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• Bay Area Office Market Continues to Roll Along
10/14/13
Jones Lang LaSalle has provided updated numbers on the Bay Area office market, which is being driven in great part by the high-tech and healthcare industries. Here are some highlights from JLL’s latest research:
San Franc...
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• ASB Real Estate Investments Spends $110 Mil on San Francisco Office Asset
10/10/13
ASB Real Estate Investments has closed on a large San Francisco office buy, paying $110 mil for the 180k sf 795 Folsom Street building in the city’s Yerba Buena district. The deal works out to around $610/sf.
795 Folsom St ...
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• Cushman & Wakefield Awarded Leasing Assignment for Alameda Point
10/07/13
PM Realty Group (PMRG) has awarded the leasing assignment for Alameda Point to Cushman & Wakefield. Alameda Point is the commercial development situated on 1,000 acres and encompassing 90 buildings on the former Naval Base in...
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• Thompson | Dorfman Partners Creates New Urban Infill Development Division
10/03/13
Thompson | Dorfman Partners LLC has established a new division, TDP | Bay Area Partners Inc to focus on creating new urban infill, mixed-use development opportunities, and has named industry veteran Bruce Fairty as a partner....
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• HUD Leases 50k sf in Downtown San Francisco
10/02/13
The Department of Housing and Urban Development (HUD) has signed a 10-year lease for 50.3k sf at the landmark One Sansome Street Tower in San Francisco. Located in the heart of the city’s Financial District, One Sansome Stre...
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• Toll Brothers Purchase 12.5-Acre Res Development Site in Milpitas from Warmington Residential
10/01/13
In a sizable NoCal land buy, Toll Brothers acquired a 12.41-acre site from Warmington Residential for the development of Traverse, a planned community in Milpitas. The project is expected to cost more than $100 mil. Construct...
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• Bridge Bank Signs Renewal/Expansion Lease for 70k sf in San Jose
9/30/13
Bridge Bank inked a 10-year renewal/expansion lease for a total of 70k sf at 55 Almaden Blvd, part of a three-building office project known as the Almaden Financial Plaza in the heart of Downtown San Jose. We’re told that thi...
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• Cohen Financial Arranges $8 Mil on San Jose Office Building
9/27/13
Cohen Financial has arranged $8 mil in refi money for 777 North First Street, a 90k sf office building in San Jose. The six-story, Class B property is well located on a light rail station, near the San Jose airport and the Sa...
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• Pleasanton Corporate Commons Awarded LEED Platinum
9/27/13
Pleasanton Corporate Commons in Pleasanton was awarded Platinum certification under the U.S. Green Building Council's LEED for Existing Buildings (EB) Rating System, and is the first such LEED EB certified property in the Eas...
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• Jamestown Sweetens Its Portfolio with Purchase of San Francisco’s Ghiradelli Square
9/26/13
In a sweet San Francisco retail investment deal, Jamestown has acquired Ghirardelli Square, a 100.4k sf lifestyle and entertainment-oriented retail complex located at the city’s iconic Fisherman’s Wharf. The retail portion of...
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• Berrueta Hits Investment Target with Milpitas Wet Lab Buy
9/26/13
Berrueta Investments purchased a 66.7k sf office/wet lab building in Milpitas. The building, located at 521 Cottonwood Dr, north of Montague Expwy and west of I-880, was sold by a major global pharmaceutical company.
A porti...
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• East Bay Logistics Leases 105k sf San Leandro Facility
9/25/13
East Bay Logistics (EBL) signed a long-term lease for a 105.5k sf, freestanding warehouse facility in San Leandro. The property is located at 1800 Merced St, near the Port of Oakland, Oakland International Airport, and I-880....
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• Sistema US Purchases 95k sf Facility in Petaluma
9/24/13
Sistema US purchased a 94.5k sf industrial building in Petaluma for $7.96 mil ($84/sf). Recently vacated by Pomegranate Communications, The building, located at 775 Southpoint, is considered a rare, quality distribution build...
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• UMEX Molding Extrusion Company Buys 318k sf Stockton Facility
9/23/13
Universal Molding Extrusion Company completed the purchase of a 318.3k sf, state-of-the-art manufacturing plant in Stockton. UMEX purchased the facility to house its fully-owned subsidiary International Window Corporation, wh...
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• Leasing at Pacific Shores Takes Off with Rocket Fuel
9/20/13
Rocket Fuel signed a long-term lease for 105.8k sf of Class A office space at 1900 Seaport Blvd, within the Pacific Shores Center campus in Redwood City. Rocket Fuel, a growing advertising technology company that recently fil...
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• Ellis Partners Renovates Mid-Peninsula Office Park
9/16/13
San Francisco-based Ellis Partners, LLC has renovated and renamed The Lakes at Bayhill, a three-building, 147.6k sf office park located mid-peninsula, just three minutes from San Francisco International Airport. Ellis acquir...
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• Cassidy Turley Affiliates in AZ, CO, NoCal and San Diego Now Fully Owned by the Company
9/13/13
Former Cassidy Turley affiliates in Arizona, Colorado, Northern California and San Diego are now fully owned by the company. This unified ownership structure fits with the firm’s objectives set three years ago when the firm l...
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• New San Jose Res Tower Gets Underway
9/13/13
Centerra, a mixed-use high-rise being developed in downtown San Jose, just broke ground. The property is wholly owned by the AFL-CIO Building Investment Trust (BIT), with SIMEON Residential Properties serving as the developer...
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• Google’s Mountain View Search is Over
9/12/13
A major property transformation will soon get underway at the former Mayfield Mall in Mountain View. Tech giant Google Inc signed a long-term office lease with the property’s owners, a joint venture between Rockwood Capital L...
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• Thailand Investment Entity Spends Over $100 Mil on Oakland Res Community
9/11/13
In a large, institutional-quality multifamily acquisition from the East Bay, Thailand-based Land & Houses PCL purchased Domain, a 264-unit, luxury transit-oriented condominium rental community located in Oakland’s award-winni...
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