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• Vista Investment Group Refinances North San Jose Office Building
8/14/15
Vista Investment Group has obtained $19.5 mil in balance sheet financing for 3100 North First Street, a 99.4k sf, two-story, 100% leased office building located in North San Jose. Brad Zampa, Michael Walker and Megan Woodring...
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• East Bay Logistics Coffee Inks Direct Lease for 214k sf Hayward Facility
8/13/15
East Bay Logistics (EBL) Coffee has signed a direct lease for an entire 214.3k sf, Class A warehouse distribution facility in Hayward. Prior to this, EBL Coffee had been subleasing the facility from Matson since late 2012.
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• Investors Trade NoCal Mixed-Use Asset
8/11/15
Star Station, a 17k sf, 23-unit mixed-use property in Northern California sold for $3.15 mil ($185/sf). Starr Station is located at 9940 Starr Rd in the town of Windsor, roughly 60 miles north of San Francisco in Sonoma Count...
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• True North to Take Oakland Office Property in New Direction
8/10/15
True North Management Group, out of White Plains, New York, has purchased Plaza 360, a 114k sf office complex in Oakland’s Uptown submarket. The property was sold by ASB Real Estate Investments. Although a price was not given...
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• Bay Area Apartment Complex Sells for $23.6 Mil
8/10/15
A 65-unit apartment complex in the Bay Area city of Belmont sold for $23.65 mil, or $363.8k/unit. Called three21@belmont, the property is located on 1.5 acres at 301-321 Oxford Way, north of Ralston Ave on the west side of Hw...
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• Pacific Biosciences Agrees to 180k sf Lease in Silicon Valley
8/07/15
Pacific Biosciences of California Inc signed an eleven-year, lease for 180k sf of space in the Silicon Valley city of Menlo Park. Pacific Biosciences’ new space is located at 1315 O’Brien Dr, south of Bayfront Expwy and west ...
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• Interstate Equities Corporation Lands on Marin Gardens
8/07/15
Interstate Equities Corporation (IEC) has acquired Marin Gardens, a rare, un-renovated 46-unit multifamily community in San Rafael. The asset, which was sold by a private family owner, was 95% occupied at the time of sale.
O...
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• TruAmerica Multifamily Closes $59 Mil NoCal Buy
8/06/15
TruAmerica Multifamily has just closed its largest acquisition to date in the Bay Area. The firm, in partnership with Intercontinental Real Estate, paid $59 mil for Maribelle Apartment Homes, a 287-unit, garden-style apartmen...
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• Capital One Provides $35 Mil for San Francisco Res Project
8/05/15
Capital One has provided a $35.1 mil loan to finance the construction of The Martin, a six-story, 92-unit apartment complex being developed by Raintree Partners in San Francisco’s up-and-coming Dogpatch neighborhood. The pro...
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• San Francisco Res Tower Development Gets Underway
8/05/15
Here’s a quick update on a major development slated for San Francisco’s SoMa neighborhood. Hines and Invesco Real Estate have begun construction on 41 Tehama, a 389k sf, upscale multifamily complex in San Francisco's South of...
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• DJM Capital Partners Closes $200 Mil Initial funding for Its Single Tenant Net Lease Fund
8/04/15
DJM Capital Partners Inc has closed its initial round of funding for its $200 mil Single Tenant Net Lease Fund. Retail real estate veteran Robert Brown joined the company last year as Senior Vice President/ Acquisitions to bu...
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• Ridge Capital Investors Pays $35 Mil for 191k sf Pleasanton Biz Park
8/04/15
Ridge Capital Investors has obtained $27.4 mil in non-recourse acquisition financing for Britannia Business Center III, a 191k sf office and R&D portfolio in the Bay Area city of Pleasanton. The REO property was purchased for...
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• Medical Clinic Project Completed in Marin County
8/04/15
Work has just been completed on a 10.7k sf medical clinic in the Marin County city of San Rafael. The project, developed by Meridian, is leased to DaVita Healthcare Partners, who will occupy the entire building.
The project ...
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• Equity Office Properties Awards DTZ Nearly 1 msf in NoCal Property Management Assignments
7/30/15
Equity Office Properties has awarded DTZ 990.5k sf in new property management assignments located in the San Francisco North Bay and East Bay regions. Jim Arce, Senior Managing Director; Warren Mead, Associate Vice President;...
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• Silicon Valley Office Asset Trades Hands in $117 Mil Deal
7/29/15
A CBRE Global Investors-advised fund has purchased Sunnyvale Crossing, a 262.7k sf office complex in Silicon Valley. The asset, consisting of six Class A buildings, was sold by Lane Partners, out of Menlo Park, in a deal indu...
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• Newmark Realty Capital Arranges $10 Mil Refi on Livermore Industrial Park
7/28/15
Mitch Zeemont and Stephen Scarpulla of Newmark Realty Capital Inc has arranged $10 mil in refi money for North Canyon Business Center, a 105.8k sf, multi-tenant flex industrial business center situated on approximately 7.89 a...
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• CardioKinetix Leases 14k sf of Office/Lab Space in Menlo Park
7/28/15
CardioKinetix Inc agreed to a five-year lease for 14.1k sf of office and lab space in Menlo Park. The firm’s new space is located at 1360 O’Brien Dr, south of Bayfront Expwy and west of University Ave, within Tarlton Properti...
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• CBRE Arranges $14 Mil on Bay Area Office Properties
7/28/15
CBRE Capital Markets’ Debt & Structured Finance team has arranged $14.2 mil in long-term, non-recourse financing for two Bay Area office properties on behalf of separate owner/operators. Jim Korinek of CBRE’s San Francisco of...
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• Washington Holdings Buys in Northern California
7/27/15
Washington Holdings recently purchased Zanker Business Center, a 120.4k sf business park in North San Jose. Located at 1920 – 1980 Zanker Rd, the multi-tenant project contains four single-story R&D buildings, with each being ...
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• ScanlanKemperBard Acquires Hamilton Landing Creative Office Campus in Marin County
7/27/15
Portland-based ScanlanKemperBard has acquired Hamilton Landing, a 406.4k sf, creative office campus in Novato, CA. The property consists of seven fully-renovated, two-story office buildings formerly used as aircraft hangars. ...
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