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• Trans-Continental Real Estate Investment Corp Acquires 40k sf of Cupertino Office Buildings
4/15/14
Trans-Continental Real Estate Investment Corp recently acquired two adjacent office buildings in Cupertino totaling 40.1k sf of space. The buildings, situated on separate parcels at 20085 and 20111 Stevens Creek Blvd, east of...
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• Salesforce.com Finalizes Record Office Lease for Well Over $500 Mil in San Francisco
4/12/14
Salesforce.com has agreed to a lease for 713k sf of space at the still-under-construction, 61-story 415 Mission Street Tower in San Francisco’s SOMA District. We’re told that this is the largest office lease in San Francisco ...
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• Demand Exceeding Supply of Office Space in San Francisco
4/11/14
For the first time since the late 1990’s dotcom boom, tenants are now in the market for more office space than is currently available in San Francisco, leading to a game of “musical chairs,” according to 1st quarter 2014 rese...
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• Jamestown Finds Platphorm for Filling Creative Office Space in San Francisco
4/09/14
Platphorm signed a deal for 5.6k sf of office space 799 Market Street, a 142.9k sf mixed-use project at the northeast corner of Market and Fourth Streets in downtown San Francisco. Platphorm, a growing technology firm that pr...
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• Stockbridge Capital Group Recapitalizes San Francisco Office Tower with $185 Mil Loan
4/08/14
Mesa West Capital has provided Stockbridge Capital Group with a $185 mil loan to recapitalize 140 New Montgomery, a recently renovated, 26-story Class A high-rise in San Francisco’s South Financial district. The collateral i...
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• Kidder Mathews Awarded Leasing for Menlo Business Park
4/03/14
Kidder Mathews has been awarded the leasing assignment for Menlo Business Park (MBP), a 16-building, 900k sf business campus in Silicon Valley’s Menlo Park. At the moment, 101k sf of space at the development, owned by Princip...
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• DivcoWest Buys Lake Merritt Plaza in Oakland
4/02/14
DivcoWest has purchased Lake Merritt Plaza, which consists of two office buildings totaling 535k sf in Oakland. Although we don’t have the deal price at this time, we can tell you that the buildings were sold by Boston-based...
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• EAH Housing/KTGY Group Team Selected for Emeryville Mixed-Use Development
3/31/14
EAH Housing has been selected by the City of Emeryville to develop a new mixed-use affordable apartment community at 3706 San Pablo Ave. EAH chose award-winning national firm KTGY Group Inc to design the community. The 86-uni...
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• Associated Estates Realty Corporation and AIG to Develop Three-Acre SOMA Site in San Francisco
3/28/14
Associated Estates Realty Corporation and AIG Global Real Estate have entered into a 50:50 joint venture partnership to develop a 3.36-acre site at 8th and Harrison in San Francisco’s SOMA District. The project will be known ...
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• General Supply & Services Inks East Bay Renewal/Expansion Lease for 122k sf
3/26/14
General Supply & Services Inc has signed a renewal / expansion that boosted the company’s footprint to a total of 122k sf of warehouse space at the Peppertree Industrial Park in Hayward. General Supply & Services renewed roug...
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• Bixby Land Acquires another Silicon Valley Office Project
3/24/14
Bixby Land Company has completed another Silicon Valley acquisition with the purchase of Lake Park Business Center, a seven-building office complex in Santa Clara. The 405.3k sf asset was acquired from Divco West. The price w...
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• San Francisco’s Hamms Building Bought by Downtown Properties
3/19/14
The Hamm’s Building, a 12-story, 184.7k sf office building in San Francisco, was acquired by Downtown Holdings at a price estimated near $90 mil, or over $450/sf. The property, located at 1550 Bryant St, was sold by TMG Part...
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• Monterey Peninsula Resort Property Refinanced with New 10-Year First
3/19/14
Sonnenblick-Eichner Company arranged $14.7 mil of first mortgage financing for the Sanctuary Beach Resort, a 60-room oceanfront resort located in Marina, CA. The 10-year, non-recourse fixed-rate loan included interest-only p...
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• Bixby Land Completes Renovation of San Jose Office Park
3/18/14
Bixby Land Company has finished construction on THE Campus, a four-building, 250k sf office park in San Jose that the company has transformed into a modern work environment. Studio G Architects of Campbell, CA designed the re...
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• Trifecta Management Group to Develop Dining/Entertainment Concept at Jack London Square in Oakland
3/17/14
Trifecta Management Group has inked an agreement with Jack London Square Ventures for a major dining and entertainment concept for the Pavilion Building that formerly housed a Barnes and Noble in Oakland’s Jack London Square ...
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• Private Investor Pays $23 Mil for Bay Area Apartment Portfolio
3/17/14
Redwood City Portfolio I, a five-property, 112-unit multifamily portfolio in Redwood City was acquired for $23.2 mil ($207.1k/unit) by a private investor in a 1031 exchange. The buyer traded out of a 42-unit apartment buildin...
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• San Francisco Office Tower Awarded LEED Platinum for Operations + Maintenance
3/14/14
Equity Office Properties has received LEED certification for 100 Montgomery, a 475k sf office high-rise in downtown San Francisco. The building was certified at the Platinum level for Operations + Maintenance.
Built in 1955...
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• Ronbow Brings a Little Leasing Sunshine to Livermore Industrial Park
3/13/14
Ronbow Corporation, a bathroom décor designer/manufacturer, has signed a long-term relocation/expansion lease for a 178k sf industrial facility in Livermore. Ronbow is making the move after outgrowing its former space in Newa...
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• San Francisco Development Opportunity Site Listed for Sale
3/12/14
A 106.8k sf commercial property in San Francisco that serves as the broadcast and office base of KRON Channel 4 television has been listed for sale. The broadcast company will be relocating to another facility this year, open...
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• Historic Danville-San Ramon Medical Center Sells for $15.3 Mil
3/11/14
Rassier Properties-Mercado LLC has purchased Danville-San Ramon Medical Center, a 74.6k sf office complex in Danville, for $15.3 mil ($205/sf). The project was roughly 70% occupied at the time of sale.
Located at 901-919 Sa...
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