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• Small Building in Union Square Goes for Big Dollars
8/28/14
A New York-based investment firm has purchased 69 Maiden Lane, the smallest building in San Francisco’s fabled Union Square District, for $4.315 mil, pushing the per-square-foot price in that tony neighborhood to within a whi...
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• Newmark Grubb Knight Frank Completes Acquisition of Cornish & Carey
8/19/14
Global real estate services firm Newmark Grubb Knight Frank (NGKF), a division of BGC Partners Inc, has wrapped up its acquisition of Cornish & Carey Commercial, a NoCal-based commercial real estate brokerage firm. Financial ...
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• Kennedy Wilson Lands Management Assignment for San Francisco Office Tower
8/19/14
East West Bank has awarded the property management assignment for the 555 Montgomery Street office building in San Francisco to Kennedy Wilson. The 18-floor, Class A office building is located in the heart of the city’s finan...
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• Mesa West Provides $51 Mil for Two Bay Area Multifamily Buys
8/12/14
In separate financings, Mesa West Capital has funded two loans totaling $51.4 mil for the acquisition and renovation of multifamily properties in the San Francisco Bay area cities of Larkspur and Palo Alto.
“The San Francisc...
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• The Sobrato Organization Obtains $120 Mil in Financing on San Francisco Office Property
8/12/14
NorthMarq Capital has arranged financing of $120 mil for 500 Terry Francois, a 305.3k sf office building located at 500 Terry A. Francois Blvd in San Francisco. The borrower is an affiliate of The Sobrato Organization.
Built...
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• Jamestown Acquires 297k sf San Francisco Office Asset
8/05/14
In a major San Francisco office buy, Jamestown has just acquired Waterfront Plaza, a 297.3k sf complex in the city’s North Waterfront submarket.
The four-building asset, which was 92% occupied at the time of sale, was sold ...
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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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