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• Commercial Real Estate Financing Briefs
4/14/23
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
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• Sterling Organization Purchases Two Bay Area Retail Assets for $40 Mil
4/14/23
Sterling Organization recently acquired two Bay Area retail properties in a deal valued at $40.45 mil. The acquisition consisted of Franciscan Center, a 106.8k sf retail center, and Mohave Center, a 10.2k sf strip center, bot...
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• Silergy Technology Leases 28k sf of Silicon Valley Corp HQ Space
4/12/23
Silergy Technology has leased 27.7k sf of Class A office/R&D space for its new larger corporate headquarters in Silicon Valley. Silergy, a semiconductor company, will occupy the entire top floor of the six-story building loca...
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• Terreno Realty Corporation Closes on 600k sf Industrial Buy in the Bay Area
4/11/23
Terreno Realty Corporation has purchased Morton Commerce Center, a 602.7k sf, core industrial project in the Bay Area city of Newark. Recently constructed in 2020 and situated on over 31 acres, the Class A project comprises f...
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• Shartsis Friese LLP Takes 26k sf of Office Space in San Francisco’s South Financial District
3/24/23
Shartsis Friese LLP, an award-winning multi-disciplinary San Francisco-based law firm that was established in 1975, has inked a lease for 26k sf 425 Market Street in San Francisco’s South Financial District. Shartsis Friese L...
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• Diversyfund Buys 61-Unit Multifamily Asset in Monterey County
3/24/23
In a NoCal res buy, Diversyfund purchased The Independent, a Class A, 61-unit multi-housing asset located in Sand City, within Monterey County. The deal was financed with an acquisition loan for $13.1 mil.
Situated at 600 Or...
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• Volwood Management Buys Bay Area Office Building in $12.8 Mil Deal
3/21/23
Volwood Management acquired 25 Orinda Way, a 28.9k sf, boutique, Class A office building in the East Bay city of Orinda, for $12.8 mil, or $443/sf.
Built in 1974 and renovated in 2018, the three-story 25 Orinda Way is curr...
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• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
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• Oakland’s Historic Palace Theater Trades in $2.2 Mil Deal
3/15/23
The historic Palace Theater in Oakland was acquired by BayTech Charter School for use as a new location for BayTech Charter School, or the Bay Area Technology School. The property, located at 1445 23rd Ave, fetched $2.2 mil.
...
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• Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
3/09/23
Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Ba...
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• Longfellow Real Estate Partners to Develop 315k sf Life Sciences Project in the Bay Area
3/06/23
Longfellow Real Estate Partners has obtained a $310 mil construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315k sf at the Bart and Caltrain station in t...
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• Vestar to Manage Hacienda Crossings Retail Property in Dublin
3/01/23
PNC Realty Investors has retained Vestar to provide management, leasing and marketing services for Hacienda Crossing, a 438.5k sf, mixed-use power center in the Bay Area city of Dublin.
Hacienda Crossings is located at 4820-...
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• Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield
3/01/23
Stanford University has awarded a 14-building, 1.1 msf office portfolio in addition to a 7 msf NNN ground lease portfolio to Cushman & Wakefield’s Northern California Asset Services team. The properties are located in one of ...
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• South San Francisco Hotel Fetches $182k/Room
2/28/23
A Laxmi Hospitality LLC affiliate closed on a South San Francisco hotel buy, paying about $31 mil for La Quinta by Wyndham Hotel, a 170-room ($182k/unit) property. The hotel is situated on 1.3 acres at 20 Airport Blvd, on the...
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• Exchange Investor Pays $550/sf Single-Tenant Building in San Jose
2/17/23
An 8k sf, single-tenant building NNN-leased to Citibank in San Jose traded for $4.4 mil, or $550/sf. The property, located at 3510 Leigh Ave, just north of Hillsdale Ave, is 100% leased to Citibank, which has six years of lea...
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• Vivani Leases Life Science Building in the East Bay
2/15/23
Biopharmaceutical company Vivani has signed a 43.6k sf, full building lease at 1350 South Loop, within the Radius @ Harbor Bay campus, a nearly 700k sf life science and innovation campus located in Alameda. Terms of the deal ...
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• Taipei Economic and Cultural Office Spends $52.8 Mil on San Francisco Office Building
2/09/23
Taipei Economic and Cultural Office (TECO) has acquired a brand new, 56k sf Class A office building in San Francisco’s South of Market (SoMa) neighborhood for $52.8 mil ($943/sf). The seven-story building, designed by Stanton...
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• Provender Partners and StepStone Real Estate Complete $158 mil Recapitalization of 1 msf Cold Storage Portfolio
2/01/23
Provender Partners (Provender) and StepStone Real Estate (SRE) have completed a $158 mil secondary and recapitalization of a 1 msf cold storage portfolio with assets in the high-growth industrial markets of: Oakland, CA; Las ...
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• San Francisco Bay Area Residents Demand Tech-Enabled Solutions at Multifamily Properties
1/26/23
San Francisco Bay Area multifamily landlords and property managers have been adopting technology-enabled solutions to accept, manage, and safely secure incoming packages at multifamily properties. ButterflyMX, a leading provi...
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• 91k sf Retail Center in the East Bay Gets New Owner
1/20/23
In an East Bay retail trade, Balboa Retail Partners purchased Pinole Square, a 91k sf retail community center in Pinole, roughly 17 miles north of Oakland. The property is located at 1201-1577 Tara Hills Dr, on the northwest ...
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