| PCCP LLC and Lincoln Property Company Acquire 464k sf Silicon Valley Biz Park
A venture between PCCP LLC and Lincoln Property Company has acquired Valley Technology Centre, a seven-building, 464.6k sf Class A office and R&D complex on 26.4 acres in San Jose. From what we’ve been told, the deal had a pr...
| Prologis Buys 575k sf of Industrial Space from CT at NorCal Logistics Center
Prologis purchased two newly-constructed industrial buildings from CT at its NorCal Logistics Center in Stockton for $47 mil. The two buildings total 575.1k sf of space and mark the initial completion of CT’s three-building P...
| Vanbarton Group Buys San Francisco Office Tower
Vanbarton Group LLC has purchased 101 Mission Street, a 206.5k sf office Tower in San Francisco, in a deal said to be worth near $160 mil. Acquisition of the 21-story, Class A property was financed with a $116.5 mil loan.
| Willyo Properties Spends $35 Mil on R&D/Manufacturing Building in South San Jose
Willyo Properties has purchased a 196.5k sf, R&D/manufacturing building in South San Jose for $35.3 mil ($180/sf). The NNN-leased, multi-tenant building, located at 5500-5550 Hellyer, east of Hwy 101 off Silver Creek Valley R...
| EverWest Real Estate Investors Buys Bay Area Office Asset in Venture with Partners Group
EverWest Real Estate Investors and Partners Group have acquired Burlingame Bay Office Park, a two-building, 262k sf complex situated on almost 13 acres at 555 and 577 Airport Blvd, just off Hwy 101 in Burlingame. From what we...
| Bay Area Office Park Trades for $43 Mil
Rocklin Corporate Center, a Class A, 220k sf, two-building office park located at 6020 and 6030 West Oaks in Rocklin, has been purchased by Inverness Management for $42.9 mil ($195/sf). It was sold by KBS Real Estate Investme...
| Recently Constructed Retail/Office Project in Downtown Napa Refinanced with $42 Mil Loan
First Street Napa, a 142k sf, mixed-use retail and creative office property spanning three blocks in downtown Napa, was refinanced with a $42 mil loan arranged by HFF and funded through ACORE Capital LP. The borrower is a ven...
| “Value-Add” Bay Area Apartment Property Tops $500k/Unit
A private investor paid $13.6 mil for 10 Birch, a 27-unit ($504k/unit) multifamily community in the highly sought-after Mount Carmel neighborhood of Redwood City. The property is located at 10 Birch St, west of Hwy 101 and El...
| Bay Area Office Building Sells for $39.5 Mil
Phase 3 Real Estate Partners purchased a 104k sf, multi-tenant office building in Brisbane for $39.5 mil, or $380/sf. The building, located at 1000 Marina Blvd, was sold by Meridian in an off-market transaction.
| Work Started on 1.7 msf Industrial Infill Development in Fremont
Construction has started on Pacific Commons South (PCS), a 10-building, 1.7 msf business park development in the Bay Area city of Fremont. The manufacturing and warehouse project is being developed by a joint venture between ...
| Ocean West Capital Partners and Hana Asset Management Co LTD Buy Four-Building Office Project in San Jose
An investment venture led by Ocean West Capital Partners and Hana Asset Management Co LTD purchased North First Commons, a four-building, 250k sf, Class A office campus in San Jose. The project, located at 2515, 2525, 2535, a...
| Broadreach Capital Partners Places New Financing of $150 Mil on Silicon Valley Office Build-to-Suit
Broadreach Capital Partners has landed $150 mil in financing for 1625 Plymouth, a 245.7k sf, build-to-suit office development located in the North Bayshore submarket of Mountain View. HFF’s Bruce Ganong and Bercut Smith arran...
| The Seavest Investment Group Pays $560/sf for San Francisco Office Building
In a recent San Francisco office buy, The Seavest Investment Group has purchased 939 Ellis Street, a seven-story, 87.2k sf office property with 53 parking stalls in the up-and-coming Van Ness Corridor of San Francisco. The pr...
| Inverness Management LLC Buys Sacramento-Area Office Complex
Rocklin Corporate Center, a two-building, 220k sf office complex in Rocklin, was purchased by Inverness Management LLC. Rocklin is situated about 23 miles northeast of Sacramento. The price was not disclosed.
The Class A pro...
| Bay Area Retail Center Offered for Sale
Fallon Gateway, a 200.9k sf, grocery-anchored retail center in the Bay Area city of Dublin has been listed for sale. This is the first time that the property, which is shadow-anchored by Target, has been listed for sale.
| Fremont Office Building Acquired by The Stanley Group
Parkway Center, a two-story, 71.7k sf office building in Fremont was acquired by The Stanley Group Inc, of Los Gatos. The property, located at 3340 Walnut Ave, east of I-880, was sold by Bayside Realty.
Parkway Center is 100...
| San Jose Multifamily Property Traded by Private Investors in $12.5 Mil Deal
First Street Manor, a 39-unit multifamily community situated in close proximity to Google’s newest proposed tech campus, Google Village, in downtown San Jose, has sold for $12.5 mil, or $320.5k/unit. The buyer plans to perfor...
| Affirm Takes 46k sf in San Francisco’s Financial District
Affirm Inc agreed to a lease for 46k sf of office space in San Francisco. The deal, for Affirm’s second location in San Francisco, is at 550 Kearny St, a 10-story, 193k sf Class A office building in the city’s Financial Distr...
| Groundbreaking Marks Start of Construction on $1 Bil Waterfront Development in Alameda
The City of Alameda and its private partner, Alameda Point Partners LLC, have broken ground on the first phase of the $1 bil mixed-use, transit-oriented waterfront development at the gateway to Alameda Point, called Site A. T...
| Facebook Leases Entire 756k sf Office Development in San Francisco
Facebook has agreed to lease the entire 756k sf Park Tower at Transbay office development in what stands as the largest office lease in the city’s history. The 43-story high-rise, located at 250 Howard St in the city’s SOMA D...