| 24Seven Enterprises Takes 400k sf of Distribution Space in Vacaville
24Seven Enterprises recently inked a long-term lease for 405k sf of warehouse/distribution space at North Bay Logistics Center in Vacaville, a NoCal city off I-80 roughly midway between San Francisco and Sacramento. 24Seven E...
| Seagate Properties Pays Around $465/sf for Office Property in Sausalito
In a Bay Area office buy, Seagate Properties has acquired The Harbors, a recently renovated, 114k sf institutional-quality two-building office campus at 1 and 3 Harbor Drive in Sausalito. Although a price was not given out, i...
| Oakland Multifamily Traded in $14 Mil Transaction
Vermont Apartments, a 44-unit multifamily property in the heart of Oakland's Grand Lake neighborhood, sold for $14 mil, or $318k/unit, in an all-cash deal. The seller was as investor in a 1031 exchange deal.
Constructed in 1...
| Scannell Properties Spends $26 Mil on Multi-Building Industrial Asset in Petaluma
Scannell Properties purchased a 183k sf, multi-building industrial portfolio in Petaluma for $26.45 mil ($144/sf). The property was sold by a pair of private individuals who formerly operated their business, Sistema Plastics,...
| Millbrae Industrial Property Sold as Redevelopment Opportunity
A 76k sf, 1.76-acre TOD property in Millbrae was acquired by a local owner/user. The property was sold by The John Hansen Company, which had operated its longstanding family business within an existing 36.6k sf, single-story ...
| The Companion Group Relocates from the East Bay to the Sacramento Area
The Companion Group has signed a lease for 100.8k sf of warehouse/distribution space in the city of Woodland, moving the company’s long-time industrial operations once housed in the San Francisco East Bay Area city of Hayward...
| Scannell Properties Pays $20 Mil for Petaluma Development Site
Indianapolis-based Scannell Properties purchased 40 acres of undeveloped land in Petaluma for $20.1 mil. The site, located at 500 Hopper St, was sold by Bay West Development, who had originally purchased the vacant industrial...
| Alameda Multifamily Rental Property Sells for $307k/Unit
Buena Vista Apartments, a 52-unit multifamily asset in Alameda, traded hands in a recent transaction valued at $15.95 mil, or $307k/unit. The property is situated on 1.58 acres at 4330-4450 Buena Vista Ave, just west of I-880...
| Retail Pad Building in the Sacramento Area Fetches $527/sf
A two-tenant, 4.4k sf retail pad building occupied by Chipotle Mexican Grill and Firehouse Crawfish restaurants in Rancho Cordova sold for $2.32 mil ($527/sf). The sale represents the second transaction in the break-up sale s...
| San Leandro Res Sale Comes In at Record $346k /Unit
Island Apartments, a 26-unit residential property in San Leandro, was acquired by Niceco LLC in a $9 mil transaction. The property is located at 16000 Mateo St, just west of I-580.
The property, which received multiple offer...
| The Community Development Trust and Southport Financial Services Team Up in $37 Mil Affordable Housing Venture in CA’s Central Valley
The Community Development Trust (“CDT”), which provides long-term debt and equity capital for the creation and preservation of affordable housing and charter school facilities, announced a new $37 mil joint venture with South...
| Meta Housing and Western Community Housing to Build 44-Unit Affordable Housing Project in Roseville
Meta Housing Corporation and Western Community Housing Inc are set to develop Main Street Plaza Apartments, a 44-unit, mixed-use affordable housing complex at the northeast corner of Washington Blvd and Main St in Roseville. ...
| Swift Real Estate Partners Acquires 253k sf Oakland Office Tower with $93 Mil Loan
Swift Real Estate Partners recently acquired 1333 Broadway, a 253.4k sf, Class A office building in Oakland. The purchase was made with a $93 mil, floating-rate acquisition loan arranged by HFF and funded through an affiliate...
| Private Investor Trades Four Multifamily Properties into One 77-Unit Asset in Redwood City
A private investor acquired a 77-unit apartment community in Redwood City for $40 mil ($520k/unit) as part of a 1031 exchange. The property, 926 Woodside, is located in the coveted Palm Park neighborhood with direct access to...
| Class A Office Asset in San Mateo Refinanced with $21 Mil Loan
An entity owned and controlled by Windy Hill Property Ventures has obtained $21 mil in refi money on 2 East Third Avenue, a 100% leased, 25k sf Class A office building located in the central business district of downtown San ...
| San Francisco Multifamily Property Trades in Transaction Worth over $300 Mil
Northwestern Mutual has purchased Jasper, a 319-unit, luxury high-rise apartment building in San Francisco, in a deal pros estimate came in around $306 mil ($959k/unit). The asset was acquired from Crescent Heights, free and ...
| Draftsmen & Craftsmen
In a construction milestone at a new residential rental development in Danville, framing has begun on the Alexan Downtown Danville, a 144-unit luxury community within walking distance of Danville’s Historic Downtown District....
| Seefried Industrial Properties and Clarion Partners Buy 10.7 Acres in San Jose
Seefried Industrial Properties and Clarion Partners have acquired a 10.7-acre site in San Jose, on which plan to build a 223.8k sf, Class A logistics/advanced manufacturing facility. The project is scheduled for completion fi...
| Calvera Partners Closes $16 Mil Res Buy in Alameda
Calvera Partners has acquired a 52-unit apartment building in Alameda for $15.95 mil ($307k/unit), in a deal that marks the final acquisition for the firm’s current discretionary investment fund. The purchase is part of Calve...
| Hotel Project in Downtown Morgan Hill Breaks Ground
Granada Hotel & Spa, a new four-story, contemporary-style boutique hotel with 60 guest rooms situated in the southern Silicon Valley city of Morgan Hill, has broken ground. Located at 17490 Monterey Rd, Granada Hotel & Spa wi...