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June 10, 2023
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NORTHERN CALIFORNIA HEADLINES

 News

 Etc. Etc...
IDEAYA Biosciences Leases 44k sf in South San Francisco
6/08/23
Deal is at DivcoWest’s 5000 Shoreline Court

Two CA Central Valley Res Properties Sell in Deals Worth $15.6 Mil
6/07/23
Fresno and Visalia assets total 102 units



East Bay Industrial Park Secures $19.4 Mil Refi
6/06/23
Gantry arranges new loan on Central Avenue Center in Richmond

Madison Capital Group Acquires East Bay R&D Campus in $260 Mil Deal
6/05/23
575k sf Fremont property sold by Seagate Technology

Swenson Receives Approval by Santa Cruz City Council for Mixed-Use Development
6/02/23
Eight-story project will offer 276 res units over ground floor commercial space

Redevelopment of Burlingame’s Historic Post Office Property Well Underway
5/31/23
Project includes construction of new 185k sf office building and relocation of old post office

Ohana Real Estate Acquires the Claremont Hotel & Spa in $163 Mil Transaction
5/23/23
Asset was sold by FRHI Hotels & Resorts and The Blum Group

Four Multifamily Properties Trade in Deals Totaling Over $7 Mil
5/19/23
Assets traded at an average of $328k/unit

Premier Workspaces Opens New Location in Concord
5/17/23
Center boosts firm’s NoCal presence

San Jose Apartment Property Goes for $252k/Unit
5/15/23
61-unit Ranchero Palms had undergone extensive renovations over the years

Escapology Escape Room Commits to Trio of CA Locations
5/15/23
Franchise signs leases in Northridge, San Francisco and San Ramon totaling 15k sf

Prologis Picks Up Industrial Facility in the East Bay
5/11/23
Hayward asset sits on over five acres

Fully Leased R&D Facility in Sunnyvale Hits the Market
5/08/23
75k sf building is occupied by a US-based tech firm

South Sacramento Multifamily Property Trades for $111k/Unit
5/03/23
142-unit Continental Terrace includes excess land allowing for up to 16 ADUs

Recent Leases Bring San Mateo Power Center to Fully Leased
4/28/23
Bridgepointe Shopping Center sees 131k sf of deals over the past three years

Tishman Speyer and San Francisco Giants Begin Leasing Residential Units at First Project 28-Acre Mission Rock Campus
4/24/23
New 23-story res tower offers 283 units with 102 at below market rate

Trammell Crow Company and JV partner Clarion Partners Receive Approvals for Second Phase of Bay Area Industrial Development
4/20/23
Project will add 328k sf to Fairfield Industrial Center

Fresno Multifamily Property Trades for $124k/Unit
4/18/23
Deal is for 92-unit Northbrook Apartments

Sterling Organization Purchases Two Bay Area Retail Assets for $40 Mil
4/14/23
Transaction consists of a retail center and a strip center in Fremont

Silergy Technology Leases 28k sf of Silicon Valley Corp HQ Space
4/12/23
Deal is at Irvine Company’s Santa Clara Gateway office project

Terreno Realty Corporation Closes on 600k sf Industrial Buy in the Bay Area
4/11/23
Purchase is of four-building Morton Commerce Center in Newark

Fresno Multifamily Property Sells for $300k/Unit
4/11/23
49-unit Birch Commons was built in 2006

Shartsis Friese LLP Takes 26k sf of Office Space in San Francisco’s South Financial District
3/24/23
Law firm signs at 425 Market Street

Diversyfund Buys 61-Unit Multifamily Asset in Monterey County
3/24/23
JLL arranges $13 mil acquisition money for purchase of The Independent in Sand City

Volwood Management Buys Bay Area Office Building in $12.8 Mil Deal
3/21/23
29k sf property in Orinda goes for $443/sf

Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
The company has a portfolio of over 9.5 msf in the state

Oakland’s Historic Palace Theater Trades in $2.2 Mil Deal
3/15/23
Property purchased by BayTech Charter School

Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
3/09/23
Partnership with Praelium Commercial Real Estate and Singerman Real Estate affiliate spends $16 mil on 8.37-acre property in Pleasanton

Two-Tenant Retail Pad Property in the Sacramento Area Sells for $843/sf
3/07/23
4.8k sf asset Chipotle- and Sushi Roku-occupied asset is part of Freedom Point Plaza in Roseville

Longfellow Real Estate Partners to Develop 315k sf Life Sciences Project in the Bay Area
3/06/23
Millbrae development funded with $310 construction loan arranged by JLL

Solidigm Inks Lease for 170k sf in Rancho Cordova
3/03/23
Global semiconductor company signs at White Rock Corporate Campus in the Sacramento area

Vestar to Manage Hacienda Crossings Retail Property in Dublin
3/01/23
438k sf power center owned by PNC Realty Investors

Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield
3/01/23
The properties are located within Stanford Research Park

South San Francisco Hotel Fetches $182k/Room
2/28/23
170-room La Quinta by Wyndham Hotel purchased by affiliate of Laxmi Hospitality

Exchange Investor Pays $550/sf Single-Tenant Building in San Jose
2/17/23
Property is fully occupied by Citibank

Vivani Leases Life Science Building in the East Bay
2/15/23
Firm takes 43k sf facility at Radius @ Harbor Bay in Alameda

Nelson Rising Passes at 81
2/10/23
Real estate and civic leader played a role in many of the most significant commercial developments in California

Sacramento Area Office Building Sells for Over $10 Mil
2/10/23
Government agency buys 69k sf structure

Taipei Economic and Cultural Office Spends $52.8 Mil on San Francisco Office Building
2/09/23
Agency to occupy entire 56k sf property

Trion Properties Spends $23.6 Mil on Sacramento Multifamily Property
1/25/23
Courtyard at Artisan Square goes for $227/unit

Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills
1/24/23
Marshall Medical under contract to acquire the 246k sf property

91k sf Retail Center in the East Bay Gets New Owner
1/20/23
Deal is for Pinole Square

BentallGreenOak Buys Newly Constructed Sacramento Industrial Project
1/18/23
Purchase is of 308k sf Metro Air Park Logistics Center - Phase I

Morgan Stanley Pays Over $1,500/sf for Menlo Park Office Building
1/17/23
45k sf building fully occupied by Menlo Medical Clinic

MBK Rental Living Acquires Site in Petaluma for Res Development
1/12/23
Firm to build 134-unit, solar-powered apartment community on the land

Woodside Hotel Group Secures New Financing of $26.75 Mil on Two of Its NoCal Assets
1/11/23
Loans are secured by the Lafayette Park Hotel & Spa and The Lodge at Bodega Bay

Sacramento Area Retail Center Lands $16.75 mil Refi
1/09/23
Gantry arranges new loan on 135k sf Market Place at Town Center in El Dorado Hills

Fremont Multifamily Property Sells for $$27 Mil
1/06/23
Victoria Park goes for $453k/unit

Avanath Capital Management Spends $131 Mil on 297-Unit Bay Area Affordable Housing Portfolio
1/05/23
Purchase consists of two communities in Novato

Bay Area Life Science Development Pipeline Normalizes
5/19/23
JLL research suggests new development in the sector to slow after a 77% jump in 2022

Mark IV Capital Looking to Grow Its Industrial Presence in Five States
5/08/23
Justin Basie named President of Real Estate to oversee this initiative

Office Users Continue to Struggle with Higher Costs, Tight Labor and Supply Chains when Fitting Out Space
5/04/23
Cushman & Wakefield study shows average fit out costs in the Americas up 11% over previous year

Sacramento Industrial Market Showing Signs of Slowing
4/17/23
Kidder Mathews provides 1st Quarter 2023 update on the market

Industrial Construction Costs Ease Slightly but Remain Elevated
2/03/23
Per latest research from Cushman & Wakefield, competition for materials in a commodity constrained market, coupled with inflationary pressures, has driven construction costs higher across all real estate sectors.

Inflation, Experiential Real Estate and Alternative Sectors, Friend-Shoring and Metaverse Among 10 Global Trends to Watch in 2023
2/01/23
Avison Young identifies 10 key trends impacting commercial real estate in 2023

San Francisco Bay Area Residents Demand Tech-Enabled Solutions at Multifamily Properties
1/26/23
Landlords and property managers look for integrated solutions to accept, manage and safely secure incoming packages

Commercial Real Estate Financing Briefs
1/17/23
Recent transactions from iBorrow, JLL Capital Markets and George Smith Partners

Sacramento Office Market Ends Year with Rates and Vacancies on the Rise
1/06/23
Kidder Mathews provides fourth quarter update on the market

Despite Record New Supply, National Industrial Vacancy Dips Below 4%
12/28/22
Latest update from CommercialEdge shows continued strong demand pushing rents higher

Commercial Real Estate Financing Briefs
12/27/22
Recent deals from Sonnenblick-Eichner Company and Gantry

SIOR Northern California Chapter Names 2023 Board
12/23/22
Michael Carrigg, SIOR, with Colliers/Pleasanton will serve as president for the coming year

Burrell Aviation to Market National Portfolio of On-Airfield Build-to-Suit Development Sites at Strategic Airports Across the U.S
12/20/22
Firm selects Cushman & Wakefield for portfolio marketing assignment

New Survey Reveals that Employees Want the Office to Be a Place to Get Work Done, Not Just Connect
12/13/22
Gensler Research Institute’s U.S. Workplace Survey 2022 shares what employees want from the office and how the right workplace experience can increase their effectiveness.

 


 


 


 
 


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