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• Recent Signing Brings San Francisco Office Tower to 100% Leased
5/12/17
San Francisco’s One Sansome Street is now 100% leased after the most recent signing in which the State of California’s Department of Corporations took 5.4k sf of recently re-purposed space at the tower. There are now 54 diffe...
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• Swift Real Estate Partners Closes $152 Mil Refi on Bay Area Office Campus
5/11/17
Swift Real Estate Partners has refinanced its Rosewood Commons office property with a $152 mil loan arranged by CBRE Capital Markets’ Debt & Structured Finance and funded through a domestic bank. Rosewood Commons is a five-bu...
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• Class A Office Asset in San Francisco’s Jackson Square Fetches $882/sf
5/10/17
A 17k sf, Class A office building in San Francisco sold for $15 mil, or $882/sf. The property is located at 499 Jackson St, in the heart of the city’s historic Jackson Square.
The ‘Jewel Box’ building is 92% leased to six hi...
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• Buchanan Street Partners Closes $32 Mil Silicon Valley Office Buy
5/09/17
Buchanan Street Partners purchased the Bayland Building, a 116k sf office project located nearby Levi’s Stadium in Santa Clara, for $32.3 mil, or $278/sf. The building, located at 2953 Bunker Hill Lane, north of US Hwy 101 an...
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• Older Res Property in San Francisco’s Mission District Sells for $300k/Unit
5/08/17
A 28-unit multifamily property in San Francisco’s Mission District sold for $8.5 mil ($304k/unit). The property, located at 901 Valencia St, just west of US Hwy 101 and the San Francisco Bay, includes ground-floor retail spa...
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• Continental Partners Arranges $38.5 Mil on San Leandro Res Community
5/04/17
Continental Partners arranged $38.5 mil in financing on Bel Brook and Hideaway Apartments, a 146-unit multifamily property in the San Leandro submarket of the East Bay. The financing consists of a $31 mil bridge loan, as well...
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• Walnut Creek Office Complex Trades in $90 Mil Deal
5/02/17
PCCP LLC and Align Real Estate have purchased Walnut Creek Center, a 236.1k sf, Class A office project situated adjacent to the Walnut Creek BART station in Walnut Creek. The asset, originally constructed in 1983, was sold by...
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• Lane Partners Obtains New Financing to Reposition 236k sf Oakland Office Building
5/01/17
Lane Partners has landed $70 mil in balance sheet financing for 2150 Webster Street, a 10-story, 236k sf office building located in the heart of Oakland’s flourishing Uptown district. The building is currently 100% vacant, al...
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• DivcoWest Closes $73 Mil Office Buy in San Mateo
4/28/17
DivcoWest has purchased an 88k sf office property in downtown San Mateo in a deal said to be worth around $73 mil, or over $800/sf. The Class A building is located at 101 S. Ellsworth, just one block from downtown San Mateo’s...
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• Oracle Inks Oakland Office Lease
4/25/17
Oracle has signed a six-year lease for approximately 16k sf at 1330 Broadway in Oakland. Oracle will be located on the 17th floor of the 18-story, 313k sf office building in the city’s downtown area.
Oracle’s decision to le...
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• Financial Technology Firm Leases 86k sf at San Francisco Office Tower
4/13/17
Affirm agreed to an eight-year lease for 86.2k sf office space in San Francisco. The financial technology firm’s new space is at 650 California Street, a 33-story, 477k sf high-rise in the city’s Financial District owned by C...
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• Monterey Hotel Property Trades for $161k/Room
4/11/17
A local private investor has purchased Stargazer Inn & Suites, a 52-room boutique hotel in Monterey, for $8.4 mil, or $161.5k/room. It was sold by Monterey Signature Hotels.
Located at 1046 Munras Ave, the Stargazer Inn & Su...
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• Trion Properties Teams with NY-Based DVO Real Estate in $36 Mil Value-Add Res Buy in the East Bay
4/10/17
Trion Properties and joint-venture partner DVO Real Estate, out of New York, teamed up in the recent $36.6 mil acquisition of Bel Brook and Hideaway Apartments, a 146-unit ($251k/unit), value-add multifamily property in the E...
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• CBRE Opens New Oakland Office
4/06/17
CBRE Group has opened a new office in Oakland, in the core of the city’s downtown CBD. The space, on the 18th floor of 1111 Broadway, is part of CBRE’s global “Workplace360” initiative, the company’s leading-edge approach to ...
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• San Francisco Office Tower Sells for $750/sf
4/04/17
In an institutional-quality office buy in San Francisco, NY-based Blackstone Real Estate Partners has purchased 211 Main St, an 18-story, 417.3k sf tower in the city’s South Financial District. The asset was sold by Los Angel...
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• San Francisco Office Tower Trades for $185 Mil
3/30/17
An unidentified Asian investor has purchased 150 Spear Street, a Class A, 264.5k sf office Tower in San Francisco’s South Financial District, for $185 mil, or $700/sf. The 18-story high-rise was sold by Principal Real Estate ...
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• Summerhill Housing Group to Develop Nearly 1,000 Res Units in Santa Clara
3/28/17
We’ve learned of a major new residential development planned for Silicon Valley, as Summerhill Housing Group has announced they expect to move forward with Nuevo, a master-planned res project in Santa Clara that will be compr...
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• Google Leases 166k sf of Space in Downtown San Francisco
3/27/17
Tech giant Google Inc agreed to a 10-year lease for 166.5k sf of space in San Francisco. The deal, slated to commence in March 2018, is at Rincon Center II, owned by Hudson Pacific Properties.
Rincon Center is comprised of ...
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• 31-Acre Silicon Valley Development Opportunity Hits the Market
3/24/17
Shops@Terra, a partially entitled 31.2-acre commercial development opportunity in North San Jose, has been put on the market. Located on North First St and Hwy 237 in the heart of Silicon Valley, the development site offers c...
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• Bay Area Res Community Sells for $828k per Unit
3/23/17
Mallard Pointe, a lush, 22-unit resort-like multifamily community in the northern Bay Area suburb of Belvedere, changed hands in a transaction valued at $18.2 mil. The deal works out to $828k/unit, representing the highest pe...
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