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Highbridge Equity Partners Secures $111 Mil Refi on Oakland Office Portfolio 1/31/22 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...
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Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding 1/31/22 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...
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San Francisco Office Market in Recovery Mode 1/28/22 This report was provided by real estate services firm Kidder Mathews
MARKET DRIVERS
The San Francisco office market is steadily recovering. While 2020 had historically low leasing activity sitting at a total of 3.7 msf comp...
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Res Development Site Across from UC Berkeley Campus Goes for Over $21 Mil 1/28/22 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...
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CenterPoint Properties Buys 208k sf of Industrial Space in the East Bay 1/27/22 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...
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Belvedere’s First Housing Proposal Under New State Legislation Submitted to the City 1/27/22 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...
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Rubicon Point Partners Acquires Ownership of Iconic Rotunda Building in Downtown Oakland 1/25/22 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...
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NIO USA Leases 200k sf San Jose HQ Facility 1/14/22 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...
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Longfellow Real Estate Partners Pays $36 Mil for Emeryville Flex/R&D Building 1/13/22 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...
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Meta Housing Breaks Ground on 142-Unit Affordable housing Project in Santa Clara 1/07/22 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 ...
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Lane Partners Buys Industrial Property in South San Francisco 1/07/22 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.
We’...
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PRP Collects $182 Mil from Sale of San Francisco Office Asset 1/06/22 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 $...
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Berkeley Apartment Building from the 1960s Sells for $388k per Unit 1/03/22 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.
262...
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Woodstock Development Pays Over $1,700/sf for Silicon Valley Office Property 12/27/21 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...
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CBRE Investment Management Fund Acquires Stake in Over 1 msf of San Francisco Life Science Properties 12/23/21 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...
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New Santa Rosa 7-Eleven Trades for $8 Mil in record deal 12/21/21 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...
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Fremont Multifamily Community Sells for $112.5 Mil 12/17/21 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...
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Channel Properties Buys Newly Constructed Multifamily Property in Marin County 12/10/21 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...
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City Center Realty Partners Buys R&D/Life Sciences Property in Berkeley 12/09/21 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.
Parker Innovati...
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Four Corners Properties Closes $90 Mil Bay Area Office Purchase 12/08/21 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.
Shoreway Inno...
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