| Hometown America Buys 200-Site Manufactured Home Community in the East Bay
Hometown America has acquired the 200-site Eden Roc manufactured home community in the San Francisco Bay Area city of Hayward. The purchase was financed with a $17.5 mil acquisition loan.
Situated on 21 acres, the Class A Ed...
| East Bay Industrial Asset Gets New Owner in $20.7 Mil Deal
A 102.1k sf, light Industrial project in Hayward sold for $20.75 mil, or $203 per sf. The property, located at 3340 Arden Rd, includes three multi-tenant light industrial buildings which were at 87% occupancy at the time of t...
| Trion Properties and Walker & Dunlop Buy 136-Unit Multifamily Community in the Sacramento Area
Trion Properties has acquired Bella Pointe Apartments, a 136-unit multifamily community in the Sacramento submarket of Rancho Cordova, for $18.25 mil or $134k per unit. Trion specializes in multifamily investments in western ...
| Fremont Multifamily Asset Sells for $19.5 Mil
Niles Station, a 94-unit multifamily property in the East Bay city of Fremont, was purchased by Riaz Capital in a $19.5 mil ($207.5k/unit) deal. Riaz is an experienced developer and operator of multifamily apartment buildings...
| Oakmont Properties Buys Sacramento Multifamily Property in $92 Mil Deal
Oakmont Properties has acquired Alira Luxury Apartments, a 293-unit apartment community in the Natomas submarket of Sacramento, for $92.3 mil, or $315k/unit. The property was sold by AG Spanos Companies in an off-market trans...
| Two CA 7-Eleven Properties Trade in Deals Totaling $3.5 Mil
Two 7-Eleven investment properties in California sold in separate transactions totaling $3.45 mil. The deals include a single-tenant 7-Eleven in Santa Maria and a two-tenant 7-Eleven property in Fresno.
The single-tenant, 2...
| R&D Building in San Francisco’s Mission District Fetches $925/sf
A 24k sf R&D building in San Francisco’s Mission District has sold for $22.2 mil ($925/sf). The property is fully leased to Ouster, a leading developer and manufacturer of lidar technology.
Located at 2741 16th St, the prope...
| Beacon Capital Partners Entity Buys Emeryville Life Science / Office Property
An affiliate of Beacon Capital Partners purchased Hollis Business Center, a two-building, Class A office and life science conversion opportunity in Emeryville. The property, located at 6401 Hollis St and 1480 64th St, is curr...
| Jay Paul Co Acquires New Luxury Bay Area Res Development in $73.5 Mil Deal
Jay Paul Co has purchased Encore, a new 90-unit luxury community in downtown Redwood City. Encore was built and sold by Sares Regis Group of Northern California and its affiliate companies in a $73.5 mil ($817k/unit) transact...
| Historic Fairmont San Francisco Lands $150 Mil Refi
The historic, 606-key Fairmont San Francisco has been refinanced with a new loan for $150 mil. The iconic hotel, listed on the National Register of Historic Places, is owned by an affiliate of Mirae Asset Global Investments.
| Two Sacramento Multifamily Properties Refinanced in Transactions Totaling $42.6 Mil
Two Sacramento area multifamily properties were refinanced in separate loan transactions totaling $42.6 mil. The deals were arranged by Greystone Real Estate Advisors’ Todd Vitzthum, Simon Hermann and Cody Field on behalf of ...
| Fully Leased East Bay Industrial Building Trades for $242/sf
Elion Partners paid $23 mil for a 95k sf ($242/sf), fully leased industrial building in Union City, in the East Bay. Originally constructed in 1979, the property is situated on 4.56 acres at 33401 Central Ave.
| Glencrest Group Buys 106-Unit Multifamily Property in NoCal
Berkshire Laurel Creek, a 106-unit, garden-style multi-housing property in the northeastern San Francisco Bay Area, was acquired by Glencrest Group. The deal was financed with a $19.11 mil Freddie Mac loan.
Located at 2751 P...
| Fresno Self-Storage Facility Goes for $7 Mil
BCORE Storage Weber LLC paid $7.1 mil for a 543-unit ($13.1k/unit) self-storage property in Fresno. Located at 5090 N. Weber Ave, the property benefits from a large population exceeding 115,000 individuals within three miles ...
| East Bay Industrial/Office Asset Trades for $50 Mil
An institutional investor purchased a 267.5k sf, light industrial warehouse and office facility in the East Bay city of Richmond for $50.13 mil ($187/sf). The property, which is NNN-leased to a beverage distribution company, ...
| East Bay Land Acquired by Local Developer in $6.8 Mil Deal
Arnold Industrial LLC, a private developer based in the greater Bay Area, paid $6.8 mil for 13.51 acres of commercial land in the East Bay city of Concord. The land, located on Arnold Industrial Way, was acquired from Lowe’s ...
| San Leandro Multifamily Property Sells for $262k/Unit
MC Investment Partners LLC acquired an 87-unit multifamily property in the Bay Area city of San Leandro for $22.8 mil, or $262k/unit. The property, located at 2199 Bancroft Ave, was sold by Pierron Properties LLC.
Built in 1...
| NoCal Resort Property Trades in $28.5 Mil Off-Market Deal
Marina Dunes RV Resort, a 5.58-acre, 96-site resort property in Marina, CA (Monterey County), traded hands for $28.5 mil in an off-market transaction. The property was sold by a joint venture of Skya Ventures Inc and Gelt Inc...
| Santa Rosa Retail Building Acquired by a Planet Fitness Development Group in $6.3 Mil Deal
A 38k sf retail building in Santa Rosa traded for $6.3 mil, or $166/sf. The property is located at 2705 Santa Rosa Ave, south of Hwy and adjacent to the east side of Hwy 101.
The property is situated within Santa Rosa Souths...
| Silicon Valley Office/R&D Campus Trades in $104 Mil Deal
Lane Partners has purchased the Fujitsu Campus, a six-building, 313.7k sf office and R&D campus in Sunnyvale, for $104 mil, or $332/sf.
The Fujitsu Campus consists of one- and two-story buildings on over 26 acres at 1230, 12...