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• San Francisco Bay Area Claims 11 of the Largest Office Leases in 2024
3/03/25
This report provided by CBRE
The San Francisco Bay Area claimed 11 of the 100 largest U.S. office leases in 2024, according to a new report from CBRE. Ten of those leases were signed by tech companies, and one by a life scie...
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• Recent Deals Bring Commercial Space Occupancy at Sunnyvale Mixed-Use Development to 80%
3/03/25
Recent leasing activity has brought the commercial space at Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, to over 80% occupied. And, the residential side is also seeing significant activity wi...
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• Brixton Capital Acquires 215k sf Bay Area Shopping Center for $67 Mil
3/03/25
Brixton Capital has acquired Washington Square, a 215.5k sf shopping center in the Bay Area city of Petaluma, for $67.5 mil, or $313/sf. The eight-building property was sold by El Segundo-based Paragon Commercial Group.
Th...
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• EBR Systems Leases 51k sf Bay Area R&D Facility
2/26/25
EBR Systems has leased a 51.1k sf, Class A research and development (R&D) building located at 4600 Patrick Henry Dr in Santa Clara. The company offers products that assist with cardiac rhythm disease by providing more physio...
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• Commercial Real Estate Financing Briefs
2/21/25
CBRE - Mike Walker, Jesse Weber, Andrew Behrens and Brad Zampa with CBRE’s Debt and Structured Financing team arranged $25 mil in financing for 88 Hillside Apartments, a 95-unit multifamily community in Daly City, on behalf o...
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• Upscale Res Project Finished in Mountain View
2/20/25
Avelle, a new upscale apartment community at the gateway to Mountain View in the Bay Area, has been completed and is now open. The 203-unit project, situated in the heart of Silicon Valley, includes 30 affordable homes. It wa...
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• Unique NoCal Planned Resort Development Listing Hits the Market
2/13/25
Paraiso Springs Resort, a 235-acre fully entitled, planned luxury resort and residential retreat in California’s Santa Lucia Highlands area, has been put on the market. The seller is a private family who has owned the propert...
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• Uber HQ Complex in San Francisco Refinanced with New Loan for $500 Mil
2/12/25
A two-building, 586.2k sf office complex in San Francisco’s Mission Bay neighborhood has been refinanced with a new loan for $500 mil. The property, located at 1655 and 1725 Third St, is owned by a joint venture between affil...
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• San Francisco Res Project Lands $108 Mil in Structured Debt
2/11/25
Presidio Bay Ventures has obtained $108.3 mil in structured debt to retire maturing construction financing for the Ventana Residences, a 193-unit, Class A multifamily community located at 99 Ocean Ave in San Francisco’s Outer...
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• Investor Lands $11 Mil Refi on Two Bay Area Industrial Assets
2/10/25
A private investor refinanced two Bay Area industrial properties with a new permanent loan for $11 mil. The financing was arranged by Gantry.
One of the properties is a single-tenant industrial building at 1941 Ringwood Ave ...
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• Sigray Leases 63k sf of Space in the East Bay
1/28/25
Sigray, a manufacturer of laboratory x-ray systems, inked a lease for 63.1k sf of space in Benicia. We’re told the deal, at 5500 East 2nd St, was the second largest lease in Q4 2024 in the Napa-Solano County industrial market...
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• Former Call Center in the Bay Area Sells for $11.5 Mil
1/27/25
ATI Windows bought Green Tech Plaza, a 103.2k sf, former call center property in Fairfield, for $11.5 mil ($111/sf). Built in 2000, the property is located at 5253 Business Center Drive.
Green Tech Plaza has over 40k sf of s...
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• Metropolis Investment Holdings Pays Off $150 Mil Loan for 600k sf San Francisco Office Tower
1/24/25
345 California Center, an iconic Class A office tower totaling 600k sf over 35 floors in the heart of downtown San Francisco, is now owned debt free by its long-time owner 345 California LP, an affiliate of Metropolis Investm...
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• NoCal Multifamily Brokerage Team of Keith Manson, Zachary Greenwood and Mac Watson Joins Cushman & Wakefield
1/21/25
The veteran NoCal multifamily brokerage team of Keith Manson, Zachary Greenwood and Mac Watson has joined Cushman & Wakefield to lead the firm’s Northern California Multifamily Capital Markets. The move will enable Cushman & ...
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• Silicon Valley Office Market Sees Strong Leasing Activity and Declining Vacancy Amid Construction Slow-Down
1/15/25
This report provided by CBRE
MARKET HIGHLIGHTS
• Santa Clara County’s labor force stood at 1.03 million with 990,000 employed residents at the close of Q4 2024. The unemployment rate closed the quarter at 4.2%, a 29-basis-p...
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• Realterm Closes on 13-Property IOS Portfolio Buy
1/13/25
Realterm purchased a 13-property industrial outdoor storage (IOS) truck terminal portfolio totaling 631.6k sf across 131 acres in seven major U.S. markets. The portfolio, which is 97% leased to 10 tenants, consists primarily ...
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• Barker Pacific Group Founder and CEO Michael Barker Passes Away
1/10/25
Michael Barker, Founder and CEO of Northern California-based Barker Pacific Group, has passed away at 80 years old. Barker, who founded the company in 1983, died suddenly on Saturday, December 7, 2024, after falling while vis...
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• San Mateo Retail Center Trades in $127 Mil Transaction
1/10/25
Bridgepointe Shopping Center, a 231.7k sf community retail center in San Mateo, was acquired by a joint venture between Sterling Organization and Cohen & Steers in a $127 mil ($548/sf) transaction. The asset was sold by Nuvee...
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• Terry Bell and Joe Elliott Join CBRE
1/09/25
Terry Bell and Joe Elliott have joined CBRE, out of the firm’s Silicon Valley office. The duo specializes in leasing office, R&D, and industrial properties globally.
Bell and Elliott join from Colliers. Notable clients incl...
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• Bay Area Industrial Outdoor Storage Portfolio Acquired by Realterm in a $25 Mil Transaction
1/08/25
Realterm has purchased the Fremont Industrial Outdoor Storage (IOS) Portfolio, comprising two fully leased properties totaling 267.2k sf in the prime Fremont submarket of Silicon Valley, in a $25.875 mil deal. The portfolio c...
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