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• Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City
7/11/23
Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
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• Windy Hill Property Ventures and Rockwood Capital Pick Up San Jose Res Asset in $83.5 Mil Deal
7/06/23
A joint venture of Windy Hill Property Ventures and Rockwood Capital has acquired Vespaio, a 162-unit Class A multifamily community located in a highly amenitized area in central San José, for $83.5 mil ($515k/unit).
Located...
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• San Francisco Office Vacancies Continue to Reach New Heights
7/05/23
This report was provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
Total Vacancy climbs to 26.8%
Sublease Vacancy increased by 80 bps quarter-over-quarter to 5.8%.
There is a large discrepancy between pr...
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• Six Bay Area Multifamily Trades Total $19 Mil
7/05/23
Here’s a quick update on six multifamily transactions in the Bay Area that totaled more than $19 mil. The deals were brokered, at least in part, by Levin Johnston of Marcus and Millichap, who represented the sellers and sourc...
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• Mission Rock Partners Tops Out 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
6/29/23
The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, recently marked the topping out of Parcel F, a 23-story multifamily residential tower in S...
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• Bay Area Office Building Lands $11.3 Mil Refi
6/21/23
In a recent Bay Area office financing deal, a six-story, 83.6k sf multitenant tower in Berkeley was refinanced with a new permanent loan for $11.3 mil. The building, originally built in the 1960s, is currently home to more th...
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• Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers
6/21/23
Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
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• BH Properties Buys 60-Acre Holy Names University Campus in Oakland
6/20/23
BH Properties has purchased the 60-acre campus of Holy Names University in Oakland for $65 mil. The recently vacated campus consists of 15 buildings that include a performing arts center, chapel, library, gym, classrooms and ...
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• The Conservatory Now Re-Opened at One Sansome in San Francisco
6/19/23
The Conservatory, a historical architectural gem at One Sansome in downtown San Francisco, is now re-imagined and re-opened for public use. Since Barker Pacific Group took ownership of One Sansome, a soaring 42-story tower in...
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• NXP Inks Lease for 40k sf in North San Jose
6/19/23
Global semiconductor company NXP signed a long-term lease for 40k sf at its five-building Rose Orchard campus on Rose Orchard Way in North San Jose. Eindhoven, Netherlands-based NXP’s U.S. division, currently operates at ten ...
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• San Francisco Office Building Lands $8 Mil in Financing
6/15/23
A private investor has obtained $8.2 mil for a brick and timber office building located at 499 Jackson St in the heart of San Francisco’s Jackson Square Historic District. The 18k sf, five-story building with basement feature...
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• Modesto Multifamily Property Trades in $25 Mil Deal
6/15/23
Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
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• Santa Clara Biz Park Gets New Owner
6/13/23
San Tomas Business Centre, a 79.4k sf, business park in Santa Clara, changed hands. The office and light industrial/warehousing property, located at 2060-2101, 2110, 2116 and 2118 Walsh Ave, is comprised of nine buildings.
S...
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• IDEAYA Biosciences Leases 44k sf in South San Francisco
6/08/23
IDEAYA Biosciences, a clinical-stage precision medicine oncology company, inked a long-term lease for 44k sf of space at 5000 Shoreline Court. Owned by DivcoWest, 5000 Shoreline Court is a 140k sf, Class A building on the bay...
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• East Bay Industrial Park Secures $19.4 Mil Refi
6/06/23
Central Avenue Center, a five-building, 150k sf multi-tenant industrial park in the East Bay city of Richmond, was refinanced with a $19.4 mil permanent loan. It was used to take out a maturing CMBS loan.
The park serves a d...
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• Madison Capital Group Acquires East Bay R&D Campus in $260 Mil Deal
6/05/23
Madison Capital Group purchased a 575.8k sf R&D property in the East Bay city of Fremont in a deal reported to be worth $260 mil. The asset, previously used as a manufacturing plant by Solyndra, was sold by Seagate Technology...
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• Redevelopment of Burlingame’s Historic Post Office Property Well Underway
5/31/23
Construction of the new 220 Park development in downtown Burlingame is nearing completion. The project returns and integrates the historic Burlingame Post Office building to its original location.
The 1,010-ton 1940s-era B...
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• Ohana Real Estate Acquires the Claremont Hotel & Spa in $163 Mil Transaction
5/23/23
Redwood city-based Ohana Real Estate acquired the Claremont Hotel & Spa, a 276-room hotel property in Claremont, in a deal worth $163 mil ($591k/room). The asset is managed by Fairmont Hotels.
The property was sold by Toront...
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• Bay Area Life Science Development Pipeline Normalizes
5/19/23
This report provided by real estate services firm JLL
Life sciences under development inventory in the Bay Area normalizes after a period of hypergrowth
• The development inventory of life science (laboratory with office) ...
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• Four Multifamily Properties Trade in Deals Totaling Over $7 Mil
5/19/23
Here’s a quick look at four multifamily transactions totaling $7.215 mil in San Jose that closed during March 2023. The properties have a combined 22 units. The closed transactions consist of:
• 2785 Almaden Road – a five-u...
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