| American Capital Group to Begin Construction on Res Development in West Sacramento
Construction of Kinect @ Southport, a new, 322-unit suburban community located in the highly desirable West Sacramento submarket, is set to begin now that American Capital Group, the developer, has received funding for the pr...
| Dollinger Properties Lands $97 Mil in Take-Out Financing on New Silicon Valley Office Building
Dollinger Properties has locked $97 mil of new permanent financing to retire construction debt for a 152k sf, four-story, LEED Gold certified office building in Sunnyvale’s Peery Park office district. The non-recourse, balanc...
| E&S Ring Lands $46 Mil of Refi Loans on Trio of Bay Area Res Properties
E&S Ring has secured $46 mil in refi loans on a three-property multifamily portfolio in Pleasanton, CA. The garden-style portfolio consists of a combined 274 units and features community amenities including swimming pools and...
| SummerHill Apartment Communities Wraps Up Work on New Multifamily Project in South San Francisco
Nine88, a new mixed-use, multifamily community situated in the heart of South San Francisco, has been completed and has officially opened its doors to the public. The 172-unit project, a development of SummerHill Apartment Co...
| Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Aug 19 Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Venture between ProEquity Asset Management Corporation and Solaris Capital buys 245k sf asset in sale/leaseback deal with Blue Shield of Californ...
| MCA Realty Spends Just Over $10 Mil on Sacramento Industrial Portfolio
MCA Realty has purchased a small-bay industrial portfolio in Sacramento for $10.2 mil. The acquisition consists of three properties totaling 82.6k sf ($123/sf) of space.
The newly acquired portfolio is currently 100% occupie...
| MG Properties Group Buys Two Sacramento Multifamily Properties
MG Properties Group is further expanding its Sacramento presence with the acquisition of Eleanor and H16 Midtown Apartments, two multifamily communities totaling 190 units. The price was not given out.
The two newly combined...
| Avanath Capital Management Closes on 1,032-Unit Res Portfolio Buy in the Sacramento Area
Avanath Capital Management LLC has acquired six affordable family and senior multifamily communities totaling 1,032 units in the Sacramento metropolitan area in an off-market transaction valued at more than $181.6 mil.
| A Pine Tree-Led Venture Buys 414k sf Regional Retail Center in Sacramento
A venture between Pine Tree and a pension fund purchased Delta Shores, a 414.7k sf regional shopping center in Sacramento, for $122.5 mil ($295/sf). Located at 8270 Delta Shores Cir S, major tenants at the center include Dick...
| Oaktree Capital Management, L.P. and MG Properties Close $320 Mil San Jose Multifamily Acquisition
A joint venture made up of funds managed by Oaktree Capital Management, L.P. and MG Properties has purchased The Platform Urban Apartments, a 551-unit multifamily community in San Jose, in a $320 mil transaction. Completed in...
| Diversified Healthcare Trust Spends $82 mil on Bay Area Life Sciences Asset
Diversified Healthcare Trust (DHC) purchased Fremont Labs, a recently renovated, 89k sf Class A life sciences property in Fremont, for $82 mil ($921/sf).
Fremont Labs is positioned on a 4.7-acre site at 47071 Bayside Pkwy w...
| JB Matteson Locks Up $33 Mil Refi on Sacramento Multifamily Property
JB Matteson has secured a $33 mil refi loan on Granite Point Apartments, a 384-unit, Class A multifamily property the company owns in Sacramento. Built in 2003, the property is located at 4500 Truxel Rd.
Granite Point Apartm...
| Intercontinental Real Estate Corporation and Kennedy Wilson Pick Up Stockton Industrial Asset in $84 Mil Transaction
A joint venture between Intercontinental Real Estate Corporation and Kennedy Wilson has acquired Stockton Industrial Park, an 877.6k sf manufacturing and distribution facility in Stockton, CA, for $84 mil ($96/sf). The proper...
| Bay Area Res Community Trades in $193 Mil Deal
MG Properties acquired Eleanor Apartments, a 333-unit community in the Bay Area city of Milpitas, for $193 mil, or $580k/unit. The property is located at 312 Gates Dr, just north of Montague Expy about midway between I-880 an...
| Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
| California Capital & Investment Group Spends $38.5 Mil on Bay Area Office Building
California Capital & Investment Group has acquired The Terraces in Pleasant Hill, a six-story, 134.8k sf office property in Pleasant Hill, for $38.5 mil ($286/sf). The property was sold by Eagle Canyon Capital.
Located at 23...
| Two East Bay Sales Total $42.75 Mil
We’ve got two recent sales transactions from the East Bay to share, one for a self-storage facility in Fremont and the other for a multifamily community in Hayward. The deals totaled $42.75 mil and were brokered by Adam Levin...
| San Jose Multifamily Development Lands $345 Refi Loan
Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
| Novin Development Corporation Acquires 71-Unit Res Community in the Bay Area
Novin Development Corporation (NDC) acquired The Post, a 71-unit apartment community in the NoCal city of Pleasant Hill, for $23.15 mil ($326k/unit). The 40.8k sf apartment community acquisition was made possible through the ...
| Cogir-Led Venture Buys NoCal Assisted Living Facility
A joint venture between Cogir and a national investment partner spent $39.2 mil for Cortona Park, an assisted living community in Brentwood. Cogir will operate the community and has renamed it Cogir of Brentwood.