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• TruAmerica Multifamily Closes $59 Mil NoCal Buy
8/06/15
TruAmerica Multifamily has just closed its largest acquisition to date in the Bay Area. The firm, in partnership with Intercontinental Real Estate, paid $59 mil for Maribelle Apartment Homes, a 287-unit, garden-style apartmen...
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• Capital One Provides $35 Mil for San Francisco Res Project
8/05/15
Capital One has provided a $35.1 mil loan to finance the construction of The Martin, a six-story, 92-unit apartment complex being developed by Raintree Partners in San Francisco’s up-and-coming Dogpatch neighborhood. The pro...
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• San Francisco Res Tower Development Gets Underway
8/05/15
Here’s a quick update on a major development slated for San Francisco’s SoMa neighborhood. Hines and Invesco Real Estate have begun construction on 41 Tehama, a 389k sf, upscale multifamily complex in San Francisco's South of...
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• DJM Capital Partners Closes $200 Mil Initial funding for Its Single Tenant Net Lease Fund
8/04/15
DJM Capital Partners Inc has closed its initial round of funding for its $200 mil Single Tenant Net Lease Fund. Retail real estate veteran Robert Brown joined the company last year as Senior Vice President/ Acquisitions to bu...
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• Ridge Capital Investors Pays $35 Mil for 191k sf Pleasanton Biz Park
8/04/15
Ridge Capital Investors has obtained $27.4 mil in non-recourse acquisition financing for Britannia Business Center III, a 191k sf office and R&D portfolio in the Bay Area city of Pleasanton. The REO property was purchased for...
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• Medical Clinic Project Completed in Marin County
8/04/15
Work has just been completed on a 10.7k sf medical clinic in the Marin County city of San Rafael. The project, developed by Meridian, is leased to DaVita Healthcare Partners, who will occupy the entire building.
The project ...
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• Equity Office Properties Awards DTZ Nearly 1 msf in NoCal Property Management Assignments
7/30/15
Equity Office Properties has awarded DTZ 990.5k sf in new property management assignments located in the San Francisco North Bay and East Bay regions. Jim Arce, Senior Managing Director; Warren Mead, Associate Vice President;...
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• Silicon Valley Office Asset Trades Hands in $117 Mil Deal
7/29/15
A CBRE Global Investors-advised fund has purchased Sunnyvale Crossing, a 262.7k sf office complex in Silicon Valley. The asset, consisting of six Class A buildings, was sold by Lane Partners, out of Menlo Park, in a deal indu...
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• Newmark Realty Capital Arranges $10 Mil Refi on Livermore Industrial Park
7/28/15
Mitch Zeemont and Stephen Scarpulla of Newmark Realty Capital Inc has arranged $10 mil in refi money for North Canyon Business Center, a 105.8k sf, multi-tenant flex industrial business center situated on approximately 7.89 a...
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• CardioKinetix Leases 14k sf of Office/Lab Space in Menlo Park
7/28/15
CardioKinetix Inc agreed to a five-year lease for 14.1k sf of office and lab space in Menlo Park. The firm’s new space is located at 1360 O’Brien Dr, south of Bayfront Expwy and west of University Ave, within Tarlton Properti...
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• CBRE Arranges $14 Mil on Bay Area Office Properties
7/28/15
CBRE Capital Markets’ Debt & Structured Finance team has arranged $14.2 mil in long-term, non-recourse financing for two Bay Area office properties on behalf of separate owner/operators. Jim Korinek of CBRE’s San Francisco of...
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• Washington Holdings Buys in Northern California
7/27/15
Washington Holdings recently purchased Zanker Business Center, a 120.4k sf business park in North San Jose. Located at 1920 – 1980 Zanker Rd, the multi-tenant project contains four single-story R&D buildings, with each being ...
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• ScanlanKemperBard Acquires Hamilton Landing Creative Office Campus in Marin County
7/27/15
Portland-based ScanlanKemperBard has acquired Hamilton Landing, a 406.4k sf, creative office campus in Novato, CA. The property consists of seven fully-renovated, two-story office buildings formerly used as aircraft hangars. ...
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• Businesses Signed Leases for 156k sf of Space in Downtown/Uptown Oakland in the Second Quarter of this Year
7/24/15
In the second quarter of this year, businesses with plans to move into Downtown/Uptown Oakland or to expand their existing presence there closed leases totaling more than 156k sf of space. These figures were provided to us by...
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• JLL to Acquire Shelter Bay Retail Group
7/21/15
JLL has agreed to acquire Shelter Bay Retail Group, a retail property management firm based in Mill Valley, CA. The addition of Shelter Bay’s 74 urban and suburban, open-air shopping centers is expected to boost JLL’s third-p...
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• LaSalle Investment Management Buying San Francisco Office Building
7/21/15
In news of a pending San Francisco office sale, Chicago-based LaSalle Investment Management is reportedly buying the 133k sf building at 450 Sansome Street from Cornerstone Real Estate Advisors. The deal is said to have a pri...
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• NetSuite Expands its Global Headquarters in San Mateo
7/20/15
NetSuite has inked an expansion lease for 49.3k sf of additional space in San Mateo, bringing its global headquarters footprint to more than 165k sf. The firm is located at 2955 Campus Dr and 2929 Campus Dr, on the southeast ...
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• Silicon Valley Retail Building Sells for $690/sf
7/20/15
A 5.8k sf, freestanding retail property in the Silicon Valley city of Campbell was purchased by an owner/user for $4 mil ($690/sf). The property is located at 1870 S. Bascom Ave, south of Hamilton Ave and on the east side of ...
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• East Bay Office Property Trades Hands
7/20/15
Alameda Center, a four-building, 155k sf office property portfolio in Alameda, was acquired by PCCP LLC for $19.6 mil ($126/sf). The property is located at 2430 to 2490 Mariner Square Loop, adjacent to the intersection of Web...
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• Allianz Global Corporate & Specialty Inks Largest Petaluma Office Lease in Over a Decade
7/14/15
Allianz Global Corporate & Specialty (AGCS) has inked a multi-year deal for 85k sf of space within the Redwood Business Park in Petaluma. The lease will provide AGCS with the entire second floor and a portion of the first flo...
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