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• MG Properties Pays $90 Mil for Bay Area Res Community
9/14/23
MG Properties acquired Artist Walk Apartments, a 185-unit res community in Fremont, for $89.75 mil. The development, constructed in 2017, includes 30k sf of ground-floor retail.
Artist Walk Apartments is located at 3888 Arti...
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• East Bay Industrial Portfolio Under New Ownership after $103 Mil Trade
9/05/23
CIP Real Estate has acquired the Bayside Industrial Portfolio, a 14-building, 352.3k sf portfolio located in the East Bay city of Fremont, for $103.5 mil ($294/sf). The transaction was funded with $63 mil in acquisition finan...
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• The Swig Company and SKS Partners Acquire San Francisco Office Tower
9/01/23
The Swig Company and SKS Partners have completed the purchase of 350 California, a headquarters-quality, Class A office tower in the heart of San Francisco’s financial district. The seller was Mitsubishi UFJ Financial Group (...
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• Sunnyvale R&D Facility Purchased by BGO in $41 Mil Trade
8/31/23
BGO acquired a mission-critical, R&D facility totalling 75.4k sf in Sunnyvale that is fully leased by Apple. The property, located at 825 Stewart Dr, was sold by GI Partners.
The trade was valued at about $41 mil, according...
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• Westcore Acquires 3.5 msf California Industrial Portfolio
8/29/23
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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• Oakland Apartment Trade Works Out to $242k/Unit
8/28/23
An apartment trade in Oakland consisting of two side-by-side twenty-four-unit apartment buildings came in at $11.65 mil, or $242.7k/unit. The properties, located at 237-263 41st St, offer a mix of one- and two-bedroom units.
...
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• JRK Property Holdings Pays $93 Mil for 300-Unit Multifamily Community in San Jose
8/28/23
JRK Property Holdings has acquired Duo Apartments, a 301-unit Class A multifamily community in San Jose, for $93.5 mil ($310k/unit). The purchase was financed with a loan for $62 mil.
Duo marks the third acquisition out of ...
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• North Palisade Partners Pays Nearly $20 Mil for Eight-Acre Site in Hayward
8/24/23
North Palisade Partners acquired a nearly eight-acre site in the East Bay for $19.7 mil. The 100%-leased property, located at 4125 Breakwater Ave in Hayward, is a value-add IOS facility located at the base of the San Mateo-Ha...
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• Walnut Creek Retail Center Gets New Owner
8/22/23
Midtown Plaza, a 24.9k sf urban retail center in Walnut Creek was acquired by an institutional client advised by L&B Realty Advisors. The price was not given out.
Midtown Plaza, located in the heart of downtown Walnut Creek ...
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• San Jose Medical Office Building Purchased by Medical Organization
8/18/23
LGTC Group, an outpatient mental health center, purchased a freestanding, 17.2k sf medical office building in San Jose for $9 mil ($523/sf). The property is located at 4850 Union Avenue in the region’s West Valley community.
...
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• Oakland Office High-Rise Lands $172 Mil in C-Pace Financing
8/17/23
TMG Partners has obtained $172 mil in Commercial Property Assessed Clean Energy (C-PACE) financing on 300 Lakeside Drive, a landmark office building in Oakland that serves as the headquarters for Pacific Gas & Electric Compan...
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• Bay Area Office Building Gets New Owner in $15 Mil Deal
8/15/23
In a recent Bay Area office buy, a private investor paid $15.1 mil for a 34.5k sf ($438/sf) building in Burlingame. The property was sold by the California Society of Certified Public Accountants (CalCPA).
Built in 1950, th...
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• HYC Leases Final Building at Bay Area Spec Industrial Park
8/09/23
HYC, a global leader in industrial automatic test equipment and system solutions, leased the last 35k sf flex-tech building at Pacific Commons South (PCS). The 1.7 msf industrial business park in Fremont is now fully occupied...
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• Tishman Speyer and Mitsui Fudosan America Team Up in $33 Mil San Francisco Distribution Buy
8/08/23
Tishman Speyer and Mitsui Fudosan America (MFA) purchased a 126k sf, last mile warehouse and distribution facility in San Francisco’s India Basin submarket in a $32.75 mil off-market transaction. The urban infill property is ...
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• BH Properties Buys San Francisco’s Anchorage Square in $65 Mil Deal
8/08/23
BH Properties has acquired Anchorage Square, a 322k sf mixed-use property in the center of San Francisco’s famed Fisherman’s Wharf. The property was sold by Anchorage Holdings, a related entity of Abu Dhabi Investment Authori...
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• Advanced Building Solutions Spends $19 Mil on 18-Acre Development Site in Rocklin
7/21/23
Advanced Building Solutions (ABS) has acquired an 18.2-acre residential development site in Rocklin in a $19 mil transaction. The land is fully entitled for a 397-unit, garden-style multifamily development, pricing the land b...
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• Trammell Crow Company (TCC) and CBRE Investment Management Start Work on Bay Area Life Sciences Project
7/20/23
Trammell Crow Company (TCC) and CBRE Investment Management have broken ground on a 234k sf life sciences development in Redwood City, CA. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver during the...
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• Oakland’s Rotunda Building Signs Two New Tenants
7/18/23
In Oakland office news, there has been two lease extensions totaling 10k sf at the Rotunda Building, a 300k sf office and retail building located at 300 Frank Ogawa Plaza in downtown Oakland. The Rotunda Building is owned by ...
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• Burlingame Industrial Site Goes for $14.5 Mil
7/12/23
A 1.58-acre industrial site in the Bay Area city of Burlingame traded for $14.5 mil. The site, located at 890 Mahler Rd and 1550 Gilbreth Rd, is home to eight separate industrial suites in two adjacent buildings.
The transac...
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• Eden Housing Buys Res Properties Totaling 116 Units in Concord
7/11/23
Eden Housing, a non-profit organization, purchased two multifamily communities totaling 116 units in Concord, CA for $37.25 mil. The company will convert the properties, Sunset Pines and Coral Court Apartments, from market-ra...
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