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• TruAmerica Multifamily Picks Up 136-Unit, Class A Res Property in San Francisco
6/14/16
TruAmerica Multifamily has boosted its 1,000-unit multifamily portfolio in the San Francisco Bay area with the acquisition of a newly constructed, 136-unit Class A apartment complex in the city’s Bayview District. TruAmerica...
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• Commercial Real Estate Financing Briefs
6/09/16
NEWMARK REALTY CAPITAL - Demetri Koston and Skip Slavin of Newmark Realty Capital have arranged $10.2 mil in permanent financing for Lincoln Heights, a stabilized grocery-anchored multi-tenant retail center in Spokane, WA. Th...
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• Strong Demand Spurs New 260k sf Sonoma County Industrial Project
6/09/16
A 260k sf industrial project in Sonoma County is slated to break ground this summer. The $32 mil, ground-up project is a joint venture of Washington Capital Management and VSP LLC.
The 20-acre property sits at the corner of ...
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• Morpho Detection Renews Newark Space
6/08/16
Morpho Detection LLV, a global leader in security and identity solutions, has inked a renewal for its 111.9k sf space at Bridgeway Technology Center, a Class A property in the Bay Area city of Newark. Terms of the deal were n...
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• French Based Tech School Acquires 200k sf in the Bay Area for First US Campus
6/08/16
A non-profit technology school based in Paris, known as 42, has acquired nearly 200k sf of space in the Bay Area for the launch of its first US campus. The school purchased two properties consisting of a 100k sf classroom bui...
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• Silver Peak Systems Takes an Additional 74k sf at Santa Clara Biz Park
6/07/16
Silver Peak Systems has expanded its space by an additional 74k sf within @Central (formerly known as Airport Technology Park) in Santa Clara. Reflecting the company’s second spurt of growth in less than two years, Silver Pea...
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• Commercial Real Estate Financing Briefs
6/06/16
NEWMARK REALTY CAPITAL -- Mark Ritchie, Jeff Wilcox, Charlie Kokernak and Armen Hadjimanoukian with Newmark Realty Capital Inc have arranged $38 mil in permanent financing for 85 Bluxome, a 57k sf, Class A office building in ...
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• CBRE Arranges $120 Mil for Two Silicon Valley Office Buildings
6/02/16
Sand Hill Property Company, along with its joint venture capital partner, has obtained $120 mil in financing for two office buildings totaling 260k sf, located within Main Street Cupertino, in the Silicon Valley city of Cuper...
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• Newark Industrial Project Will Bring 140k sf of High-Image Space to the Region
6/02/16
OMP Eureka Landing, a 140k sf, high-image, advanced manufacturing industrial project in Newark, is under construction and available immediately. The project, a development of Overton Moore Properties, can accommodate up to 45...
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• Dasher Technologies Inks Deal for 25k sf in Campbell
6/02/16
Dasher Technologies has signed a long-term lease for 24.7k sf of space at Campbell Technology Park in the Bay Area city of Campbell. Dasher, a premier IT solutions provider, is repositioning and expanding its occupancy within...
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• Prologis to Develop 750k sf Logistics Project at Former Oakland Army Base
5/27/16
Global industrial REIT Prologis is planning to develop a new project slated to contain up to 750k sf of space in the East Bay, at the former site of the Oakland Army Base. The first phase of the prject, called Northeast Gatew...
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• Phase II of San Jose Office Project Breaks Ground
5/26/16
SteelWave and its partner USAA Real Estate Company have broken ground on Phase II of America Center, a two-building, 450k sf addition to this three-phase office development in San Jose. The groundbreaking was held this past M...
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• KBS Strategic REIT Picks Up 125k sf Silicon Valley Office Property in $51 Mil Deal
5/25/16
KBS Strategic REIT II closed on the acquisition of Lincoln Court, a 123.5k sf, Class A office building in Campbell, a suburb of San Jose within Silicon Valley’s West Valley, for $51.5 mil, or $417/sf. The three-story building...
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• Dan Rosenbaum Hired as Senior Vice President at Meridian Property Company
5/25/16
Dan Rosenbaum has been hired as senior vice president at Meridian Property Company, the San Ramon-based division of Marcus & Millichap Company. Meridian is a full-service real estate developer, having completed over 1 msf of ...
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• Bay Area Retail Center Trades for $12 Mil
5/24/16
Olivera Crossing, a 47.6k sf, neighborhood shopping center in the Bay Area city of Concord, was acquired by Sterling Organization in a recent $12 mil ($252/sf) transaction. The asset was purchased via the firm’s institutional...
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• Berkeley Apartment Property Fetches $478k/Unit
5/24/16
An eight-unit apartment building in Berkeley sold for $3.825 mil, or $478.1k/unit and $590/sf. From what we’ve been told, both the price per unit and the price per square foot are likely records for apartments in Berkeley bui...
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• East Bay Retail Redevelopment Project Gets Third of Three Needed Approvals from City of Walnut Creek
5/23/16
Tallen Capital Partners LLC and Citivest Commercial LLC, along with their equity partner, have received the third of three approvals needed to begin a dramatic redevelopment of Rossmoor Shopping Center, a retail center in the...
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• San Jose Office Building Sells in $44 Mil Deal
5/18/16
Griffin Capital Essential Asset REIT II Inc has purchased 350 E. Plumeria Drive, a two-story, 142.7k sf office / R&D building in San Jose, for $44 mil ($308/sf). The property was sold by KBS Real Estate Investment Trust II (K...
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• San Franciso Office Tower Trades Hands
5/18/16
An investment entity known as Sidra Montgomery LLC has purchased 180 Montgomery Street, a 25-story, 303.3k sf fully-stabilized Class A trophy office building located in the heart of San Francisco’s Central Business District. ...
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• TMG Partners Sells 95k sf Building in San Jose
5/17/16
TMG Partners has sold a 95.6k sf building at Champion Station in San Jose to China-based GEIRNA. The building, located at 250 West Tasman Dr, south of Hwy 237 and west of I-880, is estimated to have sold for around $37.5 mil....
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