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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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Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City 7/11/23 Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
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Windy Hill Property Ventures and Rockwood Capital Pick Up San Jose Res Asset in $83.5 Mil Deal 7/06/23 A joint venture of Windy Hill Property Ventures and Rockwood Capital has acquired Vespaio, a 162-unit Class A multifamily community located in a highly amenitized area in central San José, for $83.5 mil ($515k/unit).
Located...
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San Francisco Office Vacancies Continue to Reach New Heights 7/05/23 This report was provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
Total Vacancy climbs to 26.8%
Sublease Vacancy increased by 80 bps quarter-over-quarter to 5.8%.
There is a large discrepancy between pr...
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Six Bay Area Multifamily Trades Total $19 Mil 7/05/23 Here’s a quick update on six multifamily transactions in the Bay Area that totaled more than $19 mil. The deals were brokered, at least in part, by Levin Johnston of Marcus and Millichap, who represented the sellers and sourc...
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Mission Rock Partners Tops Out 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood 6/29/23 The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, recently marked the topping out of Parcel F, a 23-story multifamily residential tower in S...
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Bay Area Office Building Lands $11.3 Mil Refi 6/21/23 In a recent Bay Area office financing deal, a six-story, 83.6k sf multitenant tower in Berkeley was refinanced with a new permanent loan for $11.3 mil. The building, originally built in the 1960s, is currently home to more th...
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Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers 6/21/23 Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
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BH Properties Buys 60-Acre Holy Names University Campus in Oakland 6/20/23 BH Properties has purchased the 60-acre campus of Holy Names University in Oakland for $65 mil. The recently vacated campus consists of 15 buildings that include a performing arts center, chapel, library, gym, classrooms and ...
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The Conservatory Now Re-Opened at One Sansome in San Francisco 6/19/23 The Conservatory, a historical architectural gem at One Sansome in downtown San Francisco, is now re-imagined and re-opened for public use. Since Barker Pacific Group took ownership of One Sansome, a soaring 42-story tower in...
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NXP Inks Lease for 40k sf in North San Jose 6/19/23 Global semiconductor company NXP signed a long-term lease for 40k sf at its five-building Rose Orchard campus on Rose Orchard Way in North San Jose. Eindhoven, Netherlands-based NXP’s U.S. division, currently operates at ten ...
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San Francisco Office Building Lands $8 Mil in Financing 6/15/23 A private investor has obtained $8.2 mil for a brick and timber office building located at 499 Jackson St in the heart of San Francisco’s Jackson Square Historic District. The 18k sf, five-story building with basement feature...
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Modesto Multifamily Property Trades in $25 Mil Deal 6/15/23 Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
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Santa Clara Biz Park Gets New Owner 6/13/23 San Tomas Business Centre, a 79.4k sf, business park in Santa Clara, changed hands. The office and light industrial/warehousing property, located at 2060-2101, 2110, 2116 and 2118 Walsh Ave, is comprised of nine buildings.
S...
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IDEAYA Biosciences Leases 44k sf in South San Francisco 6/08/23 IDEAYA Biosciences, a clinical-stage precision medicine oncology company, inked a long-term lease for 44k sf of space at 5000 Shoreline Court. Owned by DivcoWest, 5000 Shoreline Court is a 140k sf, Class A building on the bay...
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