| Sridhar Equities Pays $360k/Unit for San Jose Apartment Community
Sridhar Equities has purchased Lakewood Court Apartments, a 48-unit multifamily asset in San Jose, for $17.28 mil ($360k/unit). The property is located in downtown San Jose in close proximity to I-680 and I-880, making it pro...
| San Mateo Res Project on Track with $48.6 Mil in Construction Money
Stockbridge Capital Group and Wilson Meany have secured $48.64 mil in financing for the development of The Morgan at Bay Meadows, an 82-unit, Class A multi-family project in San Mateo. The floating-rate construction loan was ...
| Kennedy Wilson Collects $120 Mil from sale of Ritz-Carlton, Lake Tahoe Hotel
Kennedy Wilson has sold the Ritz-Carlton, Lake Tahoe hotel to Braemar Hotels & Resorts for $120 mil. In December, Kennedy Wilson also sold a portfolio of hotels located across the U.K. for $54 mil.
Kennedy Wilson and its pa...
| Blue Moon Capital Partners and Áegis Living Acquire 253-Unit Portfolio of Seniors Housing Properties
A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased three Class A seniors housing properties totaling 253 units in suburban Seattle and Northern California. The properties were acquired from Ae...
| Ethan Conrad Properties Buys 500k sf NoCal Retail Center
Chico Mall, a 503.7k sf regional mall located in the city of Chico, was purchased by Ethan Conrad Properties. The center is anchored by Dicks’ Sporting Goods, JCPenney and Forever 21, as well as a former Sears box that is cur...
| Urban Housing Communities Completes Affordable Housing Project in Santa Rosa
Urban Housing Communities (UHC) has completed work on Crossings on Aston, a 27-unit affordable housing development located at 706 Aston Ave in Santa Rosa. The project offers affordable workforce housing to families in Califor...
| Sacramento Area Office/Retail Property Purchased for $225/sf by Private Investor
In a recent NoCal mixed-use, investment buy, a private investor paid $4.14 mil for an 18.4k sf ($225/sf) office/retail property located at 110 Gateway in Lincoln, about 30 miles northeast of Sacramento. The property, situated...
| Bay Area Multifamily Property Trades in $91 Mil Deal
Sora Apartments, a 250-unit multifamily asset in Union City, sold for $91.5 mil ($366k/unit). The property was sold by Fairfield Greenhaven LLC.
Built in 1983, Sora is situated on nearly 10 acres at 31770 Alvarado Blvd. The ...
| Mountain View Apartment Property Trades for $550k/Unit
A 16-unit multifamily community in the upscale Bay Area city of Mountain View was purchased by a private investor for $8.8 mil ($550k/unit). This was the first time on the market in more than 25 years for the property, situat...
| Bixby Land Led Venture Secures $180 Mil Credit Facility
Bixby Land Co, in a joint venture with an institutional partner, has secured a $180 mil credit facility. The fund’s initial closing of $48.875 mil was used to finance a four-building, Class A industrial portfolio totaling 982...
| Seagate Properties Buys Sacramento Office Building
Seagate Properties Inc has purchased The Senator, a 180.1k sf landmark office building in Sacramento, for $46.9 mil ($260/f). The property, located directly across from the State Capitol at 1121 L St, was 88% leased at the ti...
| San Francisco Office Tower Set to Trade in $225 Mil Transaction
A 293k sf Office high-rise in San Francisco’s North Financial District is about to change hands in a deal that industry sources suggest will close at over $225 mil ($768/sf). The building is at 111 Sutter St, a block north of...
| CIM Group Gets Square Deal for Renovated Office Building in Downtown Oakland
Square has leased all of the roughly 322k sf of office space in the iconic Uptown Station building in Oakland, expanding Square’s Bay Area presence. Square anticipates it will begin taking occupancy of Uptown Station, at 1955...
| Embarcadero Capital Partners Acquires San Francisco Building for Conversion to Creative Space
Embarcadero Capital Partners has obtained a $34.14 mil loan for the acquisition and creative conversion of 62.2k sf building at 1035 Howard St in San Francisco’s SoMa District. Currently 100% vacant, the property offers Embar...
| Lincoln Property Company Acquires Bay Area MOB for $39 Mil
Lincoln Property Company paid $39.2 mil for a 104k sf ($377/sf), medical office property adjacent in Burlingame. The property is situated on 3.72 acres at 1720 El Camino Real, adjacent to Mills-Peninsula Medical Center.
| Alchemy Resorts Buys 3,100-Acre Property in Napa County
Alchemy Resorts has acquired Aetna Springs Resort, a 3,100-acre resort property in Napa County’s Pope Valley. The property, situated just 16 miles from downtown St. Helena and 35 miles from the city of Napa, includes approval...
| San Francisco Creative Office Building Sells for Over $1,000/sf
Toy Real Estate Investment Company has acquired a 26.8k sf creative office building in San Francisco for $29 mil as part of a 1031 exchange trade. We’re told that the sale, which came in at $1,080/sf, set a new high-water ma...
| Century | Urban Spends $12 Mil on East Bay Office Building
Century | Urban, a real estate investment and advisory firm, acquired 2890 N. Main Street, a 42.7k sf office building located in Walnut Creek, for $12.3 mil ($288/sf). The three-story building is 94% leased with US Bank as it...
| East Bay Multifamily Community Goes for $44 Mil
The Mark, a 150-unit apartment property in the East Bay city of Hayward, has sold for $44 mil ($293k/unit). The buyer was New Standard Equities.
The garden-style complex is located at 24650 Amador St, east of I-880 and north...
| Continental Partners Arranges $6.5 Mil for the Purchase of a Mixed-Use Building in San Leandro
Continental Partners arranged $6.5 mil in financing for the purchase of a 34.1k sf, mixed-use building in the San Francisco Bay Area. The property, which was originally constructed in 1972, is located at 1290-1298 East 14th S...