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• SOMA Office Property Hits the Market at $400+/sf
9/24/04
One day after we reported about Cousins and Myers selling their two South of Market office towers, here's news of another SOMA office property to hit the market, this being a recently developed building that contains a total ...
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• Hines Pours It On with $287 Mil Office Purchase in San Franciso
9/23/04
A pair of San Francisco office towers, both completed within the past five years, has traded hands for a combined price of $287 mil. The two buildings, at 101 Second St and 55 Second St, were purchased by Houston-based Hines ...
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• Bay Area Deal Notes
9/22/04
SAN FRANCISCO (San Francisco County) – Alexandria Real Estate Equities purchased six parcels of land, totaling about 500k sf of dirt, at Catellus Development Corp's Mission Bay project, a massive 300-acre+ mixed-use developme...
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• Sacramento Financing Notes
9/20/04
Here are a couple of interesting recent financings from Sacramento. In one deal, George Smith Partners (GSP) provided a $10 mil redevelopment loan for a 120.6k sf multi-tenant retail center located a block from Hwy 99. The pr...
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• NoCal Activity Review
9/17/04
SANTA CLARA (Santa Clara County) – Penta Enterprises, an engineering services firm, paid $2.5 mil for a 12.4k sf, two-story office building at 70 Saratoga Ave. The company has already relocated its HQ operations from 4k sf of...
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• Silicon Valley Office Complex Expected to Fetch Near $250 Mil
9/16/04
Here's the scoop on a large Silicon Valley office campus that was recently put on the market, as San Jose-based Peery-Arrillaga has listed Westport Office Park, a 968k sf office/R&D park in Redwood Shores. The complex, which ...
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• NoCal Deal Notes
9/14/04
EUREKA (Humboldt County) – Eureka! Someone bought the Eureka K-Mart and they paid $3.94 mil for the investment. That's all we know because all of the other details, including the address, building size, buyer, seller, etc are...
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• Alameda Office Condo Project is a New Venture
9/09/04
Venture Corporation, a Mill Valley-based developer of commercial condominiums for small- to medium-sized businesses, has broken ground on a 41k sf project on a 3.4-acre site at The Waterfront at Harbor Bay Business Park in Al...
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• NoCal Deal Notes
9/08/04
SAN FRANCISCO (San Francisco County) – Owners of Agave Restaurant & Tequila Lounge inked a 15-year, $2.8 mil lease for a 9k sf ($1.73/sf/mo) building at 130 Townshend St. The building is south of Market, about a block west of...
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• Pacific Plaza Floats into a RREEF
9/07/04
It looks like we can close the door on a possible sale that we hinted at back in May, as the 470k sf Pacific Plaza mixed-use development in Daly City was just sold. The recently completed complex was purchased by RREEF, while...
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• Financing Notes
9/03/04
George Smith Partners (GSP) arranged $39 mil for the refinancing of a 2.3 msf industrial complex on a leasehold in the city of Sacramento. It consists of 38 buildings that are currently 69% occupied.
The property is the for...
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• SNK and Captec Team Up in Multifamily Development Venture
9/02/04
SNK Realty Group and Captec Financial Group Inc have joined forces in the creation of SNK Opportunity Partners, LLC, a joint venture with plans to develop at least 15 new multifamily projects coast-to-coast during the next fi...
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• Guys in Milpitas Welcome Chick Packaging Business
9/01/04
Chick Packaging inked a 10-year lease for 130k sf of space at 206-218 Railroad Ave, south of Calaveras Blvd and east of I-880 in Milpitas. The property, which is in Wrigley Creek Industrial Park, is owned by CalPERS. Chick's ...
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• San Francisco Law Firm Inks Deal for 115k sf at One Market
8/31/04
Chalk up another big office lease in San Francisco, as the law firm of Sedgwick, Detert, Moran & Arnold has announced they will be relocating from Embarcadero Center to One Market, in a 10-year deal for 115k sf of space. Alth...
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• Bay Area Deal Notes
8/27/04
RICHMOND (Contra Costa County) – Castle Companies paid $16 mil for a 26-acre site on which they intend to develop 200 new homes adjacent to Richmond Golf Course. The site is off of Atlas Rd. Colliers International's Todd Seve...
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• Local Developer Looking for Gold in Silicon
8/26/04
A pair of Silicon Valley office properties with a combined value of around $170 mil have been put on the block by a local developer. The properties are Philips Crossroads Center, a two-building, 288k sf complex at 950-1000 We...
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• NoCal News Briefs
8/25/04
EMERYVILLE (Alameda County) – BRE Properties purchased two buildings, containing a total of 62k sf of space, at 1707 & 1715 64th St. The buyer plans to redevelop the properties into high-density, residential development. Tony...
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• Cushman & Wakefield Awarded New Assignments in San Francisco
8/24/04
Cushman & Wakefield has just been awarded newsworthy assignments for a couple of office buildings in San Francisco's financial district, one of which is the property and project management assignments for 425 Market St. C&W w...
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• BentleyForbes Mines for Office Buildings in Nevada City
8/23/04
BentleyForbes, the LA-based real estate investment firm, just purchased a three-building flex-tech campus in the NoCal town of Nevada City for $11.5 mil. The 151k sf ($76/sf) campus is 100% leased in a long-term agreement as ...
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• NoCal Deal Notes
8/20/04
HAYWARD (Alameda County) – Planter Technology agreed to a five-year, $700k lease for 15.1k sf ($0.77/sf/mo) of industrial space in the Huntwood Business Center, at 1258 San Luis Obispo. The three-building complex contains a t...
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