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• Skyworks Solutions Takes 50k sf of Silicon Valley R&D/Flex Space
12/24/15
Skyworks Solutions has leased 49.8k sf of Class A, R&D/flex space at the Valley Technology Centre in North San Jose. The Woburn, MA-headquartered company is relocating its local operation from the neighboring city of Santa Cl...
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• Admiral Capital Group and Bay West Development Pick Up Silicon Valley Retail Asset
12/24/15
Admiral Capital Group and Bay West Development have acquired San Tomas Plaza Shopping Center, a 119.8k sf retail complex in Campbell, CA. The property represents Admiral’s second investment in the Bay Area and its first join...
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• RREEF America Buys 125k sf Bay Area Retail Center for $31 Mil
12/24/15
RREEF America LLC purchased Pacific East Mall, a 125k sf, Asian themed shopping center in Richmond, for $31 mil, or $248/sf. The property, located at 3288 Pierce St, off I-80 and I-580, is easily accessible from the surroundi...
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• J.B. Matteson Ends Year with $102 Mil Bay Area Res Buy
12/21/15
San Mateo-based JB Matteson Inc is closing out the year with a major multifamily buy in the Bay Area. The firm paid $102 mil for Ilara Apartments, a newly-built, 200-unit ($510k/unit) res community located at 1201 S. Main St ...
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• Hudson McDonald Lands $47 Mil in Financing for Berkeley Res Complex
12/16/15
Hudson McDonald has obtained $47 mil in non-recourse financing for The New Californian, a mixed-use development with 148 apartment units and 15.7k sf of retail space in Berkeley. Hudson McDonald built the project in 2010.
Lo...
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• Healthcare Realty Trust Incorporated Buys Oakland Medical Office Building
12/16/15
Healthcare Realty Trust Incorporated picked up a 100k sf medical office building in Oakland from a joint venture including ScanlanKemperBard Cos. The building, Broadway-Webster Medical Plaza, is located at 3300 Webster St.
L...
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• Trammell Crow Company and Principal Real Estate Investors Get Started on 600k sf of Manufacturing Space in North San Jose
12/08/15
Construction has gotten underway on new industrial/manufacturing project in North San Jose, called MidPoint@237. The project is development of a venture between Trammell Crow Company and Principal Real Estate Investors.
The ...
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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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