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• Cupertino Office Asset Purchased with $45 Mil in Financing
6/22/17
An affiliate of Harbor Group International LLC has obtained $45 mil in long-term financing for its acquisition of Torre Plaza, an 88.6k sf, Class A, institutional-quality office building in Cupertino. The ten-year interest-on...
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• Newmark Arranges $68 Mil in Financing on Three Silicon Valley Assets
6/22/17
Newmark has secured $67.75 mil in new long-term financing for three separate commercial properties located in the San Jose and Silicon Valley submarkets. Two of the transactions were for office properties and one for a big-bo...
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• Raintree Partners Underway with CA Mixed-Use Projects Valued at Over $500 Mil
6/20/17
OC-based Raintree Partners is currently under construction on three mixed-use projects in California totaling more than $500 mil in value. The projects include: a 465-unit apartment and co-working property in Sunnyvale; a 109...
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• Square Mile Capital Management Arranges $66.5 Mil in Construction Money for San Francisco Development
5/24/17
Square Mile Capital Management LLC has originated a $66.5 mil in construction money to finance the development of a multifamily / retail project in San Francisco. The project is a development of Rescore REIT, a private REIT s...
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• Lincoln Property Company Named Asset Manager for Transbay Transit Center in San Francisco
5/24/17
Lincoln Property Company has been selected as the asset manager of the Transbay Transit Center, a regional transportation hub under construction in the heart of downtown San Francisco.
The new center, considered to be the “...
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• Marketing Underway for Multibillion Dollar San Francisco Waterfront Development
5/23/17
Developer FivePoint has begun marketing efforts for The Shipyard, a multibillion-dollar waterfront community along San Francisco’s southeastern shoreline. We’re told the project is the largest urban development on the West Co...
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• Oakland Multifamily Property from 1964 Goes for $237k/Unit
5/23/17
A 16-unit multifamily in the prominent Piedmont/Grand Lake area of Oakland sold for $3.8 mil, or $237.5k/unit. The property, located at 3779 Harrison St, includes a penthouse unit.
Built in 1964, the property contains 15 two...
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• Solar Mosaic Leases 30k sf Within Oakland’s Kaiser Center Complex
5/23/17
Solar Mosaic has signed a long-term lease for 30k sf at 300 Lakeside Dr in Oakland. Terms of the lease were not disclosed.
The firm’s new space is on the 24th floor of the building, a 28-story tower within the Kaiser Center ...
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• Work About to Start on New Livermore Retail Center
5/19/17
Construction on The Shops at Livermore, a 115k sf mixed-use retail development located in the East Bay city of Livermore, is expected to get underway by the end of this month. The project, a development of RedMill Capital and...
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• Sares Regis Group of Northern California Starts Work on South San Francisco Res Project
5/19/17
Sares Regis Group of Northern California (SRGNC) has broken ground on Cadence, a 260-unit, luxury apartment development in South San Francisco. The 225k sf project, situated on just under two acres over two blocks at 398, 400...
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• Retail Space in San Francisco’s Mid-Market Area Goes for Nearly $1,400/sf
5/17/17
A foreign investor purchased two retail condominiums totaling 3.1k sf in San Francisco’s revitalized Mid-Market corridor for $4.3 mil. The transaction works out to a cap rate of 3.75% and a price of $1,387/sf, which we’re tol...
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• Investor Pays Over $12 Mil for Two NoCal Multifamily Properties in Fairfield
5/15/17
Coco Palms and The Orient Apartments, two low-rise, garden communities totaling 125 units in the NoCal city of Fairfield, have sold for $12.2 mil ($97.6k/unit). The properties were acquired by Riaz Capital, a multifamily inve...
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• SummerHill Apartment Communities Wrapping Up Work on New Santa Clara Community
5/15/17
Villas on the Boulevard, a new 186-unit luxury residential rental community in Santa Clara, is about to be completed. The project, located at at 2615 East El Camino Real, is a development of SummerHill Apartment Communities.
...
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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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