| NoCal Apartment Property Sells for over $17 Mil
Union North, a 91-unit residential community in the CA city of Manteca, about 75 miles east of San Francisco, was purchased by a private investment group out of Clovis, CA for $17.2 mil, or $188k/unit.
Built in 1974 and 1979...
| Miramar Capital Buys 82k sf Office Campus in the East Bay
Miramar Capital has purchased Mt. Diablo Terrace, a three-building 81.8k sf office campus in the East Bay city of Lafayette. The property was sold by Dunhill Partners West and Piedmont Properties Group.
Built in 1982 and loc...
| Prologis Spends $36 Mil on East Bay Development Site
Prologis Inc paid $36.1 mil for a 13.71-acre redevelopment site in the East Bay community of San Leandro. The site, located at 880 Doolittle, will be used for a future logistics project.
Prologis has long-term plans to deve...
| Valent U.S.A. Leases 96k sf in San Ramon
Valent U.S.A. agreed to a 20-year lease for 96.5k sf of R&D space at Canyon Corporate Park in San Ramon. The deal represents the largest new R&D lease in the Tri-Valley since the second quarter of 2016.
For Valent, a leading...
| Essex Property Closes $104 Mil Res Buy in San Jose
Essex Property Trust acquired Meridian at Midtown, a 218-unit luxury apartment community with approximately 14k sf of ground-floor retail in San Jose, in a $104 mil transaction. The seller was Republic Urban Properties LLC.
| Knotel Leases 13k sf in San Francisco
Knotel has inked a lease for 13.2k sf of space at 785 Market Street in San Francisco. The new lease encompasses the 10th and 12th floors at the property. Terms of the deal were not disclosed.
Knotel – which designs, builds a...
| Silicon Valley Neighborhood Center Goes for $862/sf
Mary Manor Center, a 12k sf retail center in Sunnyvale, was acquired for $10.35 mil ($862/sf) by a local high net worth private investor who was in a 1031 exchange. The fully occupied center includes a Starbucks as well as si...
| Investors Snap Up Bay Area Self-Storage Facilities
Two institutional quality self-storage facilities encompassing 1,154 units in the Bay Area sold in recent transactions with a combined value of $27.8 mil. The proeprties are located in Sunnyvale and Fremont.
In one of the de...
| Transit-Oriented Office Building in San Francisco Lands $30 Mil in Financing
Chelsea Pacific Group has obtained $30 mil in financing on The Chancery, a 62.4k sf, transit-oriented building on Market Street in San Francisco. The loan was arranged by HFF’s Jordan Angel and funded through Chase Commercial...
| Hotel/Housing Development Completed in Healdsburg, CA
Seaview Investors LLC recently completed a ground-up, two-part construction project in Healdsburg. The project, built by R.D. Olson Construction, included Hotel Trio, a 122-room hotel, and Citrine Apartments, a 37-unit afford...
| Ridge Capital Investors LLC and Contrarian Capital Management LLC Spend $39.5 Mil on 268 Res Units in Sacramento
In multifamily investment news out of Sacramento, Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired two suburban apartment communities totaling 268 units in separate transactions totaling $39.5 m...
| ColRich Buys 182-Unit, Sacramento-Area Multifamily Property
ColRich, based in San Diego, has purchased Westwood Apartments, a 182-unit, value-add multifamily community in Carmichael. It was sold by Santa Barbara Capital and InvestWest Financial.
Westwood was originally built in 1968...
| Chinese Firm Acquires San Jose Office Building
Hangzhou Overseas Center Inc, a technology and business service company backed by the city of Hangzhou, China, has purchased a two-story office building in San Jose. The property, located at 160 East Tasman Dr, west of I-880 ...
| Sarkissian Trust Spends $12 Mil on Fully Leased NoCal Industrial Facility
In a recent NoCal industrial buy, Sarkissian Trust has purchased a fully leased, 63k sf flex/R&D building in Solano County for $12 mil ($190/sf). The facility is 100% occupied by Bio-Rad Laboratories. Sarkissian Trust acquire...
| Bixby Land Company Spends $60 Mil on Industrial Assets in Phoenix and West Sacramento
Bixby Land Company recently acquired two Class A industrial properties totaling 723k sf for $60.5 mil ($84/sf). The properties are located in Phoenix, AZ and West Sacramento, CA.
In Phoenix, Bixby purchased a 335.5k sf, Clas...
| Black Creek Group Adding Eight Industrial Developments Totaling 3 msf to the Greater Bay Area
Denver-based Black Creek Group has eight industrial developments in the Greater Bay Area recently completed, currently underway or already entitled and scheduled to begin work by early next year.
Totaling approximately 3 mf,...
| San Francisco Multifamily Portfolio Refinanced with $113.5 Mil Loan
Mosser Capital has obtained a $113.5 mil refi loan on a 12-property, 455-unit multi-housing portfolio in San Francisco. The financing was arranged by HFF.
The portfolio includes 13 ground-floor retail suites. The properties ...
| Silicon Valley Whole Foods Store Sells for $55 Mil
A 50.5k sf retail property occupied by Whole Foods Market in the Silicon Valley city of Los Altos sold for $55 mil ($1,089/sf). Imperial Hornet Developers LLC acquired the freestanding property, located at 4800 El Camino Real...
| Downtown Danville Retail Building Acquired for New Restaurant
Darren Matte, the owner of the acclaimed Per Diem in San Francisco and Harvest restaurant in Danville, has purchased a well located, high identity retail/restaurant property in downtown Danville, for $2.45 mil in an off-marke...
| Basin Street Properties Pays Over $44 Mil for 345k sf of Office Buildings in Sacramento
Point West, a Class A portfolio comprising three office buildings totaling 345.8k sf in Sacramento, was acquired for $44.6 mil ($129/sf) by Basin Street Properties. The buildings are located at 1545 River Park Drive, 1601 Res...