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• Legacy Partners and SyRES Properties Start Work on Second Phase of Concord Res Development
9/27/16
Legacy Partners and SyRES Properties have just broken ground on the 180-unit, second phase of Renaissance Square, a luxury apartment community in Concord. In August 2016, Legacy Partners and SyRES Properties also acquired the...
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• Oakland Apartment Property Sells for $15.3 Mil
9/23/16
A local San Francisco buyer paid $15.3 mil for an 84-unit ($182k/unit) multifamily property in Oakland’s Lake Merritt area. The asset, which was acquired in an off-market transaction, is located at 421 East 18th St, at Park B...
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• Pleasanton Apartment Traded by Private Investors in $3.27 Mil Deal
9/23/16
A 10-unit, two-building apartment complex in Pleasanton was acquired by a private investor group in a recent, $3.27 mil ($327k/unit) transaction. The property, located at 4324 Railroad Ave, was sold by a private investor.
T...
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• Empire Square Group Buys 34k sf R&D Building in Milpitas
9/22/16
Empire Square Group has purchased 1701 McCarthy Blvd, a 34k sf R&D building located off of Montague Expy in the Oak Creek submarket of Milpitas. The Bay Area property is currently 100 percent leased and serves as Silicon Micr...
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• Planned Development in San Francisco’s Mid-Market Area to Move Forward with $34 Mil in Construction Money
9/21/16
Encore Capital Management has obtained $34 mil in ground-up construction financing for the development of a mixed-use property comprised of 90 for-sale housing units above ground-level retail space in San Francisco. The loan ...
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• $75 Mil Refi Loan Completed for Bay Area Hotel Property
9/20/16
Sonnenblick-Eichner Company has arranged a $75 mil of first mortgage leasehold refi loan for Cavallo Point-The Lodge at the Golden Gate located in the Marin County city of Sausalito. The financing was a non-recourse, five-ye...
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• Invesco Investing $103 million in The Piers
9/16/16
As reported in the San Francisco Business Times this past week, Invesco Real Estate, the large Atlanta-based global investment firm, is buying The Piers, an 82,158 square foot office and retail development at historic Piers 1...
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• Historic Building in San Francisco’s Mission District is Fully Leased
9/15/16
The Pioneer Building, an historic, 37.1k sf office building in the heart of San Francisco’s colorful Mission district, is now fully leased with the recent signing of a credit tenant for the remaining available space. The buil...
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• Investor Pays $1.65 Mil for Petaluma Res Property
9/14/16
A six-unit apartment property located in Petaluma traded for $1.645 mil, or $274k/unit. The property is located at 308 Vallejo St in one of the city’s most desirable neighborhoods.
The property sits on a 17.6k sf lot with fi...
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• Wareham Starts on New Office/Lab High-Rise in Emeryville
9/13/16
Another building is on its way at the 1.5 million square foot EmeryStation campus in Emeryville as San Rafael-based Wareham Development has started construction on EmeryStation West, the first ground-up office project in the ...
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• Berkeley Property Acquired as Redevelopment Opportunity
9/02/16
In development news out of the East Bay, Anchor Valley Partners acquired a 28k sf, five-unit retail property and potential re-development site in Berkeley for $6 mil. The site is located at 2565-2589 Telegraph Ave, just five ...
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• Pleasanton Office Asset Trades for Over $15 Mil
9/02/16
A San Francisco-based private investor has purchased The Atrium, a 74k sf, multi-tenant office building in Pleasanton. The asset, located at 5776 Stoneridge Mall Rd, sold for $15.5 mil, or $209/sf.
The property was sold by ...
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• Oakland Office Building Sells for $77 Mil
8/30/16
TMG Partners has acquired an eight-story 198k sf office building in Oakland. The property is located at 2201 Broadway, about three blocks west of Lake Merritt at Grand Ave. Although a price was not disclosed by the parties in...
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• Bay Area Biz Campus Trades in $61 Mil Transaction
8/30/16
A Newport Beach-based investment firm purchased San Carlos Business Park, a seven-building, 154.5k sf office and R&D campus in the Bay Area city of San Carlos. The asset was sold by Black Mountain Properties in a $61.1 mil ($...
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• NoCal Retail Center Acquired by Florida Buyer in $22.8 Mil Deal
8/29/16
Florida-based Sterling Organization recently bought Raley’s Plaza, a 95.4k sf, grocery-anchored shopping center located in Fairfield, a NoCal city situated roughly midway between San Francisco and Sacramento. The asset was p...
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• BLT Enterprises to Start Work on 282-Unit First Phase of Napa Res Project
8/29/16
BLT Enterprises plans to begin work on Phase I of Vista Tulocay, a 500-unit multifamily project in Napa. Phase I, which was recently approved by the Napa City Council, will include 282 apartment units on approximately 12.5 ac...
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• TMG Partners Acquires 148k sf of San Jose Office Space
8/26/16
In a Silicon Valley office buy, TMG Partners has purchased two building in San Jose, at 2460 and 2480 North First St. The price was not disclosed.
The two buildings, which total 148k sf, are located near other recent office ...
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• Interstate Equities Corporation Closes on $46 Mil Bay Area Multifamily Buy
8/23/16
In a recent institutional multifamily acquisition in the Bay Area, Interstate Equities Corporation (IEC) has acquired a 137-unit, value-add property in Milpitas for $46 mil ($336k/unit). The property, formerly called Meritage...
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• NoCal Investor Spends $12 Mil on Los Banos Retail Asset
8/19/16
A NoCal-based private investor has acquired Shops at Stonecreek Plaza, a 52.2k sf strip center in Los Banos, a CA city located about 80 miles southeast of San Jose. The property, leased to a synergistic mix of regional and l...
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• Kenson Ventures Picks Up Palo Alto Development Site
8/18/16
Kenson Ventures purchased 2555 Park Boulevard, a fully entitled 14.4k sf development site in Palo Alto. With the potential to build up to 29.3k sf of Class A office, the site represents one of only a few new developments in P...
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