| DiamondRock Hospitality Company Buys The Landing Tahoe Resort & Spa
DiamondRock Hospitality Company has purchased The Landing Tahoe Resort & Spa, a 77-room, award-winning, luxury, lakefront resort and spa in South Lake Tahoe. The asset was acquired from an affiliate of Kairos Ventures free an...
| SummerHill Apartment Communities Gets Green Light from South San Francisco City Council for New Project
A planned mixed-use community in South San Francisco developed by SummerHill Apartment Communities has received unanimous approval by the City Council. The new development is located on a 1.67-acre site at 988 El Camino Real,...
| San Leandro Multifamily Asset Sold for $182k/Unit
Manchester Apartments, a 44-unit apartment community in unincorporated San Leandro, was acquired by TRC Manchester LP, a private investment group, in an $8 mil ($182k/unit) deal. The property, located at 1919 Manchester Rd, f...
| Meridian Completes MOB Poject in the East Bay
In development news out of the East Bay, Meridian has completed work on a 10k sf, single-tenant medical office building in Castro Valley. The Alameda County development is located 0.69 acres at 20359 Lake Chabot Rd, north of ...
| Office Complex in the East Bay Trades for $10 Mil
Oak Hill West, a four-building, 46.9k sf office complex in the East Bay city of Lafayette, sold for $10 mil, or about $210/sf. The property is located at 3736 – 3746 Mt. Diablo Blvd, just off Hwy 24.
The property is situated...
| Single-Tenant NNN Property in Sacramento Sells in $7.9 Mil Deal Between Private Investors
A single-tenant, NNN absolute investment in Sacramento has sold for $7.9 mil. The asset, located at 9036 Calvine Rd, is occupied by Merryhill Schools.
Merryhill Schools’ lease is guaranteed by Nobel Learning Communities In...
| Torani Inc Takes 327k sf at New Bay Area Biz Park
In recent industrial activity from the Bay Area, Torani Inc signed a 15-year, $65 mil lease for 327k sf of space in San Leandro. The firm is relocating its corporate headquarters and manufacturing facilities from South San Fr...
| NoCal Investor Pays $9.6 Mil for Turlock Hobby Lobby
A newly constructed, 55k sf Hobby Lobby in Turlock, CA sold for $9.57 mil ($174/sf). The building is located at 3701 Countryside Dr, and is adjacent to Monte Vista Crossing, an area with the largest concentration of retail de...
| Decron Properties Group Acquires 220 Res Units in the Bay Area
Decron Properties Corp acquired Bridgecourt, a 220-unit multifamily apartment complex with ground floor retail in Emeryville, CA, in a deal valued at $87.4 mil, or about $397k/unit. The seller was a joint venture between The ...
| Private Investor Buys 35k sf Bay Area Retail Property
Windsor Square, a 35k sf shopping center located in the Washington Manor neighborhood of San Leandro was acquired by an unnamed private investor.
Located at 1960 Lewelling Blvd, Windsor Square is a fully leased retail center...
| Sacramento Area Hotel Financed with $8.7 Mil Loan
Gold Center Hotel has secured $8.7 mil in non-recourse financing for Fairfield Inn & Suites, a 104-room, limited-service hotel in Rancho Cordova, CA. The fixed-rate, permanent financing was provided by an international reinsu...
| Private Investors Trade Two Multifamily Properties in San Mateo County for $27 Mil
An unnamed private investor paid $27.1 mil for a two-property legacy multifamily portfolio totaling 54 units ($502k/unit) in San Mateo County.
The two communities, Belview Heights and Casa Belview, are located at 1015 and 1...
| S&P Company and Basin Street Properties Team Up in Sacramento Area Office Buy
S&P Company and Basin Street Properties have purchased Prospect Green, a Class A, 518.2k sf office campus in Rancho Cordova, a city within the Sacramento metro area. The five-building campus was acquired with a $44.5 mil seni...
| Borelli Investment Company and CBRE are Marketing a Build-to-Suit Office Project in Silicon Valley
Borelli Investment Company has enlisted CBRE to assist in the marketing of Bay 101 Technology Place, a build-to-suit office tower in Silicon Valley. The nine-story, high-rise project, located at 1740 North First Street in Nor...
| F4 Transbay Partners LLC Submits Revised Plans for 61-Story, Mixed-Use Tower in San Francisco
F4 Transbay Partners LLC has submitted revised development plans for 542-550 Howard Street (also referred to as Transbay Parcel F) to the City of San Francisco. Transbay Parcel F is being proposed as a mixed-use development o...
| Donahue Schriber Buys San Francisco Retail Center
Donuhue Schriber recently wrapped up a retail acquisition in San Francisco, having purchased Diamond Heights Shopping Center, a 75.6k sf grocery- and drug-anchored center. The asset was sold by an unidentified private seller....
| CA Res Buy Financed with $125 Mil of Short-Term Money
Mesa West Capital provided a private multifamily investment firm with $125 mil in short-term first mortgage debt to finance the West Coast apartment investor’s recent acquisition and repositioning of four California multifami...
| Investor Picks Up Silicon Valley R&D Building in $15.6 Mil Deal
An unnamed institutional investor paid $15.65 mil for a 109.7k sf ($143/sf), multi-tenant R&D building located in the South San Jose submarket of Silicon Valley. The property, located at 5830-5870 Hellyer Ave, was sold by Div...
| ValueRock Realty Partners Spends $28 Mil on Two NoCal Retail Properties
ValueRock Realty Partners has acquired two NoCal retail properties in deals totaling $28.5 mil. The acquisitions consisted of University Village, a 43.9k sf, grocery-anchored retail center at 1075-1095 Monroe St in Albany, an...
| 73k sf Retail Center in CA’s Central Valley Sells
Colony Plaza, a 73.2k sf, grocery-anchored shopping center in the California Central Valley community of Ripon was purchased by a private investor. It was sold by an institutional investor.
Anchored by Save Mart, Colony P...