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• San Mateo Office Property Sells for $49 Mil
7/13/15
New York Life Real Estate Investors paid $49 mil for Bridgepointe Office Park, a two-building, 130.8k sf ($375/sf) office property in San Mateo. The asset was sold by a joint venture of Cigna Realty Investors and Harvest Prop...
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• Ellis Partners Closes Marin County Office Buy
7/10/15
In a Marin County investment buy, Ellis Partners LLC purchased Woodside Office Center in downtown Novato. The 87k sf property sold for $16.25 mil, or about $187/sf.
Located at 7250 Redwood Blvd, at the intersection of Redwo...
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• NoCal Medical Office Building Trades
7/08/15
American Realty Capital Healthcare Trust II Inc has purchased a 34k sf medical office building in Santa Rosa. The building, located at 121 Sotoyome, north of Maple Ave and east of Hwy 101, was sold by Sotoyome Medical Buildin...
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• HelloFresh Says Hello Richmond
7/08/15
Here’s the scoop on a recent East Bay industrial lease comp, as HelloFresh Inc agreed to an eight-year, $13 mil deal for a 109.6k sf ($1.24/sf/mo) freezer distribution facility in Richmond. Built in 2000 and expanded in 2005,...
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• San Francisco Industrial Market Treading Water in 2nd Quarter 2015
7/07/15
Here’s a mid-year update on the San Francisco industrial market, provided to us by regional real estate services firm Kidder Mathews:
The San Francisco industrial market took a pause in the second quarter of 2015, with negat...
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• Older Res Property in San Francisco’s Inner Richmond Sells for Over $400k/Unit
7/02/15
In an interesting residential sale from San Francisco, a 12-unit multi-family property in the city’s Inner Richmond neighborhood sold for $4.9 mil ($408k/unit) in an off-market sale. Located at 242 Fifth Ave, the early 1900’s...
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• Buchanan Street Partners Spends $25 Mil on Marin County Office Property
6/30/15
Buchanan Street Partners has acquired Rowland Plaza, a 143.4k sf office project in the Marin County city of Novato. The property was sold by a joint venture between Barker Pacific Group and Rockwood Capital for $24.9 mil ($17...
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• San Francisco Closing in on Minneapolis as the US City with the Highest Percentage of Green Office Space
6/29/15
San Francisco significantly closed the gap on Minneapolis in the rankings of U.S. cities with the highest percentage of green office space, boasting a 70 percent green office market, up from 67.2 percent in 2014, according to...
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• Shorenstein Properties Closes Silicon Valley Office Buy
6/26/15
In a recent Bay Area office buy, Shorenstein Properties LLC has acquired a five-building, 315k sf office campus at 110-180 Rose Orchard Way in North San Jose. Although the price was not disclosed, local pros are estimating a ...
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• New 226k sf Napa Valley Industrial Facility Pre-Leased by Vynapse LLC
6/24/15
Vynapse LLC, dba Pack n’ Ship Direct, has pre-leased a 226k sf, Class A wine warehousing facility at the Greenwood Business Park project in Napa. The building, located at 1325 Airport Blvd, represents Phase I of the new busin...
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• Equus Capital Partners Buys Bay Area Office Building from TMG Partners and Alcion Ventures
6/19/15
Equus Capital Partners, based out of Philadelphia, recently closed on the purchase of an 80.9k sf office building in Santa Clara. The property, located at 3003 Bunker Hill Lane, north of Hwy 101 and just west of Great America...
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• Demand for Trophy Office Space in San Francisco Outpacing the Market in General
6/16/15
Demand for San Francisco’s trophy office towers exceeded demand for all space in the market during the first quarter of 2015, as absorption for space in these buildings jumped 4.5% in the period, compared to an increase of 0....
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• Greystar Acquires 150-Unit Bay Area Apartment Community in a Deal Worth Near $45 Mil
6/11/15
Greystar purchased a 150-unit, Class B apartment community in Pleasanton in a deal said to be worth more than $300k/unit, or $45 mil. The 1981 vintage, garden-style property is located at 4320 Valley Ave, south of I-580 and e...
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• Sares Regis Group of Northern California Selected to Negotiate Development of Transist-Adjacent San Mateo Site
6/11/15
The Peninsula Corridor Joint Powers Board (PCJPB) has selected Sares Regis Group of Northern California (SGNRC) to enter into an exclusive negotiating agreement to develop a 2.7-acre site at the doorstep of the Hayward Park C...
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• MetLife Pays $96 Mil for Silicon Valley Creative Office Project
6/09/15
A MetLife Real Estate Advisors entity has purchased THE Campus, a 250k sf creative office campus in Silicon Valley, for $96 mil, or $384/sf. The project, located at Trimble Rd and Orchard Pkwy in San Jose, was sold by Bixby L...
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• Community Preservation Partners and Related Affordable Purchase 200-Unit Senior Housing Community in Oakland
6/09/15
Community Preservation Partners LLC has acquired Northgate Terrace, a 201-unit affordable senior housing community in Oakland, in a joint venture with Related Affordable LLC for $27.5 mil, or about $137k/unit. The 11-story bu...
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• Pacific Eagle Holdings Corp Buys San Francisco Dev Site from MacFarlane Partners
6/04/15
Pacific Eagle Holdings Corporation has purchased 1125 Market St, a 12.4k sf development site in San Francisco. The site, reportedly the last remaining vacant lot in San Francisco’s rapidly transforming Central Market area, be...
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• Oakland Residential Building Sells for $258k/Unit
6/04/15
Lake Merritt Investment Corp paid $3.35 mil for The Creekside Apartments, a 13-unit ($257.7k/unit) apartment building in the Piedmont Avenue Neighborhood of Oakland. The CAP rate was approximately 4.0% with a GRM of just over...
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• Tishman Speyer Picks Up San Francisco Office Tower
6/03/15
New York-based Tishman Speyer closed on a major office buy in San Francisco, purchasing the 19-story, 290k sf high-rise located at 160 Spear Street, in the city’s South Financial District. The property was sold by Legacy Par...
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• Lifestyle Publisher Sunset Leases HQ Space in Oakland
6/03/15
Sunset, the venerable publisher of lifestyle publications covering the west, has inked a deal for a new 20k sf HQ space at Jack London Square in the heart of Oakland. Sunset is a division of media giant Time Inc.
The firm’s ...
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