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• PTLA Real Estate Group Lands $10.5 Mil in New Financing on Two Walnut Creek Res Properties
3/06/17
PTLA Real Estate Group has secured $10.525 mil on two Walnut Creek, CA apartment communities that it owns, Vista Terrace and Oak Terrace. Tom Wilson and director Chris Gandy with HFF arranged the two separate transactions thr...
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• Hines Begins Work on Oakland Res Project
3/02/17
Hines has started construction on MacArthur Commons, a new multifamily development located in Oakland's Temescal district. The development represents Hines' first for-rent residential project in the Oakland area.
The multif...
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• BroadSoft Leases 33k sf of Office Space at Santana Row
3/01/17
Here’s the latest news from Federal Realty Investment Trust’s Santana Row mixed-use/office campus in San Jose. Santana Row amenities encompasses 50 shops, 30 restaurants, a 215-room boutique hotel offering extensive full serv...
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• Two Historic Apartment Properties in San Francisco’s Pacific Heights Fetch $62 Mil
2/24/17
Two luxury apartment buildings with a combined 88 units in San Francisco’s upscale Pacific Heights neighborhood sold for $62 mil, or an average of just over $700k per unit, to separate buyers. In these deals, a 38-unit buildi...
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• Whole Foods Inks 52k sf Anchor Lease at Sunnyvale Retail Project
2/24/17
Whole Foods Market has signed a lease for a 52k sf grocery store in the heart of downtown Sunnyvale. The street-level store will anchor a retail project on the site of a mixed-use complex formerly known as Sunnyvale Town Cent...
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• Tristar Capital Buys 350k sf, Silicon Valley Office Asset Leased to Apple
2/23/17
Tristar Capital has acquired Crossroads III, an office property located at 410, 420, and 430 N. Mary Ave in Sunnyvale. The purchase was financed with a $232.56 mil loan provided by Natixis.
The acquisition consists of three...
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• Anvil Development Acquires Four Acres in Santa Rosa for Skilled Nursing Development
2/17/17
Anvil Development LLC has acquired just over four acres of undeveloped land spanning four parcels in the San Francisco Bay Area for nearly $1.45 mil. The buyer intends to develop a 37k sf skilled nursing facility that will in...
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• Thor Equities Spends $40 Mil on San Francisco Office Asset
2/16/17
In a recent San Francisco office buy, Thor Equities paid $40 mil for 634 Second Street, a 46.8k sf ($855/sf) office/retail property in the city’s SOMA District. It was sold by MCM Real Estate Services, part of Manchester Capi...
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• Cresta Properties Refinances Office Portion of Historic San Francisco Property
2/14/17
Cresta Properties recently obtained $14.6 mil in refi money for the 34.6k sf office component of 166 Geary Street, a historic 16-story office building overlooking Union Square in Downtown San Francisco. Cresta, based out of L...
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• Dedeaux Properties Partnership Acquires Six Industrial Assets in CA
2/13/17
In a recent transaction involving a portfolio of industrial properties in California, HFF arranged a joint venture equity partnership and represented the partnership in its acquisition of the six-property portfolio, and in it...
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• Trammell Crow Company Named Master Developer for 30-Acre, Spec Biz Park in the Bay Area
2/09/17
Trammell Crow Company (TCC) has been appointed by long-time partner Principal Real Estate Investors to serve as the master developer of San Leandro Business Center, a new speculative Class A industrial project that sits on a ...
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• 1960s Concord Multifamily Property Sold in $3.75 Mil Deal
1/31/17
Woodstone Apartments, a 20-unit multifamily property in the East Bay city of Concord, was purchased by an unnamed investor for $3.75 mil, or $187.5k/unit. The property is located at 4819 Clayton Rd, south of Hwy 4 and east of...
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• Mesa West Capital Arranges $64 Mil in Two CA Financing Deals
1/30/17
Here’s a quick look at two separate, short-term financing deals in CA totaling $63.8 mil. The transactions, both arranged by Mesa West Capital, are from both ends of the state, in Walnut Creek and San Diego.
In Walnut Creek,...
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• Work Started on First Tower of Oceanwide Holding’s 2.4 msf Mixed-Use Project in San Francisco’s Transbay Terminal Area
1/26/17
Work is underway on the First Street Tower at Oceanwide Center, a 2.4 msf, mixed-use development located at the corner of Mission and First Streets in San Francisco, less than one block from the Transbay Terminal. The project...
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• Long Market Property Partners Invests Over $8 Mil in the East Bay Office Market
1/23/17
Long Market Property Partners closed on a Bay Area office buy, paying $8.45 mil for the Vintage Office Building, a three-story, 27.1k sf ($312/sf) building in the East Bay city of Orinda. The building is located at 25 Orinda ...
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• Vanbarton Group Buys Retail Building in San Francisco’s Union Square
1/19/17
Vanbarton Group, in a venture with one of its U.S. pension fund partners, purchased a fully occupied, 12.3k sf retail property in San Francisco’s Union Square area. The acquisition was financed with $16 mil in first mortgage ...
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• Bay Area Senior Living Facility Purchased with $30 Mil in Acquisition Financing
1/13/17
Elder Care Alliance has acquired The Villa at San Mateo, a 135-unit independent living senior apartment and mixed-use community in San Mateo.The purchase was financed with a $30.4 mil loan arranged by CBRE Capital Markets’ De...
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• Verizon Renews San Francisco Space for Its Innovation Center
1/12/17
Verizon agreed to a five-year renewal for 42k sf of office space at Spear Street Terrace, a Class A office tower in the heart of San Francisco’s South Financial District. The space is used for Verizon’s “Innovation Center,” w...
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• First Building Completed at New 300k sf San Mateo Office Complex
1/11/17
Hines and Pearlmark have completed construction on one of the buildings at 400|450 Concar, a new Class A office complex totaling 305k sf on 3.3 acres in San Mateo. The 96k sf, four-story 400 Concar is now complete and availab...
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• Palo Alto Office Building Undergoes $4 Mil Repositioning
1/11/17
Meridian recently completed the $4 mil repositioning of a 12.5k sf, single-tenant office building located in Palo Alto, on behalf of a client. The building is located at 2626 Hanover St, within the Stanford Research Park.
T...
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