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• Silicon Valley Office Asset Sells for Over $1,100/sf
5/27/22
In a Silicon valley office trade, 250 Cambridge, a three-story, 34.6k sf transit-oriented office building in Palo Alto, sold for $39.3 mil, or $1,136/sf. The property includes a 29-stall on-site parking garage. Current owners...
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• Westbank, Urban Community, Peterson and OPTrust Raising $1.5 Bil for Largescale, Net-Zero Initiative in San Jose
5/25/22
A venture comprised of Westbank, Urban Community, Peterson and OPTrust is looking to raise a capital stack of up to $1.5 bil for a largescale, net-zero initiative in San José. The partnership has enlisted a Cushman & Wakefiel...
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• MBK Rental Living and Haseko Corporation Acquire 19 Acres in the Bay Area for Residential Rental Development
5/25/22
MBK Rental Living has purchased a 19.5-acre site in Morgan Hill for development of a 389-unit, Class A for-lease residential community named Vida at Morgan Hill. MBK partnered with Haseko Corporation in what marks the two fir...
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• BD Leases 240k sf at Silicon Valley Office/R&D Campus
5/24/22
BD (Becton, Dickinson and Company), one of the largest medical technology companies in the world, has signed a long-term lease for 240k sf at Park Point, a creative office/R&D campus located at 115, 135 and 155 North McCarthy...
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• San Francisco’s One Sansome Tower Being Repositioned by Barker Pacific Group
5/23/22
Citigroup Center at One Sansome, a 42-story tower in San Francisco’s Financial District, is being transformed into a new entertainment and hospitality hub for the post-pandemic resurgence by the property owner, Barker Pacific...
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• Downtown Oakland Mixed-Use Asset Trades for $18.5 Mil
5/23/22
La Peralta Apartments, a mixed-use property consisting of 93 residential apartments and five office units in Downtown Oakland, sold for $18.5 mil. The sale closed at 4.61% cap rate.
La Peralta offered a rare opportunity to a...
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• Four Corners Properties Acquires Bay Area Property for Life Sciences Redevelopment Project
5/19/22
Four Corners Properties acquired Shoreway Innovation Center, a seven-acre property in the Bay Area city of Belmont that the firm intends to redevelop into a new life sciences campus, centrally located in the growing life scie...
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• The Bascom Group Spends $44 Mil on Two Fresno Apartment Communities
5/17/22
The Bascom Group has acquired two apartment communities in the Central Valley for a combined price of $44.5 mil, or $188.5k/unit, in an off-market transaction. The properties -- Casa de Luna Apartments and Casa del Sol Apartm...
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• Duke Realty is Underway on a Trio of Industrial Projects in the Bay Area
5/16/22
Duke Realty is experiencing significant interest in three new projects in San Francisco Bay Area submarkets. The projects are:
• a 302.8k sf speculative development in San Jose
• a 153.8k sf speculative development in Richmo...
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• CenterSquare Investment Management Picks Up 44k sf Sacramento Area Retail Center
5/16/22
CenterSquare Investment Management paid $17.25 mil for Waterman Grove Plaza, a 44.1k sf ($391/sf), value-add retail strip center in the growing Sacramento-area community of Elk Grove. The property was sold by Pacific Castle M...
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• LBA Realty Buys San Francisco Industrial Property
5/16/22
LBA Realty has purchased 300 Toland Street, a 1.76-acre site in San Francisco that includes an existing 22.7k sf industrial building. The price was not disclosed.
The property is ideally situated in the core industrial marke...
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• New Affordable Housing Project Opens Its Doors in Mountain View
5/12/22
Luna Vista Apartments, a new, 71-unit affordable housing development in Mountain View, has officially opened to the public. Located at 950 W. El Camino Real, the five-story project is a development of Alta Housing, a communit...
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• The Sobrato Organization Spends $71 Mil on San Francisco Creative Office Asset
5/05/22
The Sobrato Organization has acquired a 40.9k sf, creative office building in San Francisco’s South of Market (SOMA) district in a $71 mil ($1,736/sf), all-cash buy. The property is fully leased through January 2031 to Andree...
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• Timberlane Partners Acquires Two Boutique Hotels in Carmel-by-the-Sea
4/27/22
Timberlane Partners has purchased The Hideaway and The Getaway, two boutique hotels in Carmel-by-the-Sea totaling 58 rooms. The seller was Meriwether Co. A price was not given out.
Located near Carmel-by-the-Sea’s historic ...
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• Presidio Bay Ventures Leads Development Partnership for New 150k sf Life Science Building in San Carlos
4/25/22
A Presidio Bay Ventures-led partnership has obtained $188 mil to finance the development of 777 Industrial, a planned 150k sf, Class A, R&D and life science lab building to be built in San Carlos. The construction funding was...
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• 266-Acre NoCal Property Trades for Over $7 Mil
4/22/22
A unique, 266-acre property in NoCal’s Mount Shasta traded hands in a $7.15 mil transaction. The property, purchased by a Bay Area private investor, sits roughly 60 miles south of the California/Oregon border. The transaction...
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• Bay Area Light Industrial Campus Lands New Financing of $27.5 Mil
4/22/22
Fremont Tech Park II, a 140k sf, three-building, light industrial/R&D flex-tech campus in the Bay Area city of Fremont, has been refinanced with a new permanent loan for $27.5 mil. Originally developed in 1998, the modernized...
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• Bridgeton Holdings and Tidewater Capital Purchase Sonoma County Resort Property
4/18/22
A partnership between Bridgeton Holdings and Tidewater Capital has acquired the Dawn Ranch resort in Sonoma Wine Country. The price was not disclosed.
Located at 16467 CA-116 in Guerneville, Dawn Ranch Lodge is a resort with...
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• Sacramento-Area Multifamily Property Refinanced with New Loan for $34 Mil
4/15/22
American Capital Group has locked up a $34 mil refi loan on Laguna Creek Apartments, a 160-unit, garden multifamily community in Elk Grove. The loan was provided by Hartford Investment Management Company.
Located at 8760 Cen...
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• Bridge Investment Group Completes $72 Mil Bay Area Apartment Buy
4/14/22
Bridge Investment Group has acquired ReNew on Sunset, a 224-unit apartment community located in the Solano County city of Suisun City, for $72 mil, or $321.4k per unit. The asset was sold by FPA Multifamily.
Located at 831 P...
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