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Vestar to Manage Hacienda Crossings Retail Property in Dublin 3/01/23 PNC Realty Investors has retained Vestar to provide management, leasing and marketing services for Hacienda Crossing, a 438.5k sf, mixed-use power center in the Bay Area city of Dublin.
Hacienda Crossings is located at 4820-...
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Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield 3/01/23 Stanford University has awarded a 14-building, 1.1 msf office portfolio in addition to a 7 msf NNN ground lease portfolio to Cushman & Wakefield’s Northern California Asset Services team. The properties are located in one of ...
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South San Francisco Hotel Fetches $182k/Room 2/28/23 A Laxmi Hospitality LLC affiliate closed on a South San Francisco hotel buy, paying about $31 mil for La Quinta by Wyndham Hotel, a 170-room ($182k/unit) property. The hotel is situated on 1.3 acres at 20 Airport Blvd, on the...
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Exchange Investor Pays $550/sf Single-Tenant Building in San Jose 2/17/23 An 8k sf, single-tenant building NNN-leased to Citibank in San Jose traded for $4.4 mil, or $550/sf. The property, located at 3510 Leigh Ave, just north of Hillsdale Ave, is 100% leased to Citibank, which has six years of lea...
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Vivani Leases Life Science Building in the East Bay 2/15/23 Biopharmaceutical company Vivani has signed a 43.6k sf, full building lease at 1350 South Loop, within the Radius @ Harbor Bay campus, a nearly 700k sf life science and innovation campus located in Alameda. Terms of the deal ...
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Taipei Economic and Cultural Office Spends $52.8 Mil on San Francisco Office Building 2/09/23 Taipei Economic and Cultural Office (TECO) has acquired a brand new, 56k sf Class A office building in San Francisco’s South of Market (SoMa) neighborhood for $52.8 mil ($943/sf). The seven-story building, designed by Stanton...
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Provender Partners and StepStone Real Estate Complete $158 mil Recapitalization of 1 msf Cold Storage Portfolio 2/01/23 Provender Partners (Provender) and StepStone Real Estate (SRE) have completed a $158 mil secondary and recapitalization of a 1 msf cold storage portfolio with assets in the high-growth industrial markets of: Oakland, CA; Las ...
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San Francisco Bay Area Residents Demand Tech-Enabled Solutions at Multifamily Properties 1/26/23 San Francisco Bay Area multifamily landlords and property managers have been adopting technology-enabled solutions to accept, manage, and safely secure incoming packages at multifamily properties. ButterflyMX, a leading provi...
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91k sf Retail Center in the East Bay Gets New Owner 1/20/23 In an East Bay retail trade, Balboa Retail Partners purchased Pinole Square, a 91k sf retail community center in Pinole, roughly 17 miles north of Oakland. The property is located at 1201-1577 Tara Hills Dr, on the northwest ...
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BentallGreenOak Buys Newly Constructed Sacramento Industrial Project 1/18/23 BentallGreenOak acquired Metro Air Park Logistics Center - Phase I, consisting of two new Class A industrial buildings totaling 308.8k sf in Sacramento. The asset was sold by Badiee Development in a deal said to be worth arou...
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Morgan Stanley Pays Over $1,500/sf for Menlo Park Office Building 1/17/23 In a recent Bay Area office buy, Morgan Stanley purchased a 44.7k sf building in Menlo Park for $68 mil, or $1,521/sf. The property is fully occupied by Menlo Medical Clinic, a partner with Stanford Health Care.
The propert...
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Fremont Multifamily Property Sells for $$27 Mil 1/06/23 Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, traded hands in a recent $27.2 mil ($453k/unit) transaction.
Built in 1987, Victoria Park is located at 40882 High St. The property cont...
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Avanath Capital Management Spends $131 Mil on 297-Unit Bay Area Affordable Housing Portfolio 1/05/23 Avanath Capital Management LLC has acquired the Novato Portfolio, comprising two LIHTC rental apartment properties totaling 297 units in the Bay Area submarket of Novato, for $131.5 mil ($443k/unit). Purchased with equity fro...
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Transwestern Ventures to Develop 375k sf Life Sciences Campus in Vacaville 12/30/22 Transwestern Ventures and Transwestern Real Estate Services are preparing to move forward with development of Axiom Point, a 375k sf, state-of-the-art biomanufacturing campus in the Bay Area city of Vacaville. Plans for the n...
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NoCal Chick-fil-A Single-Tenant Property Sells for $2,167/sf 12/23/22 A NoCal-based private investor purchased a new, 4.8k sf single-tenant net lease Chick-fil-A Drive-Thru in Livermore for $10.4 mil, or $2,167/sf. The property was sold by Meridian, a full-service real estate developer and inve...
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SIOR Northern California Chapter Names 2023 Board 12/23/22 The Northern California chapter of Society of Industrial and Office Realtors® (SIOR) has named its board for 2023.
Michael Carrigg, SIOR, Colliers/Pleasanton, will serve as the chapter’s president for the year; Ethan Smith,...
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Fremont Multifamily Property Sells for $453k/Unit 12/22/22 Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, sold in a $27.2 mil ($453.3k/unit) trade. Victoria Park is located at 40882 High St, just west of I-680.
Built in 1987, Victoria Park of...
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San Jose R&D Asset Trades in $41.5 Mil Deal 12/20/22 WF Batton Management Company bought Valley Research Center, a 129k sf R&D campus in North San Jose in a $41.5 mil ($322/sf) transaction.
Valley Research Center is comprised of two 64.5k sf buildings, which were renovated in ...
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Boardwalk Investments Group Lands $245 Mil Refi on Mixed CA Portfolio 12/15/22 Boardwalk Investments Group has secured $245 mil in refi money on a CA portfolio that includes: an iconic Napa Valley hotel property; three Class A coastal Orange County retail centers; a Class A multi-housing community locat...
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The Prado Group Buys Five-Acre San Francisco Property to be Redeveloped into 273-Res Project 12/14/22 The Prado Group has purchased the 4.9-acre site in San Francisco’s Presidio Heights neighborhood occupied by the California Pacific Medical Center in a deal said to be worth over $50 mil. The property, which was sold by Sutte...
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