| Oakland Apartment Trade Works Out to $242k/Unit
An apartment trade in Oakland consisting of two side-by-side twenty-four-unit apartment buildings came in at $11.65 mil, or $242.7k/unit. The properties, located at 237-263 41st St, offer a mix of one- and two-bedroom units.
| JRK Property Holdings Pays $93 Mil for 300-Unit Multifamily Community in San Jose
JRK Property Holdings has acquired Duo Apartments, a 301-unit Class A multifamily community in San Jose, for $93.5 mil ($310k/unit). The purchase was financed with a loan for $62 mil.
Duo marks the third acquisition out of ...
| North Palisade Partners Pays Nearly $20 Mil for Eight-Acre Site in Hayward
North Palisade Partners acquired a nearly eight-acre site in the East Bay for $19.7 mil. The 100%-leased property, located at 4125 Breakwater Ave in Hayward, is a value-add IOS facility located at the base of the San Mateo-Ha...
| Walnut Creek Retail Center Gets New Owner
Midtown Plaza, a 24.9k sf urban retail center in Walnut Creek was acquired by an institutional client advised by L&B Realty Advisors. The price was not given out.
Midtown Plaza, located in the heart of downtown Walnut Creek ...
| San Jose Medical Office Building Purchased by Medical Organization
LGTC Group, an outpatient mental health center, purchased a freestanding, 17.2k sf medical office building in San Jose for $9 mil ($523/sf). The property is located at 4850 Union Avenue in the region’s West Valley community.
| Oakland Office High-Rise Lands $172 Mil in C-Pace Financing
TMG Partners has obtained $172 mil in Commercial Property Assessed Clean Energy (C-PACE) financing on 300 Lakeside Drive, a landmark office building in Oakland that serves as the headquarters for Pacific Gas & Electric Compan...
| Bay Area Office Building Gets New Owner in $15 Mil Deal
In a recent Bay Area office buy, a private investor paid $15.1 mil for a 34.5k sf ($438/sf) building in Burlingame. The property was sold by the California Society of Certified Public Accountants (CalCPA).
Built in 1950, th...
| HYC Leases Final Building at Bay Area Spec Industrial Park
HYC, a global leader in industrial automatic test equipment and system solutions, leased the last 35k sf flex-tech building at Pacific Commons South (PCS). The 1.7 msf industrial business park in Fremont is now fully occupied...
| Tishman Speyer and Mitsui Fudosan America Team Up in $33 Mil San Francisco Distribution Buy
Tishman Speyer and Mitsui Fudosan America (MFA) purchased a 126k sf, last mile warehouse and distribution facility in San Francisco’s India Basin submarket in a $32.75 mil off-market transaction. The urban infill property is ...
| BH Properties Buys San Francisco’s Anchorage Square in $65 Mil Deal
BH Properties has acquired Anchorage Square, a 322k sf mixed-use property in the center of San Francisco’s famed Fisherman’s Wharf. The property was sold by Anchorage Holdings, a related entity of Abu Dhabi Investment Authori...
| Advanced Building Solutions Spends $19 Mil on 18-Acre Development Site in Rocklin
Advanced Building Solutions (ABS) has acquired an 18.2-acre residential development site in Rocklin in a $19 mil transaction. The land is fully entitled for a 397-unit, garden-style multifamily development, pricing the land b...
| Trammell Crow Company (TCC) and CBRE Investment Management Start Work on Bay Area Life Sciences Project
Trammell Crow Company (TCC) and CBRE Investment Management have broken ground on a 234k sf life sciences development in Redwood City, CA. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver during the...
| Oakland’s Rotunda Building Signs Two New Tenants
In Oakland office news, there has been two lease extensions totaling 10k sf at the Rotunda Building, a 300k sf office and retail building located at 300 Frank Ogawa Plaza in downtown Oakland. The Rotunda Building is owned by ...
| Burlingame Industrial Site Goes for $14.5 Mil
A 1.58-acre industrial site in the Bay Area city of Burlingame traded for $14.5 mil. The site, located at 890 Mahler Rd and 1550 Gilbreth Rd, is home to eight separate industrial suites in two adjacent buildings.
| Eden Housing Buys Res Properties Totaling 116 Units in Concord
Eden Housing, a non-profit organization, purchased two multifamily communities totaling 116 units in Concord, CA for $37.25 mil. The company will convert the properties, Sunset Pines and Coral Court Apartments, from market-ra...
| Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City
Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
| Windy Hill Property Ventures and Rockwood Capital Pick Up San Jose Res Asset in $83.5 Mil Deal
A joint venture of Windy Hill Property Ventures and Rockwood Capital has acquired Vespaio, a 162-unit Class A multifamily community located in a highly amenitized area in central San José, for $83.5 mil ($515k/unit).
| San Francisco Office Vacancies Continue to Reach New Heights
This report was provided by real estate services firm Kidder Mathews
Total Vacancy climbs to 26.8%
Sublease Vacancy increased by 80 bps quarter-over-quarter to 5.8%.
There is a large discrepancy between pr...
| Six Bay Area Multifamily Trades Total $19 Mil
Here’s a quick update on six multifamily transactions in the Bay Area that totaled more than $19 mil. The deals were brokered, at least in part, by Levin Johnston of Marcus and Millichap, who represented the sellers and sourc...
| Mission Rock Partners Tops Out 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, recently marked the topping out of Parcel F, a 23-story multifamily residential tower in S...