| Cushman & Wakefield Awarded Office Leasing Assignment for Sacramento Mega-Development
LDK Ventures has retained Cushman & Wakefield to provide office leasing services for The Railyards, a prominent new mixed-use development project located along the Sacramento Riverfront in Downtown Sacramento. The mega projec...
| Old Oakland Management Assignment Awarded to Transwestern Commercial Services
Property management services for Old Oakland, a 238k sf, mixed-use portfolio in Oakland was just awarded to Transwestern Commercial Services. The portfolio, consisting of 10 buildings spanning Eighth to 10th Streets between B...
| NoCal Buyer Pays $783/sf for Sacramento Retail Property
A Sacramento area retail center was acquired by a Bay Area investor in a deal with a price tag of $2.74 mil. The property, a new-construction, two-tenant, retail pad building occupied by Dunkin’ Drive-Thru and T-Mobile at a F...
| Vertical Ventures Buys Office Building in the East Bay
Vertical Ventures, out of Walnut Creek, has purchased the Wakefield Building, an eight-story, 56.7k sf building in the Uptown neighborhood of downtown Oakland. The historic building is located at 426 17th St, at the corner w...
| Lincoln Property Company and Goldman Sachs Buy Creative Office Property in San Francisco
A partnership between Lincoln Property Company and a Goldman Sachs-related entity has purchased 1045 Sansome Street, a four-story, 90k sf creative office building in San Francisco’s North Waterfront/Jackson Square neighborhoo...
| Trion Properties Makes 61-Unit Res Buy in San Leandro
Trion Properties has purchased Cedar Grove, a 61-unit multifamily community located in San Leandro, for $15 mil, or $246k/unit. Built in 1959, the property is located at 1200 Davis St, a few blocks east of I-880.
| BKM Capital Partners Closes $425 Mil Industrial Portfolio Buy
BKM Capital Partners has acquired a portfolio containing 11 industrial properties located in Phoenix, Northern California, Southern California, and Portland, OR. The portfolio, totaling 2.67 msf of space, sold for $425.4 mil ...
| Production, Distribution and Repair Building in San Francisco Sells for $850/sf
A joint venture between Presidio Bay Ventures and Kinship Capital purchased 200 Kansas Street, a 90.1k sf production, distribution and repair (PDR) building located in San Francisco. From what we’ve heard, the property sold f...
| Buchanan Street Partners Makes Bay Area Office/Life Science Buy
Buchanan Street Partners has acquired Newark Tech Park, a 99.7k sf, two-building office and life science project in San Francisco’s East Bay, for $26.2 mil, or $263/sf. The property, located at 8000 and 8100 Jarvis Ave, was 9...
| Construction Starts on Additional 75 Units at Sunnyvale Mixed-Use Development
Construction has begun on 75 new apartments at The Flats, bringing the number of homes at the luxury community in Downtown Sunnyvale to a total of 273. The 125k sf building will expand on The Flats’ existing, fully leased, 19...
| Bay Area Development Site Sells for $6 Mil
A private investor paid $6 mil for a one-acre, developable land parcel in the Bay Area submarket of Redwood City. The site, located at 847 Woodside Rd, was sold by Service Corporation International.
Adam Levin and Robert Joh...
| Sacramento Area Res Community Trades in $33 Mil Deal
Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired Sterling Pointe, a 250-unit, suburban Sacramento apartment community, for $33 mil, or $132k/unit.
Sterling Pointe, located at 2237 and 2257 Hur...
| Harbert Seniors Housing Fund II L.P Picks Up 134-Unit Seniors Housing Property in the Sacramento Area
Harbert Seniors Housing Fund II L.P recently acquired The Pines at Rocklin, a 134-unit seniors housing property in Rocklin, CA. The Pines at Rocklin is located at 500 W Ranch View Dr in Rocklin, roughly 30 miles northwest of ...
| Bay Area Office Building Acquired by Barker Pacific Group and Iron Point Partners in $31 Mil Deal
Sutter Square, a 174.7k sf, nine-story office building in Concord, was acquired for $30.9 mil ($177/sf) by a joint venture between Barker Pacific Group and Iron Point Partners. The building, located at 1800 Sutter St near the...
| Grand Peaks Properties Buys Student Housing Development Now Under Construction Near UC Davis Campus
Grand Peaks Properties has acquired Lincoln40 -- a student housing community now under development near the campus of the University of California, Davis. The price was not disclosed.
The property was sold by HighBridge Prop...
| Fresno Starbucks with Drive-Thru Sells for $2.8 Mil
A brand-new, 2.1k sf single-tenant Starbucks with a drive-thru located in Fresno traded for $2.825 mil, in a deal that works out to a cap rate of 4.35% and a price per square foot of $1,345. The buyer was a private investor f...
| Bay Area Mixed-Use Development Moves Forward with $106 Mil in Financing
A Windy Hill Property Ventures-led partnership has obtained $106 mil in financing for the development of 406 E 3rd Ave, a mixed- use project in San Mateo. When completed, the ground-up development will consist of 115k sf of o...
| Hilton San Jose Hotel Sells in $117.5 Mil Deal
Hilton San Jose, a 353-room hotel in downtown San Jose, sold for $117.55 mil, or $333k/room. The hotel, which transferred unencumbered of an existing management agreement, was sold by Han’s Holdings Group Ltd.
The 18-story H...
| Bay Area Res Community Fetches $725k/Unit
Aperture, an 83-unit luxury apartment community in downtown San Bruno, has traded hands. The asset was sold by Sares Regis Group of Northern California (SRGNC) and its equity investment partner, The Resmark Companies, who par...
| Bay Area Multifamily Property Acquired for $469k/Unit
Park Plaza, a 49-unit multifamily community in the Bay Area submarket of San Bruno, traded between private investors in a recent $23 mil ($469k/unit) transaction. Park Plaza is located at 2081 Whitman Way, in a San Mateo Coun...