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• San Francisco Garage to 43k sf Office Building Conversion Completed
10/12/16
Rubicon Point Partners has completed renovations on a now three-story, 43k sf building at 1125-1127 Mission, which was previously a garage. The building, which includes a finished basement, is situated in the heart of San Fra...
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• Berkeley Dev Site Snapped Up for Almost $3 Mil
10/10/16
A 9.1k sf vacant land development site in Berkeley has sold for $2.9 mil. The parcel, located at 3020 San Pablo Ave, one block south of Ashby Ave and a few blocks in from the Bay, is entitled for a 30-unit, mixed-use project....
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• Lowe Enterprises and Cigna Investment Management Pick Up 105k sf Walnut Creek Office Asset
10/07/16
CBRE’s Capital Markets’ Debt & Structured Finance team has arranged $24.1 mil in acquisition financing for the purchase of a 105.5k sf, Class A office building in Walnut Creek on behalf of a joint venture between Lowe Enterpr...
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• Adjacent Apartment Properties in Berkeley Sell for $355k/Unit
10/05/16
In Berkeley, two connected parcels containing apartment buildings with a combined 12 units, sold for a total of $4.26 mil. The deal works out to $355k/unit and $470/sf.
The Mediterranean-style buildings contain all one-bedro...
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• SST Investments Pays $13 Mil for Santa Clara Industrial Property
10/04/16
Sun Technology Park, a three-building, 69.8k sf industrial/R&D project in Santa Clara, was purchased by SST Investments LLC in a recent $12.95 mil ($185/sf) investment buy. It was sold by the Dick Lee Corporation.
Built in ...
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• Silicon Valley Office Asset Goes for $570/sf
10/03/16
A local real estate investor paid $18.7 mil for 2500 Faber Place, a 32.8k sf ($570/sf) office building in Palo Alto. The building was sold by San Francisco-based Drawbridge Realty.
The two-story life science building, locate...
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• New Owners to Start Work on Sunnyvale Town Center Development
10/03/16
STC Venture LLC has closed escrow on Sunnyvale Town Center, a 36-acre, mixed-use project that has been sitting unfinished since 2009. The property was sold by Wells Fargo.
STC Venture, a joint venture of Hunter Storm, Sares ...
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• Legacy Partners and SyRES Properties Start Work on Second Phase of Concord Res Development
9/27/16
Legacy Partners and SyRES Properties have just broken ground on the 180-unit, second phase of Renaissance Square, a luxury apartment community in Concord. In August 2016, Legacy Partners and SyRES Properties also acquired the...
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• Oakland Apartment Property Sells for $15.3 Mil
9/23/16
A local San Francisco buyer paid $15.3 mil for an 84-unit ($182k/unit) multifamily property in Oakland’s Lake Merritt area. The asset, which was acquired in an off-market transaction, is located at 421 East 18th St, at Park B...
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• Pleasanton Apartment Traded by Private Investors in $3.27 Mil Deal
9/23/16
A 10-unit, two-building apartment complex in Pleasanton was acquired by a private investor group in a recent, $3.27 mil ($327k/unit) transaction. The property, located at 4324 Railroad Ave, was sold by a private investor.
T...
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• Empire Square Group Buys 34k sf R&D Building in Milpitas
9/22/16
Empire Square Group has purchased 1701 McCarthy Blvd, a 34k sf R&D building located off of Montague Expy in the Oak Creek submarket of Milpitas. The Bay Area property is currently 100 percent leased and serves as Silicon Micr...
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• Planned Development in San Francisco’s Mid-Market Area to Move Forward with $34 Mil in Construction Money
9/21/16
Encore Capital Management has obtained $34 mil in ground-up construction financing for the development of a mixed-use property comprised of 90 for-sale housing units above ground-level retail space in San Francisco. The loan ...
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• $75 Mil Refi Loan Completed for Bay Area Hotel Property
9/20/16
Sonnenblick-Eichner Company has arranged a $75 mil of first mortgage leasehold refi loan for Cavallo Point-The Lodge at the Golden Gate located in the Marin County city of Sausalito. The financing was a non-recourse, five-ye...
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• Invesco Investing $103 million in The Piers
9/16/16
As reported in the San Francisco Business Times this past week, Invesco Real Estate, the large Atlanta-based global investment firm, is buying The Piers, an 82,158 square foot office and retail development at historic Piers 1...
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• Historic Building in San Francisco’s Mission District is Fully Leased
9/15/16
The Pioneer Building, an historic, 37.1k sf office building in the heart of San Francisco’s colorful Mission district, is now fully leased with the recent signing of a credit tenant for the remaining available space. The buil...
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• Investor Pays $1.65 Mil for Petaluma Res Property
9/14/16
A six-unit apartment property located in Petaluma traded for $1.645 mil, or $274k/unit. The property is located at 308 Vallejo St in one of the city’s most desirable neighborhoods.
The property sits on a 17.6k sf lot with fi...
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• Wareham Starts on New Office/Lab High-Rise in Emeryville
9/13/16
Another building is on its way at the 1.5 million square foot EmeryStation campus in Emeryville as San Rafael-based Wareham Development has started construction on EmeryStation West, the first ground-up office project in the ...
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• Berkeley Property Acquired as Redevelopment Opportunity
9/02/16
In development news out of the East Bay, Anchor Valley Partners acquired a 28k sf, five-unit retail property and potential re-development site in Berkeley for $6 mil. The site is located at 2565-2589 Telegraph Ave, just five ...
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• Pleasanton Office Asset Trades for Over $15 Mil
9/02/16
A San Francisco-based private investor has purchased The Atrium, a 74k sf, multi-tenant office building in Pleasanton. The asset, located at 5776 Stoneridge Mall Rd, sold for $15.5 mil, or $209/sf.
The property was sold by ...
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• Oakland Office Building Sells for $77 Mil
8/30/16
TMG Partners has acquired an eight-story 198k sf office building in Oakland. The property is located at 2201 Broadway, about three blocks west of Lake Merritt at Grand Ave. Although a price was not disclosed by the parties in...
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