| TireHub Leases New Oakland Industrial Facility
TireHub, a national tire distributor cofounded by The Goodyear Tire & Rubber Company and Bridgestone Americas Inc, has pre-leased Prologis Park, a newly constructed, 58.5k sf industrial facility in Oakland. The facility is si...
| Cannae Partners Buys 128k sf Milpitas R&D Property
A partnership controlled by San Francisco-based Cannae Partners purchased a freestanding, 127.6k sf R&D property in Milpitas for $32.8 mil ($257/sf). The property, located at 275 S. Hillview, was sold by Analog Devices Inc, w...
| Single-Tenant NoCal Grocery Outlet Trades Hands for About $400/sf
A brand-new, 16k sf single-tenant net-leased investment occupied by Grocery Outlet in Fresno County, CA sold for $6.37 mil, or $398/sf. The deal closed at a cap rate of 4.90%.
The Grocery Outlet building is located on 2.08 ...
| Ridge Capital Investors & Westbrook Partners Purchase Silicon Valley Industrial Facility for $45 Mil
A joint venture between Ridge Capital Investors & Westbrook Partners has acquired a 258.1k sf, Class A industrial facility in Silicon Valley for $45 mil, or $174/sf. The structure, located on 14.7 acres at 755 Jarvis Drive wi...
| Bay Area Retail Center Gets New Owner in $20 Mil Sale
Village Shopping Center, a 67.2k sf, two-story retail center in Danville, CA, sold for $20.4 mil, or $303/sf. The buyer was Blake Griggs Properties LLC.
Built in 1977, Village Shopping Center is occupied by 32 tenants, rangi...
| Office/Retail Building on Market Street in San Francisco Listed for Sale
A six-story plus basement, 50.9k sf office and retail building located on San Francisco’s Market Street has been put on the market. The property, 1049 Market, offers the buyer one of the first office-to-residential conversion...
| Fresno Apartment Property Sells for $131k/Unit
The Reserve, a 76-unit community located just outside of the downtown area of Fresno, was acquired by a SoCal private investment group for $10 mil, or $131.5k/unit.
Built in 1968, The Reserve is located on 220 South Callisc...
| Investors Trade 27-Unit Apartment Building in the East Bay
The Point apartments, a multifamily apartment building in Point Richmond, CA, was acquired by a private investor for $14.97 mil. The 28.5k sf property, located at 401-403 South Garrard Blvd, 13 miles northwest of downtown Oak...
| Invesco Closes on 410k sf NoCal Industrial Pick-Up
In a notable NoCal industrial acquisition, Invesco purchased Butterfield 5 Technology Park, a five-building, 410k sf Class A industrial park in Morgan Hill. The property, just completed in 2022, was sold by Trammell Crow Comp...
| Historic Ford Point R&D Campus in Richmond Sells in $104 Mil Deal
Ford Point, a historic 478.8k sf, high-end creative R&D asset in Richmond, CA, was acquired by New York-based Madison Capital and Meadow Partners in a $103.7 mil ($217/sf) transaction. The landmark waterfront property was sol...
| San Leandro Office Campus Trades
Creekside Plaza Office Park, a three building, 227.8k sf Class A multi-tenant office campus plus a development site in San Leandro, was acquired by an unnamed institutional investor. The price was not given out.
Built in pha...
| Commonwealth Partners Acquires 719k sf Silicon Valley Office Campus
Commonwealth Partners purchased a four-building, 719k sf office campus in Sunnyvale’s Moffett Park neighborhood in a deal valued said to be worth over $700 mil. The campus, fully leased to Meta, was sold by Tishman Speyer.
| New Res Project in San Francisco’s Portrero Hill Neighborhood is Completed
A new 127-unit res development in San Francisco’s Potrero Hill neighborhood has opened to the public. The project, 88 at the Park, is located at 88 Arkansas St, at the corners of 17th and Arkansas Streets.
Built by First Cit...
| Work Started on 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
The Mission Rock Partners development team, a collaboration of the San Francisco Giants and Tishman Speyer, have begun construction on Parcel F, a 23-story multi-family residential tower in San Francisco’s Mission Rock neighb...
| North Palisade Partners Buys 2.24-Acre Bay Area Industrial Asset
North Palisade Partners has acquired Palisade Whitney Logistics Yard, a 2.24-acre industrial outdoor storage / multi-use yard in Fremont, CA, for roughly $8 mil.
Located at 300 Whitney Place, the industrial infill site wit...
| Bay Area Peninsula Mixed-Use Project Nearing Completion
Gateway at Millbrae Station, a mixed-use, neighborhood center located at the steps of the Millbrae BART and Caltrain stations in the Bay Area, is nearing completion. The project, a development of Republic Urban Properties an...
| Agora Realty and Management Pays $285/sf for Sacramento Area Retail Center
Agora Realty and Management purchased Antelope Marketplace, a 115.5k sf retail center located at 7901 Walerga Road in Antelope, a suburb of Sacramento, for $33 mil ($285/sf). The property was sold by Philips Edison & Company....
| Urban Land Development Starting Construction on Boutique Office Project in San Francisco
Demolition is underway for construction of 531 Bryant, the first ground-up boutique office development in the South Park neighborhood of San Francisco’s Central SoMa. The building, a development of Urban Land Development (ULD...
| Grosvenor Buys Development Site in Oakland
Grosvenor has acquired two parcels totaling 39.5k sf of space in Oakland for new development. The fully entitled land, located at 2600 Telegraph Ave, will be used for construction od 225 rental homes and 6k sf of retail, with...
| Trammell Crow Company and Clarion Partners LLC Start Work on 200k sf Bay Area Industrial Project
Trammell Crow Company and JV Partner Clarion Partners LLC have broken ground on a 205.2k sf industrial facility in Fairfield. The project, located at 2725 Low Court, is slated to be completed in the Spring of 2023.