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Klein Investments Family Limited Partnership Closes $81 Mil Purchase of State-of-the-Art Building in San Jose 8/15/24 Klein Investments Family Limited Partnership has acquired Silicon Valley Innovation Hub, a 146.2k sf, state-of-the-art building in San Jose that is fully leased to Merck KGaA, Darmstadt, Germany. The property was sold by a jo...
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Former San Leandro Retail Center Lands $33 Mil Refi after Transitioning to Power Center/R&D Campus 8/07/24 B3 & Gaw have obtained a $33 mil bridge loan to refinance the old Bayfair Mall in San Leandro, which is successfully transitioning into a mixed-use retail power center and emerging R&D campus.
Encompassing over 715k sf of re...
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Windy Hill Ventures Secures $105 Mil in Take-Out Financing on New Bay Area Res Development 7/30/24 Windy Hill Property Ventures has obtained $105 mil in construction takeout refinancing for Artisan Crossing, a newly developed, 250-unit multifamily community in the Bay Area city of Belmont. The loan was provided by Varde Pa...
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San Francisco Officer Tower Sees Four Lease Signings Totaling 79k sf 7/25/24 There have been four recent lease signings totaling 79k sf of space at 650 California Street, an architecturally distinct 33-story office tower in San Francisco’s North Financial District. The high-rise is owned by Columbia P...
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Commercial Real Estate Financing Briefs 7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
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Lift Partners Awards 530k sf Management Portfolio to Kidder Mathews 7/15/24 Lift Partners has awarded Kidder Mathews an additional 530.4k sf of property in Northern California to manage. The majority of the space is industrial. This brings Kidder Mathews’ total square footage under management with th...
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San Francisco Office Vacancy Hits New Record High 7/09/24 KEY TAKEAWAYS Q2-2024 – SAN FRANCISCO OFFICE MARKET
Provided by Cushman & Wakefield
• The San Francisco overall office vacancy rate reached another record high in Q2 2024, up 60 basis points (bps) from Q1 2024 and 640 bps f...
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Silicon Valley R&D Market: Navigating Change with Continued Innovation 7/03/24 This report provided by real estate services firm Kidder Mathews
Market Highlights
• Asking lease rates increased 3.65% quarter-over-quarter to $2.65/sf/mo NNN.
• The vacancy rate saw a slight uptick from 9.8% to 10.3% quar...
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Luxury Res Development in Sunnyvale is Completed and Available for Leasing 6/26/24 Leasing is underway at The Martin, a new 479-unit, apartment community in downtown Sunnyvale. The 12-story project, a development of Sares Regis Group of Northern California (SRGNC), is located at 240 S. Taaffe St, south of C...
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Portfolio of Multifamily Properties in San Francisco’s Russian Hill and Nob Hill Districts Put on the Market 6/21/24 A portfolio of three historically significant multifamily assets in San Francisco’s Russian Hill and Nob Hill districts has been put on the market for the first time since their construction in the 1950s. The buildings, locat...
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Cityview Buys 130-Unit Bay Area Res Community 6/19/24 Cityview has acquired Tralee Village Apartments, a 130-unit multifamily project in the Bay Area city of Dublin. The three-story project is spread across two buildings and sits above more than 30k sf of curated ground-floor re...
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San Jose R&D Facility Lands New Owner 6/14/24 A Blue Owl Capital-managed fund acquired 1010 Rincon Circle, a 90.9k sf, state-of-the-art R&D facility in San Jose. The price was not disclosed.
The property is 100% leased to Quanta Cloud Technology (QCT), a publicly traded...
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Berkeley Property Purchased for Student Housing Development 6/11/24 A development site of just under a half-acre in Berkeley, less than five blocks from the University of California, Berkeley, was acquired for development of a 52-unit, 232-bedroom student housing project. The 0.43-acre proper...
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San Francisco Office Tower Sees 56k sf in Recent Lease Signings 6/04/24 There has been 55.9k sf of new leases signed at 140 New Montgomery Street, a 26-story, 298.5k sf office tower in downtown San Francisco. The latest new tenants at the building are super{set}, Calendly and Heidrick & Struggles...
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Commercial Real Estate Financing Briefs 5/28/24 CBRE CAPITAL MARKETS - Mark McGovern, Brian Cruz, Morgon Fraser and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a $22.65 mil refi loan on Fiesta Plaza, a 187.3k sf, grocery-anchored retail...
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First Link Apartments℠ in CA Has Started Leasing in Oakland 5/27/24 Link Apartments℠ Four12, a 157-unit res development in Oakland’s Jack London Square, has been completed and is now available for leasing. Located at 412 Madison St, the project is a development of Swenson, in partnershi...
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Hines Interests LP and Oaktree Capital Management Break Ground on East Bay Industrial Project 5/22/24 Work has started on Milmont Industrial, a new 267k sf Class A advanced manufacturing and distribution facility in Fremont, CA. The project is being developed by a venture of Hines Interests LP and Oaktree Capital Management, ...
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Community Preservation Partners Acquires 102-unit San Jose Senior Housing Project 5/22/24 CPP (Community Preservation Partners) has acquired Corinthian House, a 102-unit senior housing project in southwest San Jose, with plans to renovate the property. This is the fourth community in the Bay Area for CPP, jo...
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Flexible Gilroy Building Sells for $13.8 Mil 5/17/24 A 125.6k sf commercial building on 13.7 acres in the Silicon Valley city of Gilroy traded hands in a $13.8 mil ($110/sf) transaction.
Located at 7900 Arroyo Circle, with extensive freeway frontage along Hwy 101, the propert...
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Just Completed Res Development Brings 195 Units to South San Francisco 5/17/24 Sares Regis Group of Northern California (SRGNC) has completed construction on Celeste, a 195-unit residential development in downtown South San Francisco, adjacent to the city’s Caltrain station. The project was designed by ...
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