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• The Koll Company Spends $14.5 Mil on Bay Area Industrial Asset
3/25/21
The Koll Company acquired a 42.8k sf, single-tenant, NNN-leased industrial building in the San Francisco Bay Area community of Fremont. The asset was sold by BKM Capital Partners in an off-market transaction worth $14.5 mil (...
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• Investor Pays $588/sf for NoCal Dialysis Clinic
3/23/21
A 1031 exchange investor purchased a newly constructed, 11.4k sf outpatient dialysis clinic in Watsonville, CA for $6.7 mil ($588/sf). The deal had a closing cap rate of 5.15%.
The outpatient clinic is located at 5 Nielson S...
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• San Francisco Office of Avison Young Adds Veteran Tenant Rep Team
3/19/21
There have been some notable new hires at the San Francisco office of Avison Young. They include: Mark McGranahan, Marquard Anderson, Sean McCallum, Tim Hogan and Ross Robinson as Principals; Tyler Paratte and Jason Kreske as...
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• Anton DevCo Buys Santa Cruz Development Site
3/15/21
Anton DevCo acquired a 1.44-acre development site in downtown Santa Cruz. The sale consisted of multiple parcels located at Laurel St and Pacific Ave. Anton DevCo recently commenced construction at the site on a new 205-unit ...
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• Fresno Multifamily Community Traded for $29 Mil Between SoCal Investors
3/11/21
In a recent Fresno multifamily trade, a SoCal-based investor paid $29.25 mil for Park West Apartment Homes, a 256-unit ($114k/unit) residential rental community. Built in 1973, Park West Apartment Homes is located on a 23-acr...
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• Kilroy Realty Corporation Expected to Collect over $1 Bil from Sale of San Francisco Office Property
3/10/21
Kilroy Realty Corporation has signed a definitive agreement to sell The Exchange on 16th, a 750k sf office property located at 1800 Owens St in San Francisco’s Mission Bay neighborhood, for $1.08 bil, or approximately $1,440/...
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• Recently Developed San Francisco Res Project Lands $104 Mil in New Financing
3/09/21
Panoramic Interests has locked up new financing of $104 mil on City Gardens, a recently developed, 200-unit multi-housing property located in San Francisco.
City Gardens consists of two-, four- and five-bedroom micro-units,...
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• Oakland Office Building Trades in $400 Mil Deal
3/08/21
In a major Bay Area office trade, Mapletree Investments, out of Singapore, has purchased Uptown Station, a Class A, 397k sf office/retail building in Oakland. The 1920s-era property was sold by CIM Group in a transaction said...
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• New Residential / Retail Project Approved by San Francisco Planning Commission for City’s Mission District
3/05/21
The San Francisco Planning Commission has approved 321 Florida, a residential and retail arts project at Florida and 16th Streets in the city’s Mission District. The project is being developed by a venture between DM Developm...
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• Horizon Realty Advisors Buys 144-Unit Sacramento Apartment Community
3/04/21
Seattle-based Horizon Realty Advisors purchased Apex on the River, a 144-unit multifamily community in Sacramento, for an undisclosed price. Located at 8719 Woodman Way in the La Riviera submarket, the apartment complex backs...
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• BioScience Properties and Harrison Street Pay $40 Mil for Mountain View Building
3/04/21
A joint venture between BioScience Properties and Harrison Street purchased a 67k sf building in Mountain View for $40.75 mil ($608/sf). In light of strong demand for life science laboratory facilities, the buyer plans to imp...
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• Signature Development Group Lands $130 Mil in Construction Money for Oakland Res Project
3/04/21
Signature Development Group has obtained $130 mil in construction financing for the development of Brooklyn Basin – Parcel G in Oakland. The project is fully entitled for 371 multifamily apartment homes and 31k sf of retail s...
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• New Sacramento-Area Starbucks Trades at 4.14% Cap Rate
3/01/21
A new construction, single-tenant Starbucks Drive-Thru at Zinfandel Village, a grocery-anchored shopping center located at the on/off-ramp to U.S. Route 50 (Lincoln Highway) in Rancho Cordova, traded hands for $2.55 mil. The ...
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• Black Creek Group Underway with Bay Area Distribution Project
2/26/21
Black Creek Group has broken ground on a new 481.5k sf industrial development in the city of Richmond. The distribution project, situated on a 34-acre site at 500 Pittsburg Ave, near the intersection of Pittsburg Ave and Rich...
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• Hines Global Income Trust Spends $68 Mil on Silicon Valley Office/R&D Building
2/25/21
Hines Global Income Trust Inc has acquired a 129.2k sf, single-tenant office, research and development building in Santa Clara in a deal estimated to be worth $68 mil, or around $525/sf. The building is located at 5301 Patric...
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• Duke Realty Moving Forward on Multiple NoCal Industrial Projects
2/25/21
The NoCal office of Duke Realty acquired two recently upgraded industrial facilities in Oakland, 17.4 acres of land in San Jose and 7.9 acres of land in Richmond with plans to redevelop the two sites. The company also plans t...
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• Units Offered for Sale at New Affordable Housing Project in Brea
2/19/21
With construction now complete, sales efforts have begun at the Flats at West Village, a new 20-unit, affordable housing community in Brea. Developed by Trumark Homes in partnership with the City of Brea, the project offers a...
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• Sacramento-Area, Institutional-Quality Res Community Expected to Fetch Near $105 Mil
2/18/21
A recently developed suburban apartment complex is being marketed for sale in Roseville, a high-growth submarket within Sacramento — one of the best performing metros nationwide for multifamily sector growth.
The institutio...
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• Vacant Post Office Property in Burlingame to be Redeveloped into Modern Office/Retail Project
2/18/21
The Burlingame City Council has approved the development of a landmark project that will bring approximately 185k sf of office and retail space to the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
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• Nazareth Enterprises Pays $980/sf for Retail Building in Downtown San Mateo
2/16/21
Nazareth Enterprises Inc has purchased a 7.5k sf retail building in downtown San Mateo for $7.35 mil ($980/sf). The property is located at 616 S B St, between Hwy 82 and Delaware St.
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The property is currently leased by Ke...
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