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May 27, 2024
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BAY AREA NEWS
Archive
1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  128
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• San Francisco Mixed-Use Tower Earns Fitwell 2-Star and LEED Platinum Ratings
3/08/24
345 California Street, an iconic, newly renovated Class A mixed-use office property in San Francisco, has achieved the prestigious Fitwel 2-star and LEED Platinum ratings. Fitwel is the pioneering real estate platform driving...
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• PCCP LLC and Alliance Residential Purchase Santa Clara Res Community in $125 Mil Deal
3/07/24
A joint venture of PCCP LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community in Santa Clara for $125 mil ($498k/unit). Prado was built by SummerHill Homes and delivered in April 2021. The...
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• New Food-First Hotel Project Will Bring 108-Room Resort to Northern California
3/05/24
Construction has begun on Appellation Healdsburg, a 108-room hotel resort on eight acres in Healdsburg, California. The project is a development of Comstock Development, Chef Charlie Palmer and Christopher Hunsberger’s newest...
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• Santa Clara Biz Park Sees Trio of Leases Totaling 175k sf of Space
2/23/24
There have been three recent leases totaling 175k sf of R&D/manufacturing space to report at Bassett Technology Park in Santa Clara, California. A fund sponsored by Hines acquired the campus in the summer of 2020. EOTech LLC...
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• G.W. Williams Co Picks Up 229k sf San Mateo Industrial Property in $38 Mil Transaction
2/22/24
Koll Cotton Center, a seven-building, 228.6k sf multi-tenant light industrial project in Phoenix’s Sky Harbor submarket, was acquired by San Mateo-based G.W. Williams Co in a $38 mil ($166/sf) transaction. The property was 98...
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• Supermicro Computers Spends $80 Mil on 20 Acres in San Jose
2/21/24
Supermicro Computers acquired a 19.7-acre, fully-entitled development site in San Jose in a recent $80 mil transaction. The property, located at 550 East Brokaw Rd, includes an existing 293.9k sf structure. Previously occupi...
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• Pleasanton Retail Property Refinanced with New 12-Year Loan for $8.6 Mil
2/12/24
Oak Hills Shopping Center, a 120k sf inline retail property in Pleasanton, was refinanced with a new permanent loan for $8.6 mil. The property, located at 5410-5480 Sunol Blvd, is anchored by Raley’s grocery, with co-tenants ...
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• Commercial Real Estate Financing Briefs
2/09/24
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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• Tidewater Capital Receives Final Approvals for Two Oakland Res Developments
1/31/24
San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown. The 533 Kirkham ...
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• Brothers International Holding Corporation Completes $20.5 Mil Refi of San Jose Retail Property
1/30/24
Brothers International Holding Corporation has obtained a $20.5 mil refi loan for Almaden Safeway Center, a 143.5k sf, grocery-anchored retail center located in San Jose. Almaden Safeway Center is spread across three buildi...
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• The Conservation Fund Acquires 3,650-Acre Cattle Ranch Near San Jose
1/29/24
Richmond Ranch, a 3,654-acre property near San Jose, was purchased by The Conservation Fund (TCF), a nonprofit organization committed to preserving U.S. land and water, for $16 mil. The property is a working cattle ranch with...
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• Broadcom to Sell 13 R&D Buildings Totaling Over 1 msf in Silicon Valley
1/26/24
Broadcom plans to sell the unused portion of its Palo Alto Campus at Stanford Research Park. Situated on 69.5 acres, the unused portion of Broadcom’s Palo Alto Campus at Stanford Research Park features 13 state-of-the-art R&D...
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• Stockbridge Capital Group Sells 1.7 msf Light Industrial Portfolio to Two Buyers
1/25/24
Stockbridge Capital Group has sold a 1.7 msf multimarket light industrial portfolio known as Project RedHawk. The portfolio was sold in four separate transactions to two different buyers between December 2023 and January 2024...
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• Sales Underway at New Bay Area Res Community
1/22/24
Sales have started for a Village Walk, a new NoCal residential community. The project, a collection of 15 new Craftsmen-style townhomes in the Bay Area city of Belmont, was developed by Regis Homes Bay Area LLC, a division of...
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• City of San Francisco Signs 98k sf Industrial Lease
1/17/24
The City of San Francisco recently inked a long-term lease for 98k sf of industrial space in San Francisco. The agency will use the space, located at 2177 Jerold Ave, for the Department of Homelessness and Supportive Housing....
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• City Center Realty Partners Buys Mixed-Use Building in San Francisco’s Marina District
1/11/24
City Center Realty Partners LLC purchased a freestanding, 4.5k sf retail and office property in San Francisco’s Marina District. Originally built in 1907, the two-story, multi-tenant building is located at 2197 Chestnut St...
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• BKM Capital Partners Completes $31 Mil Industrial Buy in Silicon Valley
1/09/24
BKM Capital Partners has acquired Junction Business Park, a multi-tenant, light industrial property in Silicon Valley’s sought-after Golden Triangle market, for $31 mil. The San Jose property consists of two buildings totali...
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• Broker Survey Predicts San Francisco Office Vacancy Rate to Return to 12% in 2029
1/04/24
Avison Young commercial real estate brokers recently participated in a Broker Sentiment Survey for the Bay Area. The exercise yielded some intriguing insights and predictions regarding various market-related topics including ...
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• Commercial Real Estate Financing Briefs
12/22/23
GANTRY – Tom Dao and Erinn Cooke with Gantry secured a total of $17.6 mil in permanent loans to refinance a pair of Bay Area self-storage facilities. The financings included $9.5 mil for SAF Keep San Ramon and $8.1 mil for SA...
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• Ross Robinson Named Market Leader at Avison Young’s San Francisco Office
12/21/23
Ross Robinson has been named Market Leader of Avison Young’s San Francisco office. Robinson will be responsible for growing Avison Young’s business development and recruitment efforts in the market and will continue to partne...
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