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• HFF Arranges $50 Mil for Silicon Valley Hotel Project
3/29/16
Holliday Fenoglio Fowler, L.P. has secured $49.85 mil in first lien construction financing for the development of the 204-room Residence Inn by Marriott Silicon Valley in the San Francisco Bay Area community of San Carlos. Th...
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• San Francisco Office Tower Set to Trade near $1,000/sf
3/25/16
We’ve heard that 140 New Montgomery Street, a 295k sf office high-rise in San Francisco’s South Financial District, is set to trade hands at a price near $1,000/sf. From what we understand, Pembroke Real Estate has agreed to ...
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• New York Firm Closes First Bay Area Real Estate Buy
3/24/16
JOSS Realty Partners, out of New York, closed on its first acquisition in the Bay Area, purchasing Napa Square, a 65.8k sf mixed-use asset in Napa. The property was sold by CDI Companies in a deal reported to be worth just ov...
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• Avanath Capital Management Spends $45 Mil on Two Affordable Multifamily Properties
3/23/16
OC-based Avanath Capital Management LLC recently purchased two affordable multifamily assets, one in the Seattle, WA area and the other in the Bay Area, in deals totaling almost $45 mil. The acquisitions constitute the last t...
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• Telenav Moves HQ from Sunnyvale to Santa Clara
3/22/16
Telenav has subleased 54.6k sf of space on the third floor at 4655 Great America Pkwy in Santa Clara. The sublease term is for five years and is expected to begin on April 1, 2016. The firm relocated its HQ space from Sunnyva...
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• Bay Area Apartment Complex Sells for $367k/Unit
3/16/16
A six-unit multi-family complex located in San Mateo sold for $2.2 mil, or $367k per unit. Built in 1959, the property is located at 456 Studio Circle, just south of Peninsula Ave between Hwy 101 and El Camino Real.
Built in...
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• Transwestern Opens Oakland Office
3/14/16
Transwestern has boosted it presence in the East Bay with the opening of a new office in Oakland to meet growing demand for real estate advisory services in the region. The new office will augment the company’s existing offic...
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• CIM Group Acquires Office Buildings, Retail Space and Development Sites at Oakland’s Jack London Square
3/14/16
CIM Group has purchased 434k sf of existing office and retail space in six buildings as well as three land sites that were recently entitled for up to 665 residential units and a hotel at Jack London Square in Oakland. The as...
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• Last Site in San Francisco Zoned for Super Tall High-Rise Sells for $160 Mil
3/11/16
San Francisco’s Transbay Joint Powers Authority (TJPA) has sold Parcel F for $160 mil plus a $15 mil premium in the event of an assemblage of the property with an adjoining lot (540 Howard). The buyer is F4 Transbay Partners ...
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• ROEM Development Corp Pays $22 Mil for Bay Area Affordable Housing Complex
3/09/16
ROEM Development Corporation purchased Delta View Apartments, a 205-unit affordable housing property in the Bay Area city of Antioch, for $22.05 mil ($108k/unit). The transaction was a re-syndication of Section 42 Low Income...
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• CBRE Arranges $26 Mil on Silicon Valley Biz Park
3/09/16
CBRE Capital Markets’ Debt & Structured Finance team has arranged $26.2 mil in balance sheet financing for Silicon Valley Business Park, a six-building, 167k sf office portfolio located in North San Jose. The borrower is Vist...
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• Capital One Arranges $150 Mil Refi Loan on San Francisco Office Building
3/08/16
Capital One has provided a $150 mil, three-year, interest-only loan to an affiliate of Jack Resnick & Sons to refinance a 417k sf office building in San Francisco. The Class A building is located at 215 Fremont St, at Howard ...
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• Major Mixed-User Proposed for San Jose
3/03/16
Shorenstein Properties and Prometheus Real Estate Group have partnered in a proposed development for San Jose’s west side that could ultimately add 360k sf of office space along with over 800 res units, 15k sf of retail space...
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• Regional Center of the East Bay Relocating in Concord
3/03/16
The Regional Center of the East Bay (RCEB) has signed a long-term lease for 24.8k sf at One Corporate Centre in Concord, about 22 miles northeast of Oakland. RCEB leased the entire third floor of the Class A building located ...
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• Trumark Homes and GTIS Partners to Build 139 Single-Family Homes in Dublin
3/02/16
Trumark Homes and GTIS Partners have acquired one neighborhood subdivision within Wallis Ranch, the highly-anticipated master planned development under construction in the Bay Area city of Dublin. The neighborhood, “Fielding”...
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• Swift Real Estate Partners Completes $30 Mil in Pac Northwest Investments
3/02/16
Swift Real Estate Partners recently closed on two Pacific Northwest acquistions in deals totaling $30.5 mil. The acquisitions were made through Swift’s second Fund, SREP II, a $400 mil value-add real estate fund launched in S...
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• 533k sf NoCal Industrial Portfolio Trades in $63 Mil Deal
3/01/16
A partnership of Birtcher Anderson Realty and Merced Capital has acquired a 533.7k sf NoCal industrial portfolio from Garaventa Properties, a family-owned venture, for $63.4 mil ($119/sf). The portfolio consists of three proj...
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• Jeremy’s Department Store Buys Building in Downtown Oakland’s Uptown Area
2/29/16
Jeremy’s Department Store, a discount department store, has purchased a 12k sf commercial building in downtown Oakland for $2.6 mil, or about $217/sf. The store is located at 1701 Franklin St, within the Uptown neighborhood i...
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• Investor Pays $366k/Unit for Redwood City Apartment Complex
2/29/16
A private investor with Asian capital has acquired a 34-unit apartment complex in Redwood City for $12.45 mil, or $366.2k/unit, in an all-cash deal. The property is located at 475 and 485 Redwood Ave, west of El Camino Real. ...
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• Clover Stornetta Farms Inks Two Leases in Petaluma
2/26/16
Clover Stornetta Farms recently signed two long-term lease agreements that will reposition, expand and also retain the company within its NoCal hometown of Petaluma for many more years.
In one of the deals, Clover Stornetta ...
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