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• Bay Area Retail Center Trades for $12 Mil
5/24/16
Olivera Crossing, a 47.6k sf, neighborhood shopping center in the Bay Area city of Concord, was acquired by Sterling Organization in a recent $12 mil ($252/sf) transaction. The asset was purchased via the firm’s institutional...
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• Berkeley Apartment Property Fetches $478k/Unit
5/24/16
An eight-unit apartment building in Berkeley sold for $3.825 mil, or $478.1k/unit and $590/sf. From what we’ve been told, both the price per unit and the price per square foot are likely records for apartments in Berkeley bui...
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• East Bay Retail Redevelopment Project Gets Third of Three Needed Approvals from City of Walnut Creek
5/23/16
Tallen Capital Partners LLC and Citivest Commercial LLC, along with their equity partner, have received the third of three approvals needed to begin a dramatic redevelopment of Rossmoor Shopping Center, a retail center in the...
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• San Jose Office Building Sells in $44 Mil Deal
5/18/16
Griffin Capital Essential Asset REIT II Inc has purchased 350 E. Plumeria Drive, a two-story, 142.7k sf office / R&D building in San Jose, for $44 mil ($308/sf). The property was sold by KBS Real Estate Investment Trust II (K...
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• San Franciso Office Tower Trades Hands
5/18/16
An investment entity known as Sidra Montgomery LLC has purchased 180 Montgomery Street, a 25-story, 303.3k sf fully-stabilized Class A trophy office building located in the heart of San Francisco’s Central Business District. ...
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• TMG Partners Sells 95k sf Building in San Jose
5/17/16
TMG Partners has sold a 95.6k sf building at Champion Station in San Jose to China-based GEIRNA. The building, located at 250 West Tasman Dr, south of Hwy 237 and west of I-880, is estimated to have sold for around $37.5 mil....
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• Bridgeton Holdings Closes $62 Mil San Francisco Office Buy
5/10/16
Bridgeton Holdings has acquired 995 Market Street, a 15-story, 91.3k sf office tower located in San Francisco, for $62 mil, or $679/sf. The ground floor retail is fully leased to CVS and the office is leased to WeWork and a n...
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• Newmark Realty Capital Arranges $23 Mil in Construction Money for Santa Cruz Mixed-Use Project
5/09/16
Newmark Realty Capital has arranged $22.9 mil in construction financing for 555 Pacific, a ground up mixed-use development in Santa Cruz. The property, currently under construction with an anticipated completion in late 2017,...
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• Morgan Hill Hotel Project Receives Unanimous Approval from City’s Planning Commission
5/03/16
Granada Hotel, a new four-story, contemporary-style boutique hotel project situated in the heart of downtown Morgan Hill, CA, was unanimously approved by the city’s planning commission last Tuesday, April 26. The project now...
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• Pembroke Real Estate Buys 295k sf Office Tower in San Francisco’s SOMA District
5/03/16
Pembroke Real Estate has purchased 140 New Montgomery, a 26-story, 295k sf office tower in San Francisco’s South Financial district. The asset was acquired from Stockbridge 138 New Montgomery LLC, an affiliate of Stockbridge ...
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• Only in Sausalito Buys in Sausalito
4/28/16
Only in Sausalito LLC has acquired an historic, 9k sf building in downtown Sausalito for just over $4 mil ($444/sf). The two-story building, located at 676-686 Bridgeway, just off the edge of the Richardson Bay, was sold by T...
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• Continued Strong Absorption in San Francisco Office Market Somewhat Misleading as Leasing Slows
4/28/16
This report was provided to us by the Northern California region of real estate services firm Kidder Mathews
The San Francisco office real estate market sent mixed signals in the first quarter of 2016, with 433.9k sf of posi...
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• Bay Area Chipotle Sells for $848/sf at a 4.2% Cap Rate
4/26/16
A freestanding, 2.2k sf single-tenant property occupied by Chipotle Mexican Grill in the Bay Area city of Vallejo sold for $1.9 mil, or $848/sf. The property sold at cap rate of 4.2 percent – a record low for a freestanding C...
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• Transpak Buys Hayard Industrial HQ Facility
4/25/16
Transpak has acquired a 122.5k sf industrial facility in Hayward for its new headquarters. The company paid just over $13.7 mil for the property, located at 20415-20427 Corsair Blvd, west of Hesperian Blvd and south of Bockma...
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• Corte Madera Office Building Acquired in $8 Mil Transaction
4/25/16
Professional Financial Investors has purchased 100 Tamal Plaza, a newly renovated, 21.3k sf multi-tenant office building in Corte Madera, for $8.2 mil, or about $385/sf. The two-story, professional/medical services building w...
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• Medallia Leases Over 200k sf at New San Mateo Office Project
4/21/16
Medallia signed a lease for 210.1k sf of space at 400|450 Concar, a new Class A office complex totaling 305k sf on 3.3 acres in San Mateo. Medallia, one of Sequoia Capital's most prominent investments to date, plans to move i...
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• Morgan Stanley Real Estate and Lift Partners Purchase Hayward Industrial Facility
4/20/16
In a recent East Bay industrial investment, a partnership of Morgan Stanley Real Estate and Lift Partners has purchased a 149k sf property in Hayward. The property, located at 30526 San Antonio St, south of Industrial Pkwy be...
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• Novato Office Property Sells for $6.25 Mil
4/19/16
Professional Financial Investors, Inc. has acquired North Bay Center, a 44.6k sf, Class A office property in downtown Novato, for $6.25 mil ($140/sf). North Bay Center boasts a high-identity hillside location at 7200 Redwood ...
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• Graham Street Realty Picks Up Berkeley Office Property
4/19/16
Graham Street Realty has acquired The Promenade, a three-story 43k sf multi-tenant office building in Berkeley, for $13.4 mil ($312/sf). The property, located on a .42-acre parcel at 1936 University Ave in the heart of downto...
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• KT Properties Urban Spends $19 Mil on Bay Area Office/R&D Property
4/18/16
In a recent Bay Area sale, an affiliate of KT Properties Urban Inc purchased a 70.5k sf R&D/office building located at 3055 Patrick Henry Dr, north of Hwy 101 and just west of Graet America Pkwy in Santa Clara. The property w...
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