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• San Francisco Boasts Lowest Office Vacancy Rate of Any Major US Metro
8/02/13
Office space absorption is up and vacancy rates are coming down in many markets across the US, according to Jones Lang LaSalle's Second Quarter 2013 Office Outlook. In particular, San Francisco’s high-growth economy has led t...
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• Newly Redeveloped San Francisco Office Building Awarded LEED Gold
8/01/13
Shorenstein Company LLC has achieved LEED Gold certification of 188 Spear Street, a newly redeveloped Class A office building located in San Francisco. The building achieved Gold certification under the LEED Core and Shell...
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• Mill Valley Retail Building Bought by General Contracting Firm
7/30/13
Gary Van Acker, owner of Van Acker Construction Associates, purchased a 29.5k sf retail building in Mill Valley for $4.05 mil ($137/sf). The property is located at 1060 Redwood Hwy, north of Tiburon Blvd and just off Hwy 101....
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• Safeway Inks Deal to Anchor New Village Oaks Shopping Center in South San Jose
7/29/13
Supermarket giant Safeway Inc signed a deal for a brand new ground-up, 55k sf supermarket to be built at the Target-anchored Village Oaks shopping center in South San Jose. The center, located at Great Oaks Blvd and Hwy 85, ...
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• IndCor Properties Awards Management of Additional 6.7 msf of NoCal Industrial Properties to Cassidy Turley
7/26/13
Chicago-based IndCor Properties Inc has awarded the property management responsibilities for an additional 6.7 msf of Northern California industrial space to Cassidy Turley, bringing Cassidy Turley’s IndCor portfolio to appro...
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• San Jose Building Leased by Ciena Corporation
7/26/13
Ciena Corporation signed a 10-year lease for a 64.3k sf building in San Jose. The building, located at 3939 North First St, south of Hwy 237 and west of I-880, is owned by W3 Partners, an institutional real estate investment ...
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• West San Jose Office Asset Acquired by Grosvenor Americas for $47 Mil
7/25/13
San Francisco-based Grosvenor Americas purchased Century Plaza II, a six-story, 100.8k sf multi-tenant building in West San Jose, for $47.1 mil ($467/sf). The Class A asset, located at 560 S. Winchester Blvd, was sold by Deka...
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• Lennar and Resmark to Move Forward with Res Development in Redwood City
7/25/13
In the latest residential development news out of NoCal’s mid-Peninsula region, a joint venture between Lennar Apartment Communities and Resmark Apartment Living plans to develop an eight-story, 196-unit apartment building in...
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• Toeniskoetter Development Inc and Washington Capital Management Acquire Santa Clara Site for Office Development
7/24/13
A joint venture between Toeniskoetter Development Inc and Washington Capital Management has acquired a 35.7k sf R&D building on 2.5 acres in Santa Clara. The property is located at 3303 Scott Blvd, at the corner with Bowers ...
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• Oakland Mixed-Use Portfolio Refinanced with $18 Mil
7/22/13
Peter Sullivan & Associates Inc has obtained $18 mil in refi money for the 167.1k sf Old Oakland portfolio. Kurt Scheidt, Terry Daly, and Rick Lafranchi with Cassidy Turley arranged a 10-year, non-recourse, CMBS loan for the...
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• Mid-Year Numbers on Silicon Valley and Mid-Peninsula Office markets
7/19/13
Jones Lang LaSalle has provided some preliminary stats and highlights for the Silicon Valley and SF Mid Peninsula office markets, as of the end of June 2013. Highlights of their mid-year numbers include:
Silicon Valley
•...
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• Gigamon Subleases 106k sf Santa Clara Office Building
7/18/13
Gigamon Inc agreed to a sublease deal for an entire 105.7k sf, two-story Class A office building in Santa Clara. The building is located at 3300 Olcott St, west of Montague Expwy and south of the 101 Fwy. Terms of the lease ...
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• Technology Remains Primary Driver of Strong Tenant Demand in San Francisco
7/16/13
The San Francisco office market continues to attract tenants and investment from across the nation and around the globe, according to a just released second quarter 2013 San Francisco Office Market Report from Kidder Mathews....
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• Recent Signings Bring East San Jose Community Center to 99% Leased
7/15/13
There have been four recent signings totaling 32.7k sf at White Road Plaza, a 152k sf shopping center in East San Jose. These latest transactions, with dd’s Discounts, Foothill Community Health Center, Papa Chau’s Chinese Fas...
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• Cassidy Turley Mortgage Services Arranges $28 Mil Refi of Ground Lease under Holiday Inn Fisherman’s Wharf
7/11/13
Kurt Scheidt, Terry Daly, and Rick Lafranchi with Cassidy Turley have closed a $28 mil refi of the ground lease under the 342-room Holiday Inn Fisherman’s Wharf in San Francisco. The borrower is FJM Investments.
The new fi...
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• Retail Opportunity Investments Corp Closes $17 Mil Bay Area Buy
7/11/13
Granada Shopping Center, a 69.3k sf, Lucky Supermarket-anchored shopping center in the Bay Area city of Livermore, sold for $17.5 mil ($252/sf) in an off-market transaction. It was purchased by Nasdaq-traded Retail Opportunit...
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• Drawbridge Realty Trust Obtains $150 Mil Credit Facility
7/11/13
San Francisco-based Drawbridge Realty Trust has obtained a $150 mil revolving credit facility with Cleveland-based KeyBank National Association as the lead arranger and administrative agent. Co-participants on the credit faci...
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• Hudson Pacific Properties Lands Uber Tenant for San Francisco Building
7/09/13
Uber Technologies Inc signed a new, 10-year lease for 88.1k sf of office space in San Francisco, at 1455 Market St, in the city’s Mid-Market area. Uber Technologies is a leading provider of affordable luxury transportation th...
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• Bascom Buys in Silicon Valley
7/03/13
The Bascom Group recently completed a large NoCal multifamily buy, paying $27.6 mil for Campbell Plaza Apartments, a 121-unit ($228k/unit) garden-style community in Campbell, about eight miles southwest of downtown San Jose. ...
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• Trumark Urban and Hillwood West Team Up to Develop Infill Condo Projects in San Francisco
7/02/13
Trumark Urban has entered into a joint venture with Hillwood West for the development of new res projects in San Francisco. Hillwood West, a division of Dallas-based Hillwood Investments, is committing to a substantial amoun...
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