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Redeveloped San Francisco Office Building is Certified LEED Gold 8/04/14 A newly redeveloped Class A office building located in the Mid-Market submarket of San Francisco has been awarded LEED Gold certification under the Core and Shell rating system. The building, 1 TENth, is owned by Shorenstein ...
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Berkeley Res Building Refinanced with $11 Mil Loan 8/01/14 CBRE Capital Markets’ Debt & Structured team has arranged $11 mil in non-recourse financing for The Delaware Apartments, a 51-unit apartment building in the East Bay city of Berkeley. The borrower is an affiliate of Hudson Mc...
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Planned San Jose Office Campus is First Silicon Valley Project Pre-Certified LEED for Neighborhood Development 8/01/14 North First Campus, a 1.8 msf, 43-acre master-planned office campus being developed by Lowe Enterprises and an affiliate of Five Mile Capital Partners, has been pre-certified for LEED for Neighborhood Development (LEED-ND) by...
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1920s-Era Oakland Office Building to Be Transformed for Modern, Creative Space Needs 7/31/14 Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired Latham Square, a 15-story, 114k sf office building in Oakland, for $12 mil ($105/sf). The property, located at 1611 Telegraph Ave, a few blocks w...
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Bay Area Multifamily Asset Fetches Over $300k/Unit 7/29/14 Viking Apartments, a 35-unit apartment property in the Bay Area Peninsula city of Burlingame, sold for $10.8 mil ($308.6k/unit). Located at 500 El Camino Real, two blocks from the city’s downtown, the asset was acquired by a...
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Six Cassidy Turley Brokers in NoCal Named Rising Stars 7/28/14 Six NoCal brokers have been named a Cassidy Turley Rising Star for 2014. Real estate professionals Gary Boitano (Burlingame), Michael Harris (Sacramento), Dane Hooks (Oakland), Sean McCallum (San Francisco), Charlie Moore (Sa...
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San Jose Multifamily Asset Goes for $87 Mil 7/23/14 A 174-unit, market-rate transit-oriented apartment community located in San Jose’s “Golden Triangle” area sold for $86.7 mil, or around $498k per unit. The property, located at 121 Tasman, west of I-880 and south of Hwy 237, ...
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Swift Real Estate Partners Finances 1.3 msf NoCal Office Buy with $152 Mil Loan 7/23/14 Swift Real Estate Partners has obtained $152 mil in debt financing for California Center, a 1.3 msf office campus in the East Bay city of Pleasanton that the company just acquired from RREEF in June. Starwood Property Trust p...
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San Francisco Travel Leases 19k sf in City’s Financial District 7/23/14 San Francisco Travel has relocated into 19.4k sf of office space on the 29th floor at One Front Street in San Francisco’s Financial District. Terms of the deal were not disclosed.
San Francisco Travel’s new high-end space co...
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Mozart Does the Tango 7/22/14 Tango has inked a long-term lease that will give the company full occupancy of a 53.4k sf, Class A corporate R&D/office building in Mountain View. Tango is a free mobile messaging service with more than 200 million registered...
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Hortonworks Leases 65k sf Santa Clara Building 7/21/14 Hortonworks has leased an entire 65k sf office building within the Stadium TechCenter campus in Santa Clara. The company will be relocating and expanding its operations currently located in Palo Alto. Hortonworks is scheduled...
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Work on Marin County Emergency Operations Facility Completed 7/17/14 Redevelopment and final tenant improvement work at Marin Commons in San Rafael to create the new Marin County Emergency Operations Facility (EOF) has been completed. The Sheriff's Office will occupy 118k sf covering the enti...
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Patson Companies Pays $72 Mil for San Francisco Office Building 7/09/14 San Francisco-based Patson Companies recently closed on a San Francisco office buy, paying $72.6 mil for 1155 Market St in the city’s Mid-Market area. The 11-story, 140k sf ($518/sf) building was sold by Laurus Corporation.
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Frontline Energy Services Leases 13k sf Office Space in Concord 7/08/14 Frontline Energy Services leased 13k sf of office space in Concord Gateway II in the Bay Area city of Concord. Frontline will use the space, located at 1855 Gateway Blvd, south of Willow Pass Rd and east of Hwy 242, as the re...
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The STG Group Pays $13.4 Mil for 169k sf of Santa Rosa Office Properties 7/03/14 The STG Group paid $13.4 mil for a portfolio of five office buildings located in Santa Rosa. The buildings, totaling 169k sf ($79/sf), were sold by longtime owner, Sausalito-based Berg Holdings Corp, led by Skip Berg. The pro...
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San Jose Office Property Sells for $52 Mil 7/02/14 In a San Jose office investment deal, American Realty Capital LLC has purchased a recently repositioned office campus for $52 mil from Bixby Land Company. The 165k sf ($315/sf) property, located at 211, 251 and 281 River Oaks...
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Kennedy Wilson Picks Up 542-Unit Bay Area Multifamily Asset 7/02/14 Kennedy Wilson has acquired Kirker Creek Apartments, a 542-unit multifamily community in Pittsburg, CA, for $96.5 mil ($178k/unit). Kennedy Wilson invested $21.2 mil of equity in the transaction, including closings costs and ...
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Go Raw Uses SBA Financing to Relocate into New San Jose Facility 6/26/14 Go Raw has relocated into a newly constructed 63.2k sf warehouse in San Jose. The firm financed the purchase and construction of the building, located at 1885 Las Plumas Ave, just east of Hwy 101 and Kings Rd, with a $7.1 mil...
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San Francisco Restaurant Acquires Their Building with SBA Financing 6/23/14 The owners of DRAKE Gastro Lounge have acquired the 9.9k sf building they occupy in San Francisco’s South of Market area (SOMA). The two-story restaurant, bar, and lounge is located at 508 Fourth St, at the intersection with ...
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Jamestown Collects Over $400 Mil from Sale of Pacific Place in San Francisco 6/23/14 Atlanta-based Jamestown has sold Pacific Place, a 430k sf, LEED Gold-certified office and retail property located at 4th and Market streets in downtown San Francisco. Situated at the dynamic nexus of the Union Square, South o...
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