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• Intuit Signs 200k sf San Francisco Office Lease for Its Demandforce Division
12/19/13
Intuit Inc has signed a long-term renewal/expansion lease for the entire office portion of the building at 22 Fourth Street in San Francisco, owned by real estate investment and management firm Jamestown. Demandforce, a divis...
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• Lane Partners Buys 500k sf Silicon Valley Office/R&D Portfolio
12/18/13
Menlo Park-based Lane Partners has acquired a Sunnyvale Office/R&D Portfolio, which includes 16 office and R&D buildings totaling 508.9k sf primarily located in the Peery Park submarket within Sunnyvale. The portfolio is 94% ...
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• Morgan, Lewis & Bockius LLP Leases 60k sf Office Space at Palo Alto Building Still Under Construction
12/18/13
International law firm Morgan, Lewis & Bockius LLP inked a lease for 60k sf of office space at 1400 Page mill Rd in Palo Alto, at the intersection with Hanover St. The firm, which is relocating from elsewhere in the city, wil...
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• Vestar to Handle Leasing and Management for 865k sf NoCal Power Center
12/17/13
Vestar has been awarded the property management, leasing and marketing assignment for Pacific Commons, an 865.8k sf power center situated on 80 acres in the NoCal city of Fremont. The asset is owned by a large institutional ...
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• Romel Enterprises Acquires San Mateo Building from Equity Office Properties
12/17/13
Romel Enterprises LLC purchased 400 South El Camino Real, a 14-story, 146k sf Class A office property in downtown San Mateo. The building was sold by Equity Office Properties. The price was not disclosed.
Originally complet...
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• Investors Trade NoCal Multifamily Property in $9 Mil Deal
12/13/13
Woodlane Apartments, a 41-unit apartment property located on the San Francisco Peninsula in Redwood City, was purchased by a private investor for $9.15 mil ($223k/unit). The apartment complex is located at 1660 Gordon St, clo...
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• Pebblebrook Hotel Trust Closes $132 Mil Buy of the Radisson Hotel Fisherman’s Wharf
12/12/13
In a big NoCal hotel buy, Pebblebrook Hotel Trust paid $132 mil for the Radisson Hotel Fisherman’s Wharf. The 355-room hotel, which includes approximately 44k sf of street retail space, is located in the heart of San Francisc...
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• Thorofare Capital Funds $5.9 Mil Purchase 149k sf NoCal Industrial Building
12/12/13
Thorofare Capital has funded a $5.9 mil acquisition loan for the purchase of a lender-owned, 148.9k sf industrial building located on San Antonio Street in the NoCal city of Hayward. The borrower is BRAD management, a private...
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• Marcus & Millichap Duo Brokers $71 Mil in NoCal Redevelopment Property Deals
12/11/13
In recent development news from Northern California, eight key Silicon Valley redevelopment sites along the El Camino Real corridor have traded hands in multiple transactions totaling $71.1 mil. Kirk Trammell and J.J. Taughin...
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• Avnet Leases 53k sf Property in North San Jose
12/10/13
Avnet leased an entire, 52.7k sf single-story building within the Montague Corporate Center in North San Jose, The freestanding R&D building, located at 2580-2584 Junction Ave, is owned by Menlo Equities.
The building recen...
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• Orchard City Kitchen Leases 6.2k sf Restaurant Space in Campbell
12/10/13
Orchard City Kitchen, a new restaurant run by well-known chef Jeffrey Stout, has inked a lease for 6.2k sf of space at The Pruneyard Shopping Center in the NoCal city of Campbell.
Orchard City Kitchen will take over space oc...
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• CBRE Group Acquires San Francisco Firm The CAC Group
12/09/13
Leading real estate services firm CBRE Group Inc closed on a substantial acquisition in San Francisco, having purchased The CAC Group (CAC), one of the leading commercial real estate firms in the city. The acquisition signifi...
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• Investor Group Picks Up Well-Located Building on Market St in San Francisco
12/06/13
A group of high net worth investors has purchased 925 Market Street, a 7.5k sf, jewel-box brick and timber retail/office building located near San Francisco’s Westfield Mall. The price was not disclosed.
Situated between Fif...
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• CBRE Arranges $20 Mil on NoCal Retail Property
12/05/13
CBRE Debt & Equity Finance Group arranged $20 mil in refi money on a grocery-anchored shopping center in the Silicon Valley city of Saratoga. The non-recourse loan was originated by CBRE’s John Nelson on behalf of a local inv...
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• San Jose R&D Property Goes for $89/sf
12/03/13
Silicon Valley University paid $6.3 mil for a 71.1k sf ($89/sf), high-image R&D building in North San Jose. Silicon Valley University is a private, non-profit, higher educational institution.
The freestanding building, locat...
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• Palo Alto Office Building Sells for Over $1,000/sf
12/02/13
Rockwood Capital has acquired 130 Lytton, a 50k sf office building in downtown Palo Alto, for $53 mil, or $1,060/sf. The building is 100% leased to A9, a subsidiary of Amazon, for use as its headquarters. It was sold by KG-Ly...
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• Salinas Industrial Owner Receives Encore for Recent 125k sf Signing
12/02/13
Encore Recycling Inc signed a long-term lease for 124.8k sf of industrial space at the Firestone Business Park in Salinas. The recycling company is a newly formed subsidiary of Vernon-based Command Packaging, a privately owne...
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• Invesco Completes Silicon Industrial Portfolio Buy
11/27/13
Invesco Real Estate closed on the purchase of The Central Silicon Valley Industrial Portfolio, a portfolio of assets including four Class A warehouse and manufacturing buildings totaling 312.1k sf, located in Sunnyvale and Sa...
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• Silicon Valley Apartment Property Trades for $11.4 Mil
11/26/13
The Village at Lawrence Station, a four-building, 56-unit apartment complex in the Silicon Valley city of Santa Clara, recently sold for $11.4 mil, or just over $200k/unit.
The Village at Lawrence Station is located at 3488 ...
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• ULTA Beauty Opens Eight New Bay Area Locations over the Past Year
11/25/13
ULTA Beauty has expanded its San Francisco Bay Area footprint by opening eight new locations in the past year. Rapidly approaching its 40-store target for the market, the beauty products retailer now maintains 17 Bay Area sto...
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