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• Silicon Valley R&D/Office Building Sold for $169/sf
9/18/24
A 64k sf R&D/office building in San Jose traded hands in a $10.8 mil ($169/sf) transaction. The property was sold by The RMR Group.
The single-story building sits on 4.27 acres at 3939 N. First Street. It features modernized...
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• JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
JRK Property Holdings has acquired two Class A multifamily communities in Minneapolis and San Francisco in separate transactions totaling nearly $100 mil. JRK made the purchases through its JRK Platform 5 Fund.
JRK Platform ...
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• Milan Capital Management Acquires San Jose Power Center in $95 Mil Buy
9/11/24
In a significant retail acquisition in Silicon Valley, Milan Capital Management has purchased The Plant, a 367.9k sf regional power center in San Jose, in a transaction valued at $95 mil. Milan made the purchase in a joint ve...
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• T&T Supermarket to Open First CA Store in San Jose
9/05/24
T&T Supermarket Inc is opening their first store in California, at Westgate Center in San Jose. The new 55k sf store, located at 1600 Saratoga Ave, is set to open in fall 2025.
Bay Area residents will recognize its location...
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• San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
In a recent NoCal multifamily trade, an entity affiliated with The Spieker Companies has acquired the San Mateo Hills apartment portfolio, a 200-unit collection of five properties located in San Mateo. The portfolio sold for ...
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• Pac West Equities Acquires 267k sf of Industrial Assets in the Bay Area
8/28/24
Two industrial assets in the Bay Area totaling 266.7k sf of space were acquired for $44.5 mil ($167/sf) by Pac West Equities, an affiliate of Buzz Oates. The warehouse properties, located at 75 and 89 South Kelly Rd in Ameri...
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• Beckman Coulter Extends Lease for 60k sf in San Jose
8/23/24
Beckman Coulter Inc, a developer and manufacturer of biomedical testing products, has inked an extension on its lease for 60k sf or space in San Jose. The company is located at 170 Rose Orchard Way, within the five-building, ...
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• Berkeley Student Housing Project Lands $30 Mil in Construction Money
8/19/24
Panoramic Interests has secured $30 mil in construction financing for The Northside, a 73-unit student housing project at 1752 Shattuck in Berkeley.
The Northside, now under construction, is situated in the city’s desirable...
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• Bay Area Warehouse Trades in $35 Mil Transaction
8/16/24
In a quick brief on a Bay Area industrial trade, TPM Davis LLC acquired a Hayward warehouse asset in a $35 mil deal. The 132k sf ($265/sf) property includes 1.4k sf of office space.
The property sits on roughly five acres at...
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• Unique Mixed-Use Property in Desirable San Francisco Neighborhood Hits the Market
8/16/24
We’ve learned of an interesting investment opportunity that’s come up in San Francisco’s Duboce Triangle neighborhood. The listing is for a 19k sf, architecturally unique mixed-use building originally built in 1919.
Currentl...
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• Sutter Health’s Palo Alto Medical Foundation Leases 64k sf of Space in Pleasanton
8/15/24
Sutter Health’s Palo Alto Medical Foundation recently inked a lease for 64.2k sf of space at Hacienda Research Center, a single-story R&D/office building located at 4480 Willow Rd in Pleasanton. Terms of the deal were not dis...
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• Klein Investments Family Limited Partnership Closes $81 Mil Purchase of State-of-the-Art Building in San Jose
8/15/24
Klein Investments Family Limited Partnership has acquired Silicon Valley Innovation Hub, a 146.2k sf, state-of-the-art building in San Jose that is fully leased to Merck KGaA, Darmstadt, Germany. The property was sold by a jo...
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• Former San Leandro Retail Center Lands $33 Mil Refi after Transitioning to Power Center/R&D Campus
8/07/24
B3 & Gaw have obtained a $33 mil bridge loan to refinance the old Bayfair Mall in San Leandro, which is successfully transitioning into a mixed-use retail power center and emerging R&D campus.
Encompassing over 715k sf of re...
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• Windy Hill Ventures Secures $105 Mil in Take-Out Financing on New Bay Area Res Development
7/30/24
Windy Hill Property Ventures has obtained $105 mil in construction takeout refinancing for Artisan Crossing, a newly developed, 250-unit multifamily community in the Bay Area city of Belmont. The loan was provided by Varde Pa...
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• San Francisco Officer Tower Sees Four Lease Signings Totaling 79k sf
7/25/24
There have been four recent lease signings totaling 79k sf of space at 650 California Street, an architecturally distinct 33-story office tower in San Francisco’s North Financial District. The high-rise is owned by Columbia P...
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• Commercial Real Estate Financing Briefs
7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
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• Lift Partners Awards 530k sf Management Portfolio to Kidder Mathews
7/15/24
Lift Partners has awarded Kidder Mathews an additional 530.4k sf of property in Northern California to manage. The majority of the space is industrial. This brings Kidder Mathews’ total square footage under management with th...
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• San Francisco Office Vacancy Hits New Record High
7/09/24
KEY TAKEAWAYS Q2-2024 – SAN FRANCISCO OFFICE MARKET
Provided by Cushman & Wakefield
• The San Francisco overall office vacancy rate reached another record high in Q2 2024, up 60 basis points (bps) from Q1 2024 and 640 bps f...
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• Silicon Valley R&D Market: Navigating Change with Continued Innovation
7/03/24
This report provided by real estate services firm Kidder Mathews
Market Highlights
• Asking lease rates increased 3.65% quarter-over-quarter to $2.65/sf/mo NNN.
• The vacancy rate saw a slight uptick from 9.8% to 10.3% quar...
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• Luxury Res Development in Sunnyvale is Completed and Available for Leasing
6/26/24
Leasing is underway at The Martin, a new 479-unit, apartment community in downtown Sunnyvale. The 12-story project, a development of Sares Regis Group of Northern California (SRGNC), is located at 240 S. Taaffe St, south of C...
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