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Premier Business Centers Opens First Oakland Location 9/10/13 Irvine-based Premier Business Centers (PBC) has inked a deal for a new executive suites center at Lake Merritt Plaza in Oakland, the company’s first center in the city. Located on the 18th floor at 1999 Harrison St, PBC’s new...
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Berkeley Point and Freddie Mac Close $325 Mil Refi of San Francisco Res Property 9/10/13 Berkeley Point Capital LLC and Freddie Mac recently closed a $325 mil refi loan on The Gateway, a 1,254-unit multifamily property in San Francisco’s Financial District. The asset also contains 62k sf of ground-floor retail sp...
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Rockwood Capital and Four Corners Properties Close 100k sf NoCal Office/Retail Buy 9/06/13 Rockwood Capital and Four Corners Properties completed the purchase of Water Tower Plaza, a 100k sf office and retail property in the Bay Area city of Campbell. The property is located at 300 Orchard City Dr, south of Campbel...
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Mountain View Affordable Housing Project Comes Online 9/05/13 A new 51-unit, low income housing development in the Bay Area city of Mountain View has officially opened to the public. The project, Franklin Street Family Apartments, was developed by ROEM Corporation in partnership with th...
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Collaborative, Creative Space and Attractive Neighborhoods Essential for Technology Employers 9/05/13 The clustering of highly-skilled, like-minded technology professionals, “tech talent,” is driving demand for office space, with implications for real estate occupiers and investors, in markets from Washington, D.C. to Seattl...
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Construction of New 684k sf Transbay Tower Set to Begin this November in San Francisco 9/04/13 Jay Paul Company is set to begin construction of the Transbay District’s first office and luxury residential tower in November 2013. The site of the 54-story, 684k sf tower is located at 181 Fremont St, south of Market, betwe...
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Plaza De San Jose Near Full Occupancy After Smart & Final Lease 9/03/13 Smart & Final agreed to a lease for a 20k sf pad building at the Plaza De San Jose shopping center in San Jose. Positioned at the southeast corner of Story Rd and King Rd, Plaza De San Jose is anchored by Target and features ...
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New Ashley Furniture HomeStore in Folsom is Finished 8/30/13 Work has been completed on the conversion of a former Sports Authority retail building in the Bay Area city of Folsom into an Ashley Furniture HomeStore. The Hodgdon Group's HMC Construction division handled all entitlements ...
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Pacific Heights Apartment Properties Fetch a Pretty Penny 8/30/13 The other property, 1845 Franklin Street, is an exceptionally maintained 30-unit, Art Deco apartment building with 20 parking stalls. Built in 1926, the property is located one block from Lafayette Park. It has an impressive ...
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Historic San Francisco Office Building Offered for Sale 8/29/13 Seagate Properties has selected Jones Lang LaSalle to market for sale the Adam Grant Building, one of San Francisco’s premier landmark office buildings. The property is located at 114 Sansome St, in the heart of the city’s Fi...
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East Bay Poised for Spillover Office Demand 8/23/13 Here’s a current update on the Oakland/East Bay office market. This summary is part of Marcus & Millichap’s Third Quarter 2013 Office Research Market Overview for the region.
Office users and developers took a breather in Oa...
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Johnson Capital Arranges $6 Mil on San Mateo County Resort Property 8/22/13 Gary Braun, Senior Vice President of Johnson Capital’s Irvine office, has arranged a $6.1 mil loan secured by a mixed-use resort property near the San Mateo County community of Pescadero, California.
The property, known as C...
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RetailNext Moves On to Its Next San Jose HQ Space 8/20/13 RetailNext Inc is relocating to a new 17.1k sf office space in San Jose. The firm, a leading provider of in-store analytics to the retail industry, will occupy the entire 10th floor of the Class A, 15-story, 235k sf office bu...
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Voit Awarded Management Assignment for San Jose Office Property 8/19/13 Rockwood Capital and Four Corners Properties have awarded the management assignment for a 160.4k sf, Class A office building in San Jose to Voit Real Estate Services. Rockwood and Four Corners just recently acquired the build...
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Nutanix Inks Office Expansion Deal in Silicon Valley 8/16/13 Nutanix recently inked an expansion lease for an additional 19k sf of office space in San Jose. With this expansion, the company, a provider of datacenter infrastructure solutions, will occupy 49.6k sf at the building, locate...
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RiverRock Real Estate Group Awarded Management of Commercial Portion of the Presidio 8/15/13 RiverRock Real Estate Group has been awarded the management of the commercial portion the Presidio, a historic site featuring 80 commercial buildings totaling 1.9 msf. With the addition of this assignment, the company now ma...
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The Bascom Group Closes $27 Mil Silicon Valley Multifamily Buy 8/14/13 The Bascom Group recently completed a NoCal multifamily buy, paying $27.6 mil for Campbell Plaza Apartments, a 121-unit garden-style apartment complex in the city of Campbell. The sales price equates to $228k per unit.
Buil...
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Acacia Capital Corp and Essex Property Trust Trade 400-Unit Bay Area Multifamily Asset 8/13/13 In a large Bay Area multifamily investment deal, a fund sponsored by Acacia Capital Corporation has purchased Harbor Cove Apartment Homes in Foster City from Essex Property Trust. Harbor Cove, a 400-unit waterfront apartment ...
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Crystal Jade Leases 16k sf of Restaurant Space in San Francisco 8/08/13 Singapore-based restaurant chain Crystal Jade has leased 15.9k sf of retail space at Four Embarcadero Center in San Francisco. Rhonda Diaz and Jessica Birmingham with Terranomics Retail Services represented the landlord, Bost...
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Drawbridge Realty Trust Spends $18 Mil on Santa Rosa Office Project 8/02/13 Drawbridge Realty Trust has acquired a two-building, 126.6k sf office project in Santa Rosa for $18 mil ($142/sf). This purchase is the first of many planned Drawbridge acquisitions utilizing the $150 mil revolving credit fa...
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