| Transwestern Ventures to Develop 375k sf Life Sciences Campus in Vacaville
Transwestern Ventures and Transwestern Real Estate Services are preparing to move forward with development of Axiom Point, a 375k sf, state-of-the-art biomanufacturing campus in the Bay Area city of Vacaville. Plans for the n...
| NoCal Chick-fil-A Single-Tenant Property Sells for $2,167/sf
A NoCal-based private investor purchased a new, 4.8k sf single-tenant net lease Chick-fil-A Drive-Thru in Livermore for $10.4 mil, or $2,167/sf. The property was sold by Meridian, a full-service real estate developer and inve...
| Fremont Multifamily Property Sells for $453k/Unit
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, sold in a $27.2 mil ($453.3k/unit) trade. Victoria Park is located at 40882 High St, just west of I-680.
Built in 1987, Victoria Park of...
| San Jose R&D Asset Trades in $41.5 Mil Deal
WF Batton Management Company bought Valley Research Center, a 129k sf R&D campus in North San Jose in a $41.5 mil ($322/sf) transaction.
Valley Research Center is comprised of two 64.5k sf buildings, which were renovated in ...
| Sacramento’s Esquire Plaza Lands $19.5 Mil Refi
Esquire Plaza, a 22-story, 307k sf Class A office tower anchoring Sacramento’s Governmental Affairs District skyline, was refinanced with a new loan for $19.5 mil. Notable tenants include the Associated Press, California Buil...
| The Prado Group Buys Five-Acre San Francisco Property to be Redeveloped into 273-Res Project
The Prado Group has purchased the 4.9-acre site in San Francisco’s Presidio Heights neighborhood occupied by the California Pacific Medical Center in a deal said to be worth over $50 mil. The property, which was sold by Sutte...
| Berk Properties Pays $11.6 Mil for Cannon’s Hotel Development Site in Dana Point
Newport Beach-based Berk Properties LLC acquired the fee simple interest in the Cannon’s Hotel Development Site in Dana Point for $11.6 mil. The former home of Cannon’s Restaurant, the site is fully entitled and has received ...
| Monterey Office Property to be Converted into Workforce Housing
A suburban office property in Monterey, CA will be converted into workforce, multifamily housing as an adaptive reuse project. The property, covering 7.23 acres at 2300 Garden Rd, will be redeveloped to provide 64 one- and tw...
| Alta Housing Opens New Affordable Housing Project in Palo Alto
Wilton Court Apartments, a new res development by Alta Housing in Silicon Valley, has been completed and is now open to the public. Located at 3705 El Camino Real in Palo Alto, Wilton Court Apartments is Alta Housing’s first...
| Lansum International Inks Sublease for 155k sf Oakland Warehouse
Lansum International has subleased a 155k sf industrial warehouse facility in Oakland. The property, located at 8380 Pardee Dr, between Doolittle Dr and I-880, is owned by Westcore, who purchased the building in 2020 for $40....
| Investor Group Secures $30 Mil to Buy Out San Jose Mobile Home Park
An investment partnership has obtained $30 mil to buy out a 315-unit mobile home park in San Jose. The all-ages community offers three laundry rooms, a clubhouse, heated pools, billiards room, a private conference room, and a...
| Buyers Pick Four Up Former Sears Sites in California
Four former Sears development sites located across California were acquired by private investors in separate deals. The assets, in Fairfield, Ventura, Salinas and Sacramento, were sold by a single investor. The prices were no...
| Unique Asset in San Francisco’s Financial District Listed for $5.8 Mil
Here’s news of a unique property in San Francisco’s Financial District that’s been put on the market. Located at 415 Sansome St, the 10.3k sf building sits on a 5k sf lot and is fully leased to a restaurant/bar and a medical ...
| Convene Leases 65k sf in San Francisco
Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces, inked a lease for 65k sf of retail space on the fourth and fifth floors at the newly redeveloped 100 Stockto...
| Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
| San Jose Biz Campus Acquired for $94.65 Mil in Off-Market Exchange Deal
Montague Crossing, a three-building, 209.4k sf biz campus in San Jose, was purchased for $94.65 mil ($452/sf) by JJ&W in an off-market 1031-exchange. The property was sold by Four Corners Properties and Rockwood Capital.
| San Jose Res Community Traded in $185 Mil Transaction
Centerra Apartments, a 347-unit res community in San Jose, sold in a recent deal said to be worth around $185 mil. The buyer was an investment entity led by 3D Investments, out of Beverly Hills.
The property is located at is...
| Trammell Crow Company and CBRE Investment Management Start Work on 500k sf Spec Silicon Valley Industrial Project
Trammell Crow Company (TCC), in a joint venture with CBRE Investment Management, has broken ground on the Cochrane Technology Center, a 500k sf, Class A business park in Morgan Hill, CA. The single-phase project is the larges...
| Bay Area Life Sciences Portfolio Lands $213 Mil Refi
A five-building, 326k sf life sciences portfolio in the Bay Area Peninsula cities of South San Francisco and San Carlos has been refinanced in a $213.4 mil transaction. The assets are owned by an affiliate of GI Partners.
| Drawbridge Realty Closes $193 Mil Silicon Valley Office Buy
Drawbridge Realty recently closed on a notable Silicon Valley office buy, paying around $193 mil for 200 S. Mathilda Ave, a five-story, 157k sf ($1,229/sf) Class A office/engineering building and parking structure in downtown...