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• NoCal Multifamily Brokerage Team of Keith Manson, Zachary Greenwood and Mac Watson Joins Cushman & Wakefield
1/21/25
The veteran NoCal multifamily brokerage team of Keith Manson, Zachary Greenwood and Mac Watson has joined Cushman & Wakefield to lead the firm’s Northern California Multifamily Capital Markets. The move will enable Cushman & ...
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• Silicon Valley Office Market Sees Strong Leasing Activity and Declining Vacancy Amid Construction Slow-Down
1/15/25
This report provided by CBRE
MARKET HIGHLIGHTS
• Santa Clara County’s labor force stood at 1.03 million with 990,000 employed residents at the close of Q4 2024. The unemployment rate closed the quarter at 4.2%, a 29-basis-p...
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• Realterm Closes on 13-Property IOS Portfolio Buy
1/13/25
Realterm purchased a 13-property industrial outdoor storage (IOS) truck terminal portfolio totaling 631.6k sf across 131 acres in seven major U.S. markets. The portfolio, which is 97% leased to 10 tenants, consists primarily ...
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• Barker Pacific Group Founder and CEO Michael Barker Passes Away
1/10/25
Michael Barker, Founder and CEO of Northern California-based Barker Pacific Group, has passed away at 80 years old. Barker, who founded the company in 1983, died suddenly on Saturday, December 7, 2024, after falling while vis...
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• San Mateo Retail Center Trades in $127 Mil Transaction
1/10/25
Bridgepointe Shopping Center, a 231.7k sf community retail center in San Mateo, was acquired by a joint venture between Sterling Organization and Cohen & Steers in a $127 mil ($548/sf) transaction. The asset was sold by Nuvee...
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• Terry Bell and Joe Elliott Join CBRE
1/09/25
Terry Bell and Joe Elliott have joined CBRE, out of the firm’s Silicon Valley office. The duo specializes in leasing office, R&D, and industrial properties globally.
Bell and Elliott join from Colliers. Notable clients incl...
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• Bay Area Industrial Outdoor Storage Portfolio Acquired by Realterm in a $25 Mil Transaction
1/08/25
Realterm has purchased the Fremont Industrial Outdoor Storage (IOS) Portfolio, comprising two fully leased properties totaling 267.2k sf in the prime Fremont submarket of Silicon Valley, in a $25.875 mil deal. The portfolio c...
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• Blox Ventures Buys Loan Against Emeryville Office Building
1/06/25
San Francisco-based Blox Ventures has acquired the loan secured by the office building at 6001 Shellmound St in the Emeryville Public Market from PNC Bank, positioning the company to become the property’s new owner. The loan ...
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• Tyler Epting and Kris Hagar Join Cushman & Wakefield
1/03/25
Tyler Epting and Kris Hagar have joined Cushman & Wakefield in the firm’s Walnut Creek office, as Managing Director and Senior Director, respectively. Focused primarily on the San Francisco East Bay market, including Contra C...
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• Realterm Picks Up Two Industrial Outdoor Storage Assets in Silicon Valley
12/26/24
Realterm acquired two industrial outdoor storage (IOS) maintenance facilities in Fremont. The properties are located at 5120-5170 Brandin Ct and 44533 South Grimmer Blvd.
The properties are located in the heart of Silicon Va...
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• Bay Area Res Community Trades in $200 Mil Transaction
12/26/24
In an institutional-level, end-of-year NoCal multifamily trade, Interstate Equities Corporation acquired Summerwood Apartments, a 468-unit multifamily property in Santa Clara, in a transaction valued at $203.15 mil, or $434k/...
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• Two Alameda County Multifamily Trades Total $34 Mil
12/23/24
We’ve got news of two multifamily community sales in NoCal’s Alameda County for a combined price tag of $34 mil. The properties that traded are Vista Del Sol in Pleasanton and Islander Apartments in Alameda.
In the larger d...
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• Center for Elders’ Independence Leases 23k sf at Recently Converted Oakland Medical Office Building
12/19/24
Center for Elders’ Independence (CEI) has signed a lease for 23k sf of space at Broadway Medical Plaza, a 60k sf newly repurposed medical office building is located in the Pill Hill area of Oakland. CEI is a “PACE” provider s...
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• Office Building in San Francisco’s Jackson Square Trades
12/18/24
Brick & Timber Collective has purchased a 110k sf, Class A office building in San Francisco. The property, located at 500 Washington, is in the heart of Jackson Square, the tightest submarket in downtown San Francisco.
Buil...
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• Crow Holdings Capital Spends Over $7 Mil on NoCal Shopping Center
12/16/24
In a recent NoCal retail buy, Crow Holdings Capital paid $7.3 mil for Petaluma Town Plaza, a 26.7k sf ($273/sf) strip center in Petaluma. The asset was sold by a private investor.
Petaluma Town Plaza, situated at 901 and 90...
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• Ferguson Pape Baldwin Architects Acquires CAS Architects
12/05/24
In a merger of architectural/design firms, Ferguson Pape Baldwin Architects (FPBA), a leader in life science design, has acquired CAS Architects, a Bay Area firm known for its expertise in advanced technology and life science...
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• Bay Area Office Building Lands $37 Mil Refi
12/02/24
Diamond Investment Properties has obtained a $37.75 mil refi loan for 101 Redwood Shores, a 100k sf, Class A office building located in Redwood City, CA. The new loan was originated by CBRE Capital Markets and funded through ...
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• EQT Exeter Buys Two Industrial Facilities in American Canyon
11/20/24
EQT Exeter purchased two Class A industrial buildings totaling 1.35 msf in American Canyon, California. The price was not given out.
The assets, situated within Napa Logistics Park, include 1 Middleton Way, a 646k sf facilit...
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• NoCal Medical Office Building Sells for $7.5 Mil
11/14/24
A 20.1k sf, medical office building in the NoCal city of Folsom sold for $7.5 mil, or $373/sf). The fully leased Class A healthcare property is located at 1743 Creekside Dr, within the nine-building Willow Creek Medical Offic...
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• Orion Office REIT Buys NoCal Lab/R&D Asst in $35 Mil Deal
11/13/24
Orion Office REIT acquired Valent Innovation Center, a two-story, 96.5k sf R&D asset in the NoCal city of San Ramon, in a trade from a few weeks ago. The property sold for $35 mil, or about $360/sf.
Most recently renovated i...
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