| Calson Management Picks Up Development Sites in Livermore and Soquel
Calson Management has landed $16.275 mil in combined financing for the acquisition of two development land sites in northern California. The sites, in Livermore and Soquel, total 12.73 acres and will be used for the developme...
| Two Bay Area Seniors Housing Communities to Move Forward with $21.5 Mil in Financing
Calson Management has secured a $21.5 mil loan for two memory care seniors housing communities totaling 48 units in California’s Bay Area. The portfolio consists of Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park.
| Concord Multifamily Asset Lands New Owner in $31.5 Mil Transaction
The Lakes Apartments, a 102-unit apartment community located in the Bay Area city of Concord, traded hands in a recent deal worth $31.5 mil, or $308.8k/unit. Built in 1967, The Lakes is situated on 4.2 acres at 1818, 1819 and...
| DivcoWest Acquires 143k sf Office Building in South San Francisco for $164 Mil
In January, DivcoWest acquired 5000 Shoreline, a three-story, 143.4k sf Class A office building located on approximately 8.5 waterfront acres in South San Francisco, for $164.5 mil. 5000 Shoreline was delivered vacant, making...
| Bullock Capital Picks Up Office Properties in Oakland and San Francisco
Bullock Capital recently acquired two office properties in the Bay Area, one in San Francisco and the other in Oakland.
Floating-rate loans for the properties totaling $18.9 mil were arranged by JLL and funded through North...
| Presidio Bay Closes $72 Mil Bay Area Retail Buy
San Francisco-based Presidio Bay closed on the purchase of Charleston Plaza, a five-building retail center totaling 132.6k sf of space in both Palo Alto and Mountain View, CA. The property, situated on an 11-acre site at 2400...
| Newly Constructed 618k sf NoCal Distribution Facility Trades
A newly constructed 617.8k sf, Class A distribution/e-commerce facility on 35.7 acres in Vacaville was acquired by an unnamed global real estate investment manager. It was sold by a joint venture of LDK Ventures and PCCP LLC....
| Downtown Oakland Creative Office Asset Trades for $500/sf
Bullock Capital purchased a 27.4k sf, creative office building in downtown Oakland from SpringTide Franklin LLC. The property, located at 1504 Franklin St, boasts stunning architectural details from its original construction ...
| Nobell Foods Relocates to 66k sf Life Sciences Space in South San Francisco
Nobell Foods, a startup that specializes in making delicious cheese from plant-derived dairy proteins, has leased 66.2k sf of Class A office/life sciences space for its new headquarters in South San Francisco. Relocating and ...
| Bay West Development and Forum Real Estate Group Land $284 Mil to Begin Work on 590-Unit Silicon Valley Res Project
Bay West Development and Forum Real Estate Group are set to move forward with development of The Maxwell, a 590-unit multifamily project situated on a 4.5-acre parcel in San Jose, after securing $284 mil in construction money...
| Oakland Apartment Portfolio Gets New Owner in $15.8 Mil Trade
A three-property multifamily portfolio located in Oakland's Grand Lake neighborhood recently traded in a $15.8 mil deal. The properties total 55 units ($287.3k/unit) and are located at 344 Monte Vista Ave, 832 Erie St and 791...
| California Investor Spends $2.3 Mil for 7-Eleven Property in the East Bay
A 2.4k sf 7-Eleven convenience store/gas station property in the East Bay was acquired by a CA-based private investor for $2.3 mil. Located at 3868 Delaware Dr in Fremont, the property traded at a 3.25% cap rate.
| Soma Capital Pays Over $700k per Unit for Newly Built Sacramento Res Community
San Francisco-based Soma Capital purchased a newly developed 75-unit luxury multifamily community in Sacramento for $57.1 mil ($761.3k/unit). Built in 2020, the Midtown asset is located at 1430 Q St.
The award-winning asset ...
| Two East Bay Multifamily Sales Total $86.5 Mil
Ascenda Capital has purchased two apartment communities totaling 235 units in the East Bay cities of San Leandro and Hayward. The assets were both sold by Trion Properties in deals totaling $86.5 mil ($368k/unit).
| Lift Partners Acquires 16-Property, 511k sf Industrial Portfolio in CA and WA
Lift Partners acquired a portfolio of 16 infill industrial assets totaling 511.3k sf of space across the west coast. PCCP LLC provided Lift Partners with two senior loans totaling $125 mil for the acquisition, renovation and ...
| San Jose Industrial Complex Lands $35 Mil Refi
A seven-building, 337.6k sf industrial property in San Jose was refinanced with a new loan of $35 mil. Built in 1995, the property is located at 1100-1070 Commercial St.
The multi-tenant property resides on 18.6 acres and of...
| Ryan Wagner, Matt Kroger and Brandon Geraldo Join JLL in San Francisco
Ryan Wagner, Matt Kroger and Brandon Geraldo have joined JLL’s San Francisco office as Senior Managing Directors, focusing on multi-housing investment advisory transactions in the San Francisco Bay Area, Northern California a...
| NoCal Single-Tenant Asset Trades for $525/sf
A Honolulu, Hawaii-based investor has purchased a new construction, single-tenant net-leased retail property occupied by The Learning Center at the Lucky supermarket-anchored shopping center the Solano County city of Vacavill...
| Azzur Group Leases 76k sf of Life Science Space in Alameda
Azzur Group has leased two buildings totaling 76.3k sf of space at the Loop at Harbor Bay in Alameda. The life science company’s new space is at 1955 and 2065 North Loop Rd. Terms of the transaction were not disclosed.
| Bay Area Retail Center Goes for Over $600/sf
El Gato Village Shopping Center, a 58.5k sf shopping center in Los Gatos, was acquired by a privately held real estate investment and development company for $36 mil ($615/sf). The center consists of 20 rental units and is lo...