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• Commercial Real Estate Financing Briefs
4/09/24
GANTRY - Tony Kaufmann and Joe Foley with Gantry have arranged non-cross collateralized permanent loans totaling $30 mil for one sponsor to refinance two adjacent, Tempe, AZ industrial properties encompassing 298.3k sf of spa...
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• James Escarzega Joins JLL’s Hotels & Hospitality Group
4/09/24
James Escarzega has joined JLL’s Hotels & Hospitality group as a Managing Director in its San Francisco office. Escarzega will collaborate closely with John Strauss, who leads JLL’s west coast hotel efforts, and Charles Halla...
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• New Petaluma Res Project Slated to Open Summer 2024
4/03/24
The Haven at Deer Creek, a new, Class A 134-unit residential development in Petaluma, is slated to open in summer 2024 and has already begun pre-leasing. The solar-powered project, a development of MBK Rental Living, features...
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• Urban Catalyst Lands $10.5 Mil in Financing for San Jose Mixed-Use Development
3/27/24
Urban Catalyst has obtained $10.5 mil in financing to recapitalize the land site and pre-construction costs for Icon/Echo, a mixed-use redevelopment project the company has planned for Downtown San Jose. The approximately 2.1...
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• Intermolecular Inks Long-Term Extension for 146k sf R&D Building in North San Jose
3/26/24
Intermolecular has signed a long-term lease extension for a 146.2k sf R&D building in North San Jose. The company has occupied the property, located at 3011 N First St, for well over a decade.
Intermolecular is an affiliate...
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• Commercial Real Estate Financing Briefs
3/25/24
CBRE -- CBRE's Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek arranged a $43 mil refi loan on El Paseo Shopping Center, a 300k sf retail center in South Gate. The five-year, full-term...
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• Palmetto SuperFoods Inks Lease at New Building in San Francisco’s SouthPark Neighborhood
3/21/24
Palmetto Superfoods, a fast-healthy concept bridging Brazilian açaí and California vegan-focused superfoods, signed a five-year lease for 1k sf of space at 531 Bryant St in San Francisco’s South Park SoMa neighborhood. The tr...
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• Cityview Finishes Work on 378-Unit Res Project in Oakland’s Master-Planned Brooklyn Basin Area
3/20/24
Cityview has completed work on Portico – a 378-unit multifamily project in Oakland. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
Po...
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• BOMA San Francisco Awards 2024 Building of the Year to 23-Story 301 Howard Street
3/18/24
A 319k sf, 23-story Class A office tower at 301 Howard Street in San Francisco’s South Financial District has been awarded the 2024 The Outstanding Building of the Year (TOBY®) by the San Francisco chapter of the Building and...
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• NoCal SIOR Hosts Member Networking Event at Ferry Building
3/11/24
The Northern California chapter of the Society of Industrial and Office Realtors® (SIOR) held its annual kick-off meeting at the Ferry Building last month. Panelists included Travis Durfee, senior vice president, head of oper...
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• Sutter Health Entity Buys NoCal Cold Storage Facility
3/11/24
A 49.8k sf warehouse and cold storage facility in Hercules, CA was acquired by a Sutter Health entity. The property, located at 200 Linus Pauling Dr, roughly 20 miles north of Oakland, features 7.7k sf of office space, six do...
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• San Francisco Mixed-Use Tower Earns Fitwell 2-Star and LEED Platinum Ratings
3/08/24
345 California Street, an iconic, newly renovated Class A mixed-use office property in San Francisco, has achieved the prestigious Fitwel 2-star and LEED Platinum ratings. Fitwel is the pioneering real estate platform driving...
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• PCCP LLC and Alliance Residential Purchase Santa Clara Res Community in $125 Mil Deal
3/07/24
A joint venture of PCCP LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community in Santa Clara for $125 mil ($498k/unit). Prado was built by SummerHill Homes and delivered in April 2021.
The...
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• New Food-First Hotel Project Will Bring 108-Room Resort to Northern California
3/05/24
Construction has begun on Appellation Healdsburg, a 108-room hotel resort on eight acres in Healdsburg, California. The project is a development of Comstock Development, Chef Charlie Palmer and Christopher Hunsberger’s newest...
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• Santa Clara Biz Park Sees Trio of Leases Totaling 175k sf of Space
2/23/24
There have been three recent leases totaling 175k sf of R&D/manufacturing space to report at Bassett Technology Park in Santa Clara, California. A fund sponsored by Hines acquired the campus in the summer of 2020.
EOTech LLC...
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• G.W. Williams Co Picks Up 229k sf San Mateo Industrial Property in $38 Mil Transaction
2/22/24
Koll Cotton Center, a seven-building, 228.6k sf multi-tenant light industrial project in Phoenix’s Sky Harbor submarket, was acquired by San Mateo-based G.W. Williams Co in a $38 mil ($166/sf) transaction. The property was 98...
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• Supermicro Computers Spends $80 Mil on 20 Acres in San Jose
2/21/24
Supermicro Computers acquired a 19.7-acre, fully-entitled development site in San Jose in a recent $80 mil transaction. The property, located at 550 East Brokaw Rd, includes an existing 293.9k sf structure.
Previously occupi...
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• Pleasanton Retail Property Refinanced with New 12-Year Loan for $8.6 Mil
2/12/24
Oak Hills Shopping Center, a 120k sf inline retail property in Pleasanton, was refinanced with a new permanent loan for $8.6 mil. The property, located at 5410-5480 Sunol Blvd, is anchored by Raley’s grocery, with co-tenants ...
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• Commercial Real Estate Financing Briefs
2/09/24
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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• Tidewater Capital Receives Final Approvals for Two Oakland Res Developments
1/31/24
San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown.
The 533 Kirkham ...
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