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• Oak Tree Commercial Arranges $6 Mil on Brentwood Mixed-Use Property
4/27/15
Joseph Andrada of Oak Tree Commercial arranged a $6 mil in fixed-rate, permanent loan for Brentwood Towncentre, a three-building, mixed-use property in the Bay Area city of Brentwood. The 33.6k sf complex is home to medical, ...
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• Savills Studley Acquires Cooper Brady Partners
4/24/15
Real estate services firm Savills Studley has boosted its Bay Area presence with the acquisition of Cooper Brady Partners, which previously operated as Cresa San Jose and Cresa Palo Alto. The acquisition was completed on Apri...
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• Bay Area Retail Center Sells for Over $50 Mil
4/21/15
Dublin Place Shopping Center, a 283.5k sf retail shopping center in the East Bay city of Dublin, was acquired by American Realty Advisors for $51.1 mil, or $180/sf. It was sold by PFRS Dublin Corporation.
Dublin Place Shoppi...
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• Bay Area Office Building Acquired by American Realty Advisors
4/15/15
Glendale-based American Realty Advisors has purchased 1001 Galaxy Way, a Class A, 77k sf office building located in the Bay Area city of Concord, on behalf of UFCW-Northern California Joint Pension Plan. The price was not dis...
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• San Francisco Office Market Enjoying Super Duper Uber Leasing Activity
4/10/15
Continued strong demand by tech companies for San Francisco office properties has pushed vacancy rates to record low levels and created an unprecedented level of net absorption, according to a just-released first quarter 2015...
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• CM Capital Corp Pays $24 Mil for Silicon Valley Office Asset
4/09/15
CM Capital Corporation, out of Palo Alto, has purchased 4500 Great America Parkway, a 74.3k sf office property in Santa Clara. The asset was sold by Admiral Capital Group and its joint-venture partner, South Bay Development C...
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• Apartment Building in San Francisco’s Nob Hill Sells at 1.97% Cap Rate
4/07/15
A 13-unit apartment building in San Francisco’s Nob Hill area sold for $2.7 mil, or $207.7k/unit. The transaction came in at a cap rate of 1.97%, according to Colliers International, the lowest cap rate in the last five years...
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• Oakland Res Property Sells for $16 Mil
4/06/15
Jackson Courtyard Condominiums, a residential complex in Oakland, sold for $15.9 mil, or about $338k/unit. The project, located at 14th and Jackson streets in Oakland’s Lakeside district, consists of 45 fully rented luxury co...
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• San Mateo Multifamily Property Sells for Nearly $400k/Unit
4/03/15
Park Laurel Apartments, a 26-unit multifamily property in San Mateo, recently traded hands in a deal valued at $10.3 mil, or $396.2k/unit. The property is located at 710 Laurel Ave, in the city’s Central Park area of downtown...
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• Sand Hill Property Co Takes a Bite Out of Sunnyvale R&D/Flex Market with Jawbone Building Purchase
4/03/15
A 39.3k sf R&D / flex facility in Sunnyvale was purchased by Sand Hill Property Co for $14.45 mil, or $368/sf. The asset, located at 674-678 W. Maude Ave, west of Mathilda Ave and north of Central Expwy, was sold by Ben Londo...
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• Newly Constructed Silicon Valley Apartment Complex Sells for $84 Mil
4/03/15
Oakwood Worldwide recently closed on the purchase of The Lane on the Boulevard, a newly constructed, 141-unit, luxury multifamily community on the San Francisco Peninsula in Redwood City. The property was sold by Summerhill a...
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• Swift Realty Partners Lands Permanent Financing for San Francisco Office Building
4/02/15
Swift Realty Partners has obtained $19.75 mil in permanent financing for 260 California Street, a 12-story, historic brick office building located in San Francisco’s Financial District. 260 California is situated one block fr...
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• Rubicon Point Partners Collects $40 Mil from Silicon Valley Office Sales
4/01/15
Two Class A office buildings in Silicon Valley were sold in separate deals that totaled roughly $40 mil. The properties, located at 274-282 Castro St in Mountain View and 1870 Embarcadero Rd in Palo Alto, were both sold by Sa...
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• Work Begins on Berkeley Apartment Development
3/31/15
Olympic Residential Group has broken ground on a 99-unit market-rate residential mixed-use development at 2121 Dwight Way in Berkeley, California. The site is located along Shattuck Ave in downtown Berkeley and is in close pr...
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• CBRE Arranges $44 Mil in Construction Money for San Francisco Res Project
3/30/15
CBRE Capital Markets’ Debt & Structured Finance team has secured $44.6 mil in construction financing for Eviva Mission Bay, a 129-unit multifamily community in San Francisco. The project will be comprised of 72 one-bedroom, 5...
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• San Francisco Waterfront Office Building to Be Redeveloped
3/27/15
ATC Partners LLC has obtained $14.6 mil in financing to redevelop 1000 Sansome, a 60k sf office building in San Francisco’s Waterfront/Jackson Square district. The borrower plans a Class A upgrade of the brick-and-timber pro...
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• Osterhout Design Group Doubles Its San Francisco HQ Space
3/26/15
Osterhout Design Group (ODG) inked a long-term expansion lease for its San Francisco headquarters, taking the entire 33.9k sf fifth floor at 153 Townsend Street. The increase represents a nearly 50% expansion from its existin...
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• Walker & Dunlop Structures $55 Mil in Acquisition Financing for NoCal Res Buy
3/25/15
Walker & Dunlop Inc has structured a $54.84 mil, Fannie Mae acquisition loan for Highland Gardens Apartments, a 187-unit multifamily complex in Mountain View, CA. Highland Gardens Apartments is a garden-style apartment commun...
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• Postcard Building Gets Stamp of Approval by a New Owner
3/24/15
A two-story, Tudor-style property in the Bay Area city of Burlingame has changed hands at a price of $9.5 mil. The property, built in 1945 and considered a landmark by many, is known as the “Postcard Building.”
The building,...
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• Santa Clara Apartment Asset Goes for Over $250k/Unit
3/20/15
The Village at Lawrence Station, a multifamily complex consisting of 56 units on two contiguous parcels in Santa Clara, sold for $14.25 mil ($254k/unit). The asset was purchased from a private local trust by a large, unnamed ...
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