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• Gold’s Gym Opens New Monterey Location
6/02/15
Gold’s Gym has leased 17.7k sf of end cap space for a new health club location along California’s central coast in Monterey at the Del Monte Shopping Center.
Owned by Balboa Retail Partners LLC, Del Monte Shopping Center is...
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• Buchanan Street Partners Buys 112k sf South San Francisco Office Campus
5/29/15
Buchanan Street Partners has acquired South San Francisco Business Center, a three-building, 112.4k sf flex office campus in South San Francisco. The price was $25.8 mil, or about $229/sf.
South San Francisco Business Center...
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• San Francisco Res Project to Get Underway After Landing $48 Mil in Construction Money
5/28/15
Trumark Urban and Hillwood West are nearing the start of construction on a new residential and retail development in San Francisco after obtaining $48 mil in senior construction money from PCCP LLC. Construction is anticipate...
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• Newmark Realty Capital Arranges $25 Mil on Two San Francisco Office Buildings
5/27/15
Newmark Realty Capital Inc has arranged $25 mil in permanent financing for two mid-rise office buildings totaling 102k sf of space in the North Waterfront area of downtown San Francisco. Both buildings were extensively renov...
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• Two Bay Area Apartment Buildings Bring $23 Mil
5/22/15
Two Bay Area apartment buildings with a combined 78 units were purchased by different buyers in deals that totaled $23.1 mil in price. The properties, located on the San Francisco Peninsula in Redwood City are 180 Buckingham ...
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• San Jose Corp Facility Purchase Financed with $35 Mil in Funding
5/21/15
An affiliate of Oakmont Corporation has acquired the Broadcom Building, a 200k sf building in San Jose that is fully occupied by Broadcom Corporation, in a deal valued near $55 mil. The purchase was funded by $35.7 mil in fin...
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• New Mountain View Affordable Community Adds 49 Workforce Housing Units to the City
5/20/15
Studio 819, a new affordable community in the city of Mountain View, has opened its doors to the public. The project, consisting of 49 studio workforce housing units, was developed by ROEM Corporation and Eden Housing in part...
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• Trammell Crow Residential and Thompson | Dorfman Partners Form Multifamily Venture
5/20/15
Trammell Crow Residential (TCR) and Thompson | Dorfman Partners LLC have formed a joint venture that has an initial capital commitment to fund $500 mil for the development of Bay Area multifamily housing.
Under the terms of...
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• Showplace ICON Theatre to Open Its First Western US Location in West San Jose
5/18/15
Kerasotes Showplace Theatres has leased 62.2k sf of space for a brand new, modern upscale movie theatre at the popular Westfield Valley Fair Mall in west San Jose. The lease is for the company’s ShowPlace Icon Theatre, a fair...
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• Hines REIT Buys 155k sf Silicon Valley Office Building
5/15/15
Texas-based Hines Global REIT has acquired a 155.6k sf, Class A office building in San Jose. The property, located at 2851 Junction Ave, west of I-880 and just south of Montague Expwy, was sold by TMG Partners and Alcion Vent...
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• East Bay Multifamily Property Sells for $184k/Unit
5/14/15
The Modera Apartments, a 40-unit apartment building in the Bay Area city of Concord, sold for $7.35 mil, or $183.8k per unit. The cap rate was approximately 5.0% with a GRM of almost 12.
Located at 1704 Clayton Rd, The Mode...
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• TMG Partners and Alexandria Real Estate Equities Pick Up San Francisco Dev Site
5/13/15
A joint venture between TMG Partners and Alexandria Real Estate Equities Inc has acquired 505 Brannan Street, a fully entitled development site in San Francisco complete with Prop M office allocation secured during late 2014....
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• Starbucks Completes Leases for Eight NoCal Locations
5/12/15
Starbucks has recently inked deals for eight new, full-service locations in Northern California. All of the locations ranged between 1.8k sf and 2.2k sf in size.
The Starbucks transactions included the following:
• 2k sf a...
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• Four Attorneys at Allen Matkins Elected to Partnership
5/08/15
Four attorneys at Allen Matkins, the CA-based full service real estate and business law firm, have been elected to partnership. They are: real estate attorney Anthony R. Burney, in its San Francisco office; insolvency and rec...
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• Samsung Buys 385k sf Office/R&D Campus from TMG Partners and Farallon Capital Management
5/06/15
Samsung Electronics has purchased a 385k sf, 8.5-acre office campus in Mountain View from TMG Partners and Farallon Capital Management, the property developers. Although the price was not immediately disclosed, industry sourc...
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• Timothy A. Tosta, Steve Atkinson and Frank R. Petrilli Join Arent Fox LLP
5/06/15
Arent Fox LLP has expanded its nationally recognized Real Estate practice with the addition of partner Timothy A. Tosta, counsel Steve Atkinson, and associate Frank R. Petrilli. A preeminent real estate authority in Bay Area ...
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• Grosvenor Americas Provides $35 Mil in Financing for Two San Francisco Res Projects
4/29/15
Grosvenor Americas has provided structured financing totaling $35.5 mil to DM Development for two residential projects in San Francisco. The projects are located at 815 Tennessee Street and 2290 3rd Street.
Nearby, the 71 ap...
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• Drawbridge Realty Spends $37 Mil on San Jose HQ Complex
4/28/15
Drawbridge Realty paid $37.5 mil for a two-building, 160k sf office/industrial complex in San Jose. The property, located at 5300-5350 Hellyer Ave, is 100% NNN leased through May 2022 to Cobham Electronic Systems, a wholly ow...
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• TMG Partners and Farallon Capital Management Close Bay Area Buy
4/28/15
A joint venture between TMG Partners and Farallon Capital Management LLC has purchased 46555 Landing Parkway, a 117k sf, R&D building at Bayside Technology Park in Fremont. The price was not disclosed.
Formerly occupied by S...
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• San Francisco is the Number One Choice for Investors in 2015
4/27/15
Half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row, according to the CBRE North America 2015 Invest...
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