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• Step Up Housing Buys 240-Unit Affordable Housing Property in Richmond
11/08/24
Step Up Housing has acquired Vue at 3600, a 240-unit affordable housing property in the Bay Area city of Richmond. As part of the closing, a regulatory agreement was recorded against title requiring 180 units (75%) to be affo...
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• MBK Rental Living Finishes Work on New NoCal Multifamily Community
11/08/24
MBK Rental Living has completed the development of The Haven at Deer Creek, a Class A, 134-unit multifamily community located at 495 N McDowell Blvd in the NoCal city of Petaluma, All of the buildings have solar power.
The...
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• 100-Year-Old Apartment Building in San Francisco’s Alamo Park District Sells for $324k/Unit
11/06/24
An 18-unit trophy apartment building in San Francisco sold for $5.825 mil, or $323.6k/unit. The property is located at 655 Steiner St, three blocks east of Divisadero St on the southeast corner of Alamo Square Park.
Built in...
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• WPT Capital Advisors Entity Buys 500k sf Bay Area Industrial Asset
11/05/24
An affiliate of WPT Capital Advisors acquired a Class A, three-building, 517.9k sf industrial park in the Bay Area city of Richmond. The deal was financed with an $85 mil loan provided by PCCP LLC.
Built in 2015 and 2016, th...
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• Interior Design Work on San Francisco Bay Area Res Development Done by Nadia Geller Designs
11/04/24
The interior design installation has been completed at Portico, an eight-story, 378-unit resort-style multifamily community on the waterfront of the San Francisco Bay. Located at 37 8th Ave in Oakland, Portico is a developmen...
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• San Jose Affordable Housing Complex Refinanced with New $30 Mil Loan
10/30/24
The John Stewart Company has secured a $30.17 mil refi loan on Monte Alban Apartments, a 192-unit, garden-style affordable housing complex in San Jose. Built in 1970 and renovated in 2006, the property is located at 1324 Sant...
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• Bay Area Strip Center Gets New Owner in $9 Mil Deal
10/28/24
TownCentre Capital has purchased Twin Canyon Shopping Center, a 23.1k sf, retail strip center in San Ramon, CA, for $9 mil ($390/sf). Built in 1980, Twin Canyon Shopping Center sits on 2.36 acres at 2450-2550 San Ramon Valley...
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• Kidder Mathews Expands Brokerage in Silicon Valley with Four New Agents
10/25/24
Bob Shepherd, Paul Griffiths, Joe Swanson and Daniel Gromik have joined Kidder Mathews in Silicon Valley, as part of the firm’s strategic expansion in Northern California: Here’s more info on each:
• Bob Shepherd - executive...
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• Storage Corner Group Acquires 116k sf NoCal Self-Storage/Mixed-use Asset
10/25/24
Storage Corner Group, a Bay Area based self-storage and light-industrial focused investment firm, has obtained a $7.5 mil permanent loan for the acquisition and recapitalization of Storage Corner Marina and Marina Business Pa...
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• High-End Res Tower in San Francisco is 97% Sold
10/24/24
MIRA, a 392-unit luxury condominium tower in the East Cut neighborhood of San Francisco’s Downtown, is now 97% sold. The project, Located at 280 Spear St, just steps from the Embarcadero, was developed by Tishman Speyer and o...
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• Bay Area Multifamily Property Traded in $38 Mil Deal
10/24/24
In a recent Bay Area multifamily trade, Interstate Equities Corporation (IEC) purchased 888 Fourth St Apartments, a 108-unit recently completed mid-rise property in the heart of downtown Santa Rosa. IEC paid $38.25 mil ($350k...
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• Hawkins Way Capital Picks Up 79-Unit Student Housing Property Near UC Berkeley
10/23/24
Hawkins Way Capital LLC has purchased Varsity Berkeley, a mid-rise student housing complex located at 2024 Durant Ave in Berkeley. Constructed in 2015, Varsity Berkeley is a thriving student housing complex featuring 79 units...
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• San Francisco’s Historic Humboldt Bank Building to be Transformed from Office Space to Workforce Housing
10/18/24
San Francisco’s historic Humboldt Bank office building is set to undergo a transformation from underutilized office space into desperately-needed workforce housing. The renovation, located at 785 Market St, is a project of Fo...
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• San Francisco Office Demand Reaches Highest Point Since the Start of the Pandemic
10/17/24
This update was provided by real estate services firm Cushman & Wakefield
San Francisco’s office market was a bit of a mixed bag in Q3, according to the most recent San Francsico Office Market Report from Cushman & Wakefield...
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• High Street Residential Starts Work on Millbrae Residential Development
10/17/24
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has commenced construction on One Meadow Glen, a new residential community in Millbrae, a Bay Area city situated about 15 miles south of San ...
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• East Bay Single-Tenant Jack in the Box Property Sells for Over $1,500/sf
10/15/24
A private investor from Thousand Oaks paid $4 mil for a 2.6k sf ($1,538/sf), corporate single-tenant property occupied by Jack in the Box Drive-Thru in Alameda.
The drive-thru property, originally renovated in 1991, sits on ...
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• Oakland Apartment Property Sells for $293k/Unit
10/11/24
A 29-unit multifamily asset in Oakland sold for $8.5 mil, or $293k unit. The property is located at 765 Rand Ave, in Oakland's Lakeshore neighborhood between Lakeshore and Grand Avenues.
The property offers tenants access t...
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• Pacific Urban Investors Buys Milpitas Res Community
10/11/24
Here’s news of a large multifamily trade in Silicon Valley, Ascend Apartments, a 266-unit multifamily community in Milpitas, was acquired by Pacific Urban Investors in a recent off-market transaction said to be worth about $...
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• Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, celebrated its official grand opening this month. The project is a development of STC Venture LLC, a joint venture between affiliates of Hunter Pa...
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• Mary Hines and Jennifer Vergara Join CBRE as Vice Chairs
10/10/24
Mary Hines and Jennifer Vergara have joined CBRE as Vice Chairs to its Life Sciences Practice in the San Francisco Bay Area. The duo specializes in tenant and landlord representation of life science across the Bay Area and ar...
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