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• CBRE Global Investors Buys 400-Room Redwood City Hotel Property
12/04/15
In a major Bay Area hospitality acquisition, CBRE Global Investors has purchased the Sofitel San Francisco Bay, a 421-room hotel in Redwood City, from a venture of Prudential Real Estate and Lodging Capital. Industry pros sug...
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• Seoul, South Korea Entity Takes Ownership of Fairmont San Francisco Hotel on Nob Hill
11/30/15
The companies that own world renowned Fairmont San Francisco Hotel atop Nob Hill were purchased for $450 mil by affiliated companies of Mirae Asset Global Investments, a large financial services company based in Seoul, South ...
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• Chelsio Communications Relocates Within Sunnyvale
11/25/15
Chelsio Communications has relocated its corporate headquarters in Sunnyvale after agreeing to a new lease for an 18.8k sf, Class A flex building in the city. Chelsio’s new location is at 209 North Fair Oaks, south of the 101...
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• Peninsula Land & Capital Picks Up 43k sf Office Property in Mountain View
11/24/15
Castro Commons, a two building, 42.7k sf office complex in Mountain View, was acquired by a Peninsula Land & Capital-owned entity. The purchase was financed with a $14.2 mil non-recourse loan.
Located at 1172 and 1174 Castro...
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• TMG Partners Closes Oakland Office Buy
11/22/15
TMG Partners has purchased 1330 Broadway, a 300k sf office building in downtown Oakland, from Zimmerman Investments. Although a price was not immediately disclosed, industry sources estimate the sale came in around $75 mil, ...
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• Work Gets Started on $88 Mil Residential Project in Campbell
11/16/15
St. Anton Communities has begun construction on The Residences at Railway, an $88 mil housing project in Downtown Campbell that involves 14 separate parcels of land assembled through a multi-year effort. The development is st...
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• Downtown Oakland Sees Strong Demand for Space in the Third Quarter
11/13/15
Oakland continues to enjoy strong leasing activity. During the third quarter of this year, companies moved into or expanded their presence in the heart of Oakland by more than 592k sf of office and retail space.
Listed belo...
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• Newmark Realty Capital Arranges $5.55 Mil on Building in San Francisco’s North Beach Area
11/11/15
Newmark Realty Capital has arranged $5.55 mil in permanent financing on a stabilized, mixed-use property in San Francisco’s historic North Beach neighborhood.
The loan, arranged by Newmark’s Demetri Koston, has a highly com...
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• Mixed-Use Infill Project Started in Fremont
11/10/15
Construction has started on Artist Walk, an infill mixed-use project within the Centerville District of Fremont. The project is being developed by a joint venture between BHV CenterStreet Properties (BHVCP) and JD Capital. T...
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• KBS REIT III Boosts Amenities at Office Tower along San Francisco’s Embarcadero
11/06/15
KBS Real Estate Investment Trust III has completed a number of renovations at 201 Spear Street, a 252.6k sf, Class A office building in San Francisco. The property is located a block in from the waterfront, just a couple of b...
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• Silicon Valley Apartment Complex Trades in $160 Mil Deal
11/04/15
Waterstone San Jose, a 432-unit residential complex in San Jose, was acquired by Grosvenor Americas in a deal said to be worth around $160 mil, or $370k per unit. The property was sold by an affiliate of Pacific Urban Reside...
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• Sonoma County Medical Office Building Brings Over $21 Mil
11/03/15
Nazareth Enterprises Inc, a San Mateo-based private investor, has purchased a 69k sf, medical office building in Sonoma County for $21.5 mil ($312/sf). The building, located at 5900 State Farm Dr, east of the 101 Fwy and nort...
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• Lyon Communities to Move Forward with 371-Unit Milpitas Res Project
11/03/15
Lyon Communities has obtained a $44 mil mezzanine loan from PCCP LLC to begin construction on The District, a residential development in the Silicon Valley city of Milpitas. The seven-story, Class A multifamily project will c...
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• San Francisco Industrial Property Sells for $10 Mil
11/02/15
A 17.2k sf industrial property in a desirable SOMA location in San Francisco sold for $10 mil ($581/sf). The buyer plans to add three floors of creative office space above the existing structure, along with a complete remodel...
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• Sausalito Office Property Sells for Over $600/sf
10/28/15
A 6.6k sf office property in Sausalito sold for $4.1 mil, or $621/sf. The building is located at 1050 Bridgeway, along the central waterfront area in this southern Marin County town.
Sausalito is a beautiful waterfront comm...
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• NETGEAR Renews 143k sf San Jose Office Space
10/27/15
NETGEAR Inc has agreed to renew its 142.7k sf office space in San Jose. The company is located at 350 E. Plumeria, west of I-880 and south of Montague Expwy, just off Zanker Rd.
The global networking company signed a 10-year...
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• President of NAI Northern California Discusses the Good, the Bad and the Ugly of Oakland’s Real Estate Market
10/23/15
By Steve Bloom
RENTV was up in Oakland on September 25th for our State of the Market Conference and we experienced first hand the vibrancy, optimism and general buzz that has so many industry people excited about this East B...
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• Meridian Closes $6 Mil East Bay Medical Office Buy
10/22/15
Meridian has acquired a 19.2k sf, medical office building in Oakland for $6 mil ($312/sf) in an off-market transaction. The building, located at 380 W. MacArthur Blvd, west of Broadway and north of I-580, was sold by BIC Oakl...
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• Cohen Financial Arranges Over $100 Mil in Three Multifamily Loans for a Single Borrower
10/21/15
Cohen Financial has arranged three financings totaling $106.29 mil for a San Francisco-based multifamily commercial real estate owner/investor.
One of the deals was a $39.5 mil refi loan on a portfolio of four properties. Th...
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• Summerhill Apartment Communities Completes Luxury Res Project in Mountain View
10/20/15
Domus on the Boulevard, a new 193-unit luxury residential rental community in the Bay Area city of Mountain View, has been completed. The property, located at 2650 W. El Camino Real, just north of San Antonio Rd, is a develop...
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