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• Asian Private Investment Firm Spends $90 Mil on Bay Area Office Asset
9/30/15
H&Q Asia Pacific, an Asian private equity firm, closed on a major Bay Area office purchase, paying $90 mil for Bay Park Plaza, a Class A, 260.2k sf ($346/sf) property in Burlingame. The two-building complex, located at 555 an...
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• Napa Apartment Property Trades for Almost $300/sf
9/21/15
Peachtree Apartments, a 32-unit apartment property located in Napa, recently sold for $6.15 mil ($192k/unit) and $296/sf, a record amount for multifamily property sales in the County, we’re told. The property is located at 25...
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• UC Berkeley Hotel to Become a Graduate
9/18/15
AJ Capital has obtained $31.5 mil in financing for the acquisition and repositioning of Hotel Durant, a hotel property in Berkeley. With the implementation of capital improvements, AJ Capital will reposition the existing hote...
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• Bay Area Retail Center Refinanced with $9 Mil Loan
9/15/15
CBRE Capital Markets’ Debt & Structured Finance team recently arranged $9 mil in non-recourse refi money for Regency Plaza, a 36.6k sf retail center in Pleasant Hill, a Bay Area city about 20 miles northeast of Oakland.
The ...
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• Development Site in San Francisco’s Mission District Sells for $18 Mil
9/11/15
A 35k sf development site located in the heart of San Francisco’s Mission District sold for $18 mil after a competitive bid process amidst a controversially proposed moratorium on market rate housing development. The property...
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• Harvest Properties and The Roxborough Group Pick Up Berkeley Asset
9/09/15
A three-story, 36k sf office and retail building in Berkeley was purchased in an off-market transaction by. The price was not disclosed.
Located at 2168 Shattuck Ave, just one block from the University of California, Berkele...
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• Cupertino Res Complex Refinanced with $150 Mil in Fannie Mae Money
9/08/15
Prometheus Real Estate Group has obtained over $150 mil in refi money for The Markham Apartments, an 80-building, 504-unit complex in downtown Cupertino. The 10-year, full-term, interest-only loan was arranged by Andrew Behr...
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• Sought After UC Berkeley-Adjacent Property Sells for $18.5 Mil
9/04/15
Bancroft Center, a retail property situated adjacent to the campus of UC Berkeley, sold for $18.5 mil in a deal local pros tell us ranks as the most valuable property ever sold for a future mixed-use development in the city o...
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• Newly Constructed NoCal CVS Property Trades at 4.3% Cap Rate
9/04/15
NoCal-based Calipine Corporation paid $4.88 mil in a “pre-opening” purchase of a newly constructed, 16.5k sf, free-standing CVS/pharmacy property in Vallejo, CA. The transaction’s cap rate of 4.3 percent is said to be lowest ...
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• ConAm Adds 137 Units to Its Bay Area Res Portfolio
9/02/15
The ConAm Group, out of San Diego, recently boosted its multifamily portfolio in the Bay Area with the $26.4 mil acquisition of TownCentre Commons, a 137-unit ($192.7k/unit) apartment community in Brentwood. TownCentre Common...
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• Investors Close Buys of Two Bay Area Multifamily Assets
9/01/15
Two Bay Area multifamily developments totaling 90 units were purchased by private investors in separate deals. The properties, Marin Gardens and Skyline Vista Apartments, are both located within a 15-minute commute to San Fra...
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• Brown & Toland Physicians Relocates HQ from San Francisco to Oakland
9/01/15
Brown & Toland Physicians inked a 10-year lease to relocate its corporate headquarters from San Francisco into 60k sf of space at the Clorox Building in the City Center Complex in downtown Oakland. The company plans to move t...
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• BlackRock Realty Advisors Acquires 697k sf Bay Area Biz Park
8/26/15
BlackRock Realty Advisors closed on a major NoCal industrial buy, acquiring The Crossings@880, a 697k sf biz park in Fremont. The project was sold by Overton Moore Properties (OMP) in a deal estimated to be worth around $135 ...
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• Redeveloped Danville Hotel Signs Eight New Retailers
8/24/15
The redevelopment of the historic Danville Hotel is nearing completion and has recently seen eight new signings by retailers. The unique, mixed-use property will feature a blend of shops and eateries in approximately 10.6k sf...
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• The Prime Group Obtains $42 Mil in Financing for Belmont Res Property
8/24/15
The Prime Group has obtained $42.1 mil in permanent financing for The Madison Belmont, a 198-unit garden-style apartment complex in the Bay Area city of Belmont. Andrew Behrens and Jesse Weber of CBRE’s Capital Markets Debt &...
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• San Mateo Res Apartment Property Awarded by USGBC as Outstanding Multifamily Project
8/21/15
The U.S. Green Building Council (USGBC) has awarded 888 North San Mateo Drive as national winner in the Bay Area for Outstanding Multifamily Project. The property, a development of Sares Regis Group of Northern California (SR...
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• SurveyMonkey Inks Lease for 200k sf HQ Space in San Mateo
8/20/15
SurveyMonkey has leased 200k sf of space for a new headquarters location at Bay Meadows Station in San Mateo. SurveyMonkey, the world’s leading online survey and data insights platform, is relocating its current headquarters ...
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• Google Buys 21k sf Mountain View Building It Currently Occupies
8/19/15
Google has purchased a single-story, 20.8k sf building in Mountain View from Drawbridge Realty for $14.9 mil, or $716/sf. The Class A office/R&D building is 100% leased to Google.
The property is located at 2637 Marine Way, ...
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• Greystone Provides $58 Mil in Freddie Mac Money on Santa Rosa Senior Living Facility
8/19/15
Greystone has provided a $58.34 mil Freddie Mac loan to refinance Varenna at Fountaingrove, a 163-unit independent living facility in Santa Rosa, California. The complex is owned and operated by affiliates of Oakmont Senior L...
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• Rockwood Capital Arranges $40 Mil on San Francisco Res Building
8/18/15
Rockwood Capital has obtained $40 mil in refi money for The Gantry, a five-story, 105-unit residential building in San Francisco. The Gantry is located at 2121 Third St, east of I-280 and just south of Mission Bay in the city...
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