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• Sought After UC Berkeley-Adjacent Property Sells for $18.5 Mil
9/04/15
Bancroft Center, a retail property situated adjacent to the campus of UC Berkeley, sold for $18.5 mil in a deal local pros tell us ranks as the most valuable property ever sold for a future mixed-use development in the city o...
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• Newly Constructed NoCal CVS Property Trades at 4.3% Cap Rate
9/04/15
NoCal-based Calipine Corporation paid $4.88 mil in a “pre-opening” purchase of a newly constructed, 16.5k sf, free-standing CVS/pharmacy property in Vallejo, CA. The transaction’s cap rate of 4.3 percent is said to be lowest ...
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• ConAm Adds 137 Units to Its Bay Area Res Portfolio
9/02/15
The ConAm Group, out of San Diego, recently boosted its multifamily portfolio in the Bay Area with the $26.4 mil acquisition of TownCentre Commons, a 137-unit ($192.7k/unit) apartment community in Brentwood. TownCentre Common...
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• Investors Close Buys of Two Bay Area Multifamily Assets
9/01/15
Two Bay Area multifamily developments totaling 90 units were purchased by private investors in separate deals. The properties, Marin Gardens and Skyline Vista Apartments, are both located within a 15-minute commute to San Fra...
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• Brown & Toland Physicians Relocates HQ from San Francisco to Oakland
9/01/15
Brown & Toland Physicians inked a 10-year lease to relocate its corporate headquarters from San Francisco into 60k sf of space at the Clorox Building in the City Center Complex in downtown Oakland. The company plans to move t...
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• BlackRock Realty Advisors Acquires 697k sf Bay Area Biz Park
8/26/15
BlackRock Realty Advisors closed on a major NoCal industrial buy, acquiring The Crossings@880, a 697k sf biz park in Fremont. The project was sold by Overton Moore Properties (OMP) in a deal estimated to be worth around $135 ...
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• Redeveloped Danville Hotel Signs Eight New Retailers
8/24/15
The redevelopment of the historic Danville Hotel is nearing completion and has recently seen eight new signings by retailers. The unique, mixed-use property will feature a blend of shops and eateries in approximately 10.6k sf...
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• The Prime Group Obtains $42 Mil in Financing for Belmont Res Property
8/24/15
The Prime Group has obtained $42.1 mil in permanent financing for The Madison Belmont, a 198-unit garden-style apartment complex in the Bay Area city of Belmont. Andrew Behrens and Jesse Weber of CBRE’s Capital Markets Debt &...
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• San Mateo Res Apartment Property Awarded by USGBC as Outstanding Multifamily Project
8/21/15
The U.S. Green Building Council (USGBC) has awarded 888 North San Mateo Drive as national winner in the Bay Area for Outstanding Multifamily Project. The property, a development of Sares Regis Group of Northern California (SR...
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• SurveyMonkey Inks Lease for 200k sf HQ Space in San Mateo
8/20/15
SurveyMonkey has leased 200k sf of space for a new headquarters location at Bay Meadows Station in San Mateo. SurveyMonkey, the world’s leading online survey and data insights platform, is relocating its current headquarters ...
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• Google Buys 21k sf Mountain View Building It Currently Occupies
8/19/15
Google has purchased a single-story, 20.8k sf building in Mountain View from Drawbridge Realty for $14.9 mil, or $716/sf. The Class A office/R&D building is 100% leased to Google.
The property is located at 2637 Marine Way, ...
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• Greystone Provides $58 Mil in Freddie Mac Money on Santa Rosa Senior Living Facility
8/19/15
Greystone has provided a $58.34 mil Freddie Mac loan to refinance Varenna at Fountaingrove, a 163-unit independent living facility in Santa Rosa, California. The complex is owned and operated by affiliates of Oakmont Senior L...
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• Rockwood Capital Arranges $40 Mil on San Francisco Res Building
8/18/15
Rockwood Capital has obtained $40 mil in refi money for The Gantry, a five-story, 105-unit residential building in San Francisco. The Gantry is located at 2121 Third St, east of I-280 and just south of Mission Bay in the city...
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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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