| Highbridge Equity Partners Secures $111 Mil Refi on Oakland Office Portfolio
Highbridge Equity Partners has obtained $111 in refi money on a 300k sf, three-building creative office portfolio in Oakland. Highbridge will apply the debt to repay existing loans and fund future improvements on the properti...
| Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding
GreenRock Capital LLC (GreenRock) successfully led $103 mil in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital, located at 845 Jackson St in San Francisco. We’re told this is the largest singl...
| San Francisco Office Market in Recovery Mode
This report was provided by real estate services firm Kidder Mathews
The San Francisco office market is steadily recovering. While 2020 had historically low leasing activity sitting at a total of 3.7 msf comp...
| Res Development Site Across from UC Berkeley Campus Goes for Over $21 Mil
A development site of 0.3 acres situated across the street from the University of California, Berkeley was acquired by an unnamed investor for $21.5 mil. The buyer plans to build an 87-unit, 232-bed student housing developmen...
| CenterPoint Properties Buys 208k sf of Industrial Space in the East Bay
CenterPoint Properties recently acquired two fully-leased industrial properties totaling 208.2k sf in the San Francisco East Bay submarket of Fremont. Deal values were not given out.
The buildings are situated on 13.69 acres...
| Belvedere’s First Housing Proposal Under New State Legislation Submitted to the City
The owners of Mallard Pointe submitted a final application under Senate Bill 330 to the City of Belvedere to revitalize the existing 2.8-acre site with a new, mixed-income community of 42 residences, adjacent to Belvedere Lag...
| Rubicon Point Partners Acquires Ownership of Iconic Rotunda Building in Downtown Oakland
Rubicon Point Partners, a woman- and minority-owned real estate company specializing in transformative investments, has acquired a majority interest in the iconic Rotunda Building in downtown Oakland. It was sold by Rotunda P...
| NIO USA Leases 200k sf San Jose HQ Facility
Electric vehicle manufacturing company NIO USA Inc has agreed to a 10-year lease for a 201.5k sf office HQ facility in San Jose. The firm will utilize the property, located at 3151 Zanker Rd, as a Research and Innovation Cent...
| Longfellow Real Estate Partners Pays $36 Mil for Emeryville Flex/R&D Building
Longfellow Real Estate Partners closed on an off-market acquisition in the East Bay, paying $36 mil for a 62.9k sf ($572/sf), single-story flex/R&D building in Emeryville. The property, located on 2.27 acres at 6601 – 6603 Sh...
| Meta Housing Breaks Ground on 142-Unit Affordable housing Project in Santa Clara
Meta Housing has begun work on Stony Oaks Apartments, a four-story, medium high-density community that will provide 142 units of affordable housing to the city of Santa Rosa. Located at 2542 Old Stony Point Rd, the apartment ...
| Lane Partners Buys Industrial Property in South San Francisco
In a quick Bay Area sales brief, Lane Partners purchased a 70k sf, multi-tenant industrial facility for $22 mil, or $314/sf. The property, located on 2.85 acres at 275 S. Maple St, was sold by a private investment group.
| PRP Collects $182 Mil from Sale of San Francisco Office Asset
PRP has sold 350 Rhode Island Street, a 127.1k sf office building in San Francisco, in two separate transactions totaling $182.5 mil. The property, leased to the City and County of San Francisco, was originally acquired for $...
| Berkeley Apartment Building from the 1960s Sells for $388k per Unit
A 23-unit multifamily property in Berkeley sold for $8.925 mil, or $388k per unit. This was the first time the property, located at 2627 Hillegass Ave, was on the market since its original construction back in the 1960s.
| Woodstock Development Pays Over $1,700/sf for Silicon Valley Office Property
Woodstock Development paid $40.35 mil for Ladera Professional Center, a 23.4k sf ($1,724/sf) office property in Portola Valley, CA. Built in 1964, the property sits on 2.66 acres at 3200-3280 Alpine Rd, roughly 35 miles south...
| CBRE Investment Management Fund Acquires Stake in Over 1 msf of San Francisco Life Science Properties
A fund sponsored by CBRE Investment Management – formerly known as CBRE Global Investors – acquired a majority stake in two life science portfolios in the Mission Bay knowledge cluster of San Francisco. The fund made the inve...
| New Santa Rosa 7-Eleven Trades for $8 Mil in record deal
A private investor based in El Dorado Hills has purchased a brand-new construction, single-tenant net-leased investment occupied by 7-Eleven with a gas station in Santa Rosa, in an $8 mil ($2,667/sf) pre-sale transaction. The...
| Fremont Multifamily Community Sells for $112.5 Mil
The Rexford, a 203-unit, fully-renovated multifamily community in Fremont, was purchased for $112.5 mil ($554k/unit) by a publicly traded real estate investment trust in a deal we’re told ranks as as the largest single multif...
| Channel Properties Buys Newly Constructed Multifamily Property in Marin County
Napa-based Channel Properties purchased a newly constructed, 41-unit multifamily mixed-use development in downtown San Rafael, just north of San Francisco in affluent and severely supply-constrained Marin County. Completed in...
| City Center Realty Partners Buys R&D/Life Sciences Property in Berkeley
City Center Realty Partners has purchased Parker Innovation Hub, a three-building, 40.6k sf R&D and life sciences campus in Berkeley. The property was sold by Lift Partners in a $22 mil ($542/sf) transaction.
| Four Corners Properties Closes $90 Mil Bay Area Office Purchase
Shoreway Innovation Center, a 150k sf, Class A office building in Belmont, traded hands for $90.25 mil ($602/sf). The four-story building, located at 1301 Shoreway Rd, was purchased by Four Corners Properties.