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• Averna Inks Lease for 14k sf of Space in Marin County
7/07/16
Averna, a global test-solution provider for makers of communications and electronics devices, signed a seven-year, $2.5 mil lease for 13.9k sf ($2.14/sf/mo) of office and warehouse space in San Rafael. The property is at 1600...
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• Meridian Capital Arranges $98 Mil Loan for Purchase of 300k sf San Francisco Office Building
7/07/16
Meridian Capital Group has arranged $98 mil in acquisition financing for the purchase of the Bank of the West Building office property located in San Francisco. The loan was provided on behalf of Sidra Montgomery LLC.
The 2...
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• Blackstone Closes 753k sf San Francisco Office Buy
7/01/16
Blackstone has acquired Market Center, a two-building, 753k sf office complex in San Francisco. The property was purchased from John Hancock Real Estate, the U.S. division of Manulife Financial Corporation. Although the price...
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• ASB Real Estate Investments Closes $141 Mil Creative Office Buy in San Francisco
6/28/16
ASB Real Estate Investments has acquired a Class A office/retail property in San Francisco’s commercial district, paying $141.5 mil for a 145.4k sf ($973/sf) building at 799 Market St, at the corner with Fourth St. The purcha...
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• F4 Transbay Partners LLC Acquires Final Remaining Tall Building Site in Downtown San Francisco
6/27/16
F4 Transbay Partners LLC (F4), a joint venture of Hines, Urban Pacific Development LLC and Broad Street Principal Investments L.L.C., an affiliate of Goldman Sachs, have acquired Transbay Parcel F from the Transbay Joint Powe...
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• The Bascom Group Spends $328k/Unit for Bay Area Res Property
6/27/16
In a recent Bay Area multifamily investment buy, The Bascom Group LLC has acquired Camden Village Apartments, a 192-unit, garden-style apartment community in Fremont, for $63 mil ($328k/unit). The property is situated on 10.7...
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• Community Preservation Partners to Renovate and Preserve Needed Affordable Housing Property in San Jose
6/24/16
Community Preservation Partners (CPP) has acquired Courtyard Plaza Apartments, an 81-unit affordable housing complex in San Jose, in a $25 mil transaction. CPP’s purchase and planned renovation of the property will preserve m...
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• Align Real Estate Pays $59 Mil for 220k sf Bay Area Office Campus
6/21/16
Align Real Estate has purchased Comcast Office Center, a three-building, a 220k sf office property in the Bay Area city of Livermore. The property was sold by Gramercy Property Trust for $59 mil, or about $269/sf.
The 27-ac...
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• ROEM Corp Nearing Completion on San Jose Affordable Housing Project
6/21/16
Charlotte Park Apartments, a 200-unit affordable housing project in San Jose, is nearing completion. The project, a development of ROEM Corporation, is located on the former Hitachi Global Storage Technologies campus, a 295-a...
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• KangaZoom Bounces into New Antioch Location
6/20/16
A KangaZoom franchisee, Andreas Angles LLC, inked a deal for an indoor children’s inflatable focus entertainment center in Antioch. Located on the 3.3-acre site of the former Antioch Family Fun Center that shuttered several y...
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• Strategic Storage Trust II Buys 340-Unit Facility in Sonoma
6/17/16
Strategic Storage Trust II Inc (SST II) recently acquired a self-storage facility located in downtown Sonoma. The property totals approximately 340 units and is 37.8k sf in size.
Built in 1984, the Sonoma facility sits on ap...
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• ROEM Development Corp Buys Mountain View Site for New Res Project
6/17/16
ROEM Development Corporation purchased a 1.93-acre development site in the Bay Area for $11.5 mil. The property, located at 779 E. Evelyn Ave in Mountain View, was sold by New Urban Properties.
ROEM, a developer of afforda...
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• Principal Real Estate Investors to Acquire Oakland Office Tower
6/16/16
Principal Real Estate Investors has reportedly reached an agreement to purchase 555 City Center, a 490k sf office high-rise within the Oakland City Center mixed-use complex. From what we hear, the deal has a value of a little...
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• TruAmerica Multifamily Picks Up 136-Unit, Class A Res Property in San Francisco
6/14/16
TruAmerica Multifamily has boosted its 1,000-unit multifamily portfolio in the San Francisco Bay area with the acquisition of a newly constructed, 136-unit Class A apartment complex in the city’s Bayview District. TruAmerica...
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• Commercial Real Estate Financing Briefs
6/09/16
NEWMARK REALTY CAPITAL - Demetri Koston and Skip Slavin of Newmark Realty Capital have arranged $10.2 mil in permanent financing for Lincoln Heights, a stabilized grocery-anchored multi-tenant retail center in Spokane, WA. Th...
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• Strong Demand Spurs New 260k sf Sonoma County Industrial Project
6/09/16
A 260k sf industrial project in Sonoma County is slated to break ground this summer. The $32 mil, ground-up project is a joint venture of Washington Capital Management and VSP LLC.
The 20-acre property sits at the corner of ...
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• Morpho Detection Renews Newark Space
6/08/16
Morpho Detection LLV, a global leader in security and identity solutions, has inked a renewal for its 111.9k sf space at Bridgeway Technology Center, a Class A property in the Bay Area city of Newark. Terms of the deal were n...
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• French Based Tech School Acquires 200k sf in the Bay Area for First US Campus
6/08/16
A non-profit technology school based in Paris, known as 42, has acquired nearly 200k sf of space in the Bay Area for the launch of its first US campus. The school purchased two properties consisting of a 100k sf classroom bui...
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• Silver Peak Systems Takes an Additional 74k sf at Santa Clara Biz Park
6/07/16
Silver Peak Systems has expanded its space by an additional 74k sf within @Central (formerly known as Airport Technology Park) in Santa Clara. Reflecting the company’s second spurt of growth in less than two years, Silver Pea...
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• Commercial Real Estate Financing Briefs
6/06/16
NEWMARK REALTY CAPITAL -- Mark Ritchie, Jeff Wilcox, Charlie Kokernak and Armen Hadjimanoukian with Newmark Realty Capital Inc have arranged $38 mil in permanent financing for 85 Bluxome, a 57k sf, Class A office building in ...
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