil in permanent refinancing for Mountain View Mobile Estates, a 109-site manufactured home community in Santa Rosa. The property is located at 2860 Santa Rosa Ave, just east of...
| NoCal Multifamily Asset Sells for Over $42 Mil
Security Properties Inc /New York Life Real Estate Investors has purchased The Henley Apartment Homes, a 240-unit, garden style apartment community located in the NoCal community of Suisun City, roughly midway between San Fra...
| $64 Mil Affordable Housing Project Breaks Ground in Emeryville
EAH Housing and the City of Emeryville have broken ground on Estrella Vista, a new, 86-unit transit-oriented mixed-use residential development at 3706 San Pablo Ave in the downtown area of Emeryville, in the East Bay. The $64...
| Sacramento Res Property Lands New Ownership after $35 Mil Sale
Sequoia Equities LLC closed on a newsworthy NoCal multifamily buy, paying $35 mil for Wolf Ranch, a 17-building, 160-unit ($219k/unit), Class A apartment community in Sacramento. The asset, located at 7200 Jacinto Ave, was so...
| Therm-X Leases 69k sf of Lab/R&D Space in Hayward
Therm-X signed a long-term lease for 68.8k sf of laboratory/R&D, industrial and office space in Hayward. The space is at 3323 Investment Blvd, at the base of the San Mateo Bridge and directly across the street from their Head...