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• Regional Center of the East Bay Relocating in Concord
3/03/16
The Regional Center of the East Bay (RCEB) has signed a long-term lease for 24.8k sf at One Corporate Centre in Concord, about 22 miles northeast of Oakland. RCEB leased the entire third floor of the Class A building located ...
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• Trumark Homes and GTIS Partners to Build 139 Single-Family Homes in Dublin
3/02/16
Trumark Homes and GTIS Partners have acquired one neighborhood subdivision within Wallis Ranch, the highly-anticipated master planned development under construction in the Bay Area city of Dublin. The neighborhood, “Fielding”...
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• Swift Real Estate Partners Completes $30 Mil in Pac Northwest Investments
3/02/16
Swift Real Estate Partners recently closed on two Pacific Northwest acquistions in deals totaling $30.5 mil. The acquisitions were made through Swift’s second Fund, SREP II, a $400 mil value-add real estate fund launched in S...
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• 533k sf NoCal Industrial Portfolio Trades in $63 Mil Deal
3/01/16
A partnership of Birtcher Anderson Realty and Merced Capital has acquired a 533.7k sf NoCal industrial portfolio from Garaventa Properties, a family-owned venture, for $63.4 mil ($119/sf). The portfolio consists of three proj...
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• Jeremy’s Department Store Buys Building in Downtown Oakland’s Uptown Area
2/29/16
Jeremy’s Department Store, a discount department store, has purchased a 12k sf commercial building in downtown Oakland for $2.6 mil, or about $217/sf. The store is located at 1701 Franklin St, within the Uptown neighborhood i...
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• Investor Pays $366k/Unit for Redwood City Apartment Complex
2/29/16
A private investor with Asian capital has acquired a 34-unit apartment complex in Redwood City for $12.45 mil, or $366.2k/unit, in an all-cash deal. The property is located at 475 and 485 Redwood Ave, west of El Camino Real. ...
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• Clover Stornetta Farms Inks Two Leases in Petaluma
2/26/16
Clover Stornetta Farms recently signed two long-term lease agreements that will reposition, expand and also retain the company within its NoCal hometown of Petaluma for many more years.
In one of the deals, Clover Stornetta ...
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• Hometown America Buys Bay Area Res Property with $11.5 Mil Acquisition Loan
2/26/16
Hometown America has acquired Spanish Ranch II, a 187-home site, 100-percent occupied, manufactured home community for seniors (age 55+) in the San Francisco Bay Area community of Hayward.
The purchased was funded with $11....
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• SKS Partners LLC and ProspectHill Group Purchase San Francisco Industrial Building
2/25/16
A venture between SKS Partners LLC and ProspectHill Group acquired The McGuire Building, a 140k sf industrial building in San Francisco, for $47 mil. The property, located at 1201 Bryant St, just off I-80 between 8th and 9th ...
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• Phoenix Realty Group and Intercontinental Real Estate Corporation Purchase 544-Unit Res Property in Hayward
2/25/16
A partnership of Phoenix Realty Group and Intercontinental Real Estate Corporation purchased The Bridge Apartments, a 544-unit, Class B apartment complex in the East Bay city of Hayward. The property is located at 25800 Indus...
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• Bay Area’s San Francisco and San Jose Ranked as Worst US Markets for Single-Family Rental Investments
2/24/16
HomeUnion, an online real estate investment management firm enabling value investing in single-family rental (SFR) properties, ranked the most and least favorable SFR markets measured by cap rate. Memphis tops the list with a...
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• Invesco Buys Development Site in Oakland’s Uptown District
2/24/16
In the latest development news from Oakland, Invesco Real Estate purchased a prime site in the city’s popular Uptown District. The property, located at 2270 Broadway, north of Grand Ave and just a few blocks from Lake Merritt...
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• TIAA-CREF Acquires 313k sf NoCal Biz Park from Broadreach Capital Partners
2/23/16
TIAA-CREF closed out 2015 with the acquisition of Stevenson Point Tech Park, a 312.9k sf office/R&D campus in Newark. The asset was sold by Broadreach Capital Partners.
Built in 2000, the suburban Silicon Valley project cons...
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• Tintri Inks Expansion/Renewal Lease at Mountain View Biz Park
2/22/16
Tintri Inc signed an expansion/renewal deal for a total of 60.5k sf of space in two buildings at Mountain View Research Park in Mountain View. The company is a leading producer of VM-aware storage (VAS) for virtualization and...
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• Sausalito Office Complex Trades Hands
2/22/16
Roseview-PMRG Fund I LLC has acquired 1 & 3 Harbor Drive, a two-building, 114.3k sf office complex east of Hwy 101, at Bridgeway, in Sausalito. Built in 1982, the property was 81% occupied at time of sale.
This is the first ...
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• PCCP LLC and Hunter Properties Acquire Leasehold Interest in 98k sf of Retail Buildings in Sunnyvale
2/19/16
A joint venture between PCCP LLC and Hunter Properties has acquired the leasehold interest in three fully occupied retail buildings totaling 98k sf on 10 acres, as well as the fee simple interest of two acres of land in Sunny...
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• Trion Properties Spends $13.5 Mil on Two East Bay Apartment Properties
2/16/16
LA-based Trion Properties has purchased two value-add multifamily assets in the East Bay, the most highly populated region of San Francisco’s Bay Area. The two acquisitions, a 30-unit apartment community in Hayward and a 38-u...
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• RiverRock Real Estate Group Awarded Management Job for Alameda Shopping Center
2/15/16
AEW Capital Management (AEW) has awarded the property management assignment for Bridgeside Shopping Center, a 105k sf, grocery-anchored Class A shopping center in Alameda, to RiverRock Real Estate Group. AEW owns the propert...
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• Sares Regis Group of Northern California Receives Approval for 272-Unit Res Project in South San Francisco
2/15/16
San Mateo-based Sares Regis Group of Northern California (SRGNC) has received approval from the South San Francisco city council for a new luxury apartment community. The project will span four lots at 401 and 411 Airport Blv...
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• Oakland Mixed-Use Building Sells for $4.3 Mil
2/12/16
A 31-unit mixed-use building in Oakland sold for $4.3 mil in a deal that works out to $172.4k/unit and $204/sf. The CAP rate was approximately 5.38 percent with a GRM of almost 10.37.
The property is located at 3206-3252 In...
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