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• Richmond Site to be Developed into 80k sf Warehouse/Office Project
3/24/04
Oakland-based GMB Realty Partners plans to develop an 80k sf warehouse/office project on a five-acre parcel that it just acquired at Meeker Ave and Marina Bay Pkwy in Richmond. Per the SF Business Times, GMB paid $1.5 mil ($6...
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• March 22, 2004 - $20 Mil Hob Nob on Top of Nob Hill
3/22/04
A San Francisco investment entity acquired a 72-unit apartment property at the top of Nob Hill. Located at 1221 Jones St, a couple of blocks north of California St, the complex sold for $20.5 mil, or about $285k/unit. Origina...
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• Fresno Warehouse Property Sells for $25/sf
3/19/04
A Sacramento investor purchased the Las Palmas Warehouse Complex for $3.345 mil. The two-building, 135k sf ($25/sf) complex sits on 7.5 acres of land located at 5405-5425 East Home Ave in Fresno, California. Originally buil...
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• NoCal News Briefs
3/18/04
OFFICE SALE – Fremont Office Center, a 180k sf complex at 2201 Walnut Ave and 39300 Civic Center Dr in Fremont, was purchased by Colton Companies. Per a recent Real Estate Alert, Colton paid $24 mil ($133/sf) for the property...
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• Pro Moves
3/17/04
Sylvia Melikian has rejoined MacFarlane Partners as principal, portfolio management/operations, where she will manage the portfolios of the company's urban-investment clients as well as oversee the firm's asset management, ri...
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• CB Richard Ellis is Taking Its Vitamins
3/15/04
The Vitamin Shoppe® has retained CB Richard Ellis to coordinate the retail chain's expansion in San Francisco. CB will coordinate The Vitamin Shoppe's real estate strategy to seek and acquire prime locations of 2k sf to 4k sf...
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• Standard Pacific Acquires another 217 Home Lots in Fairfield
3/12/04
Here's good news for the housing market in Northern California, as Standard Pacific Homes has purchased another 217 home lots in the Rancho Solano Golf Course master plan from Duc Housing Partners, out of Los Gatos. The acqui...
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• Sperry Van Ness is on the Grow in NoCal
3/11/04
Irvine-based Sperry Van Ness has expanded its presence in the Northern California, awarding an affiliation to Jack Turturici. Turturici will now serve as Senior Advisor for Sperry Van Ness/Turturici Properties Inc.
With o...
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• Whole Foods Gets the Whole $3 Mil
3/10/04
The San Francisco office of Newmark Realty Capital funded another pair of NoCal deals, both of which were located in San Rafael. In one of the transactions, William Monheit arranged a $3 mil loan for a 25k sf Whole Foods Mark...
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• California Pacific Takes 42k sf Space in SOMA
3/09/04
A 42k sf block of SOMA space has been filled, taking another small chunk out of the glut of direct and sublease space that still remains in the city. California Pacific Medical Center is the tenant in this latest deal, and th...
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• Sunnyvale Gets a Hickey
3/08/04
We've got a couple of NoCal industrial sales comps to share with you, one in Sacramento and the other in Silicon Valley. In the Sacramento deal, IMG/Rely Aid, a distributor of medical equipment, paid $3 mil for a 55k sf ($54....
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• Possible $270 Mil Retail Sale is Just a Stonestown Away
3/05/04
Here's the scoop on a major NoCal shopping center that's recently been put on the block, as Heitman Financial is looking to sell the 860k sf Stonestown Galleria in San Francisco. Per the San Francisco Business times, Heitman ...
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• Bay Area Lease Review
3/04/04
Here's a quick look at a few recent leases from San Francisco and some neighboring areas in the Bay Area. In the first deal, Topica Inc signed a five-year lease for 13.3k sf of space at 685 Market St in downtown San Francisco...
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• NoCal Financing Notes
3/03/04
The San Francisco office of Newmark Realty Capital has recently closed a couple of interesting NoCal financing deals, which we'll review in this article. In one deal, Newmark's Eric Von berg arranged permanent financing of $7...
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• Folsom Buyer Irons Out Details of $3 Mil Acquisition
3/02/04
In Folsom, the Heller Company, a Sacramento-based developer, purchased a 17.5k sf office building at 1024 Iron Point Rd, for $3.1 mil ($177/sf). The single-story building was constructed in 1992 and was vacant at the time of ...
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• A New Century Dawns on San Bruno
3/01/04
Century Theatres, the San Rafael-based motion picture exhibitor, has added another Peninsula location with a new state-of-the art theater located at The Shops at Tanforan, five minutes from the San Francisco Airport on El Cam...
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• The Fund Comes to an End at Shorenstein
2/27/04
Shorenstein Company, the big San Francisco-based office property owner, has announced the closing of Shorenstein Realty Investors Seven LP, the company's latest office real estate investment fund. The new fund was first opene...
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• NoCal Financing Notes
2/26/04
Johnson Capital, the Irvine-based real estate advisory and financing firm led by Guy Johnson, has been getting busy up in NoCal. Here's a quick review of a handful of recent financings that the company has placed in the North...
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• Redding Mobile Home Park Fetches $4.2 Mil
2/25/04
A private investor paid $4.2 mil for Twin View Mobile Home and RV Park, located at 481 Twin View Blvd in the NoCal city of Redding. The community contains 130 mobile home sites and 48 RV home sites and features such amenities...
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• Oyster Point is a Dunn Deal
2/24/04
Here's news of a major office management assignment on the peninsula, as Charles Dunn Company was named asset manager for Oyster Point, a 466k sf Class A office building at 395 and 400 Oyster Point in South San Francisco. Sit...
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