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• New Ashley Furniture HomeStore in Folsom is Finished
8/30/13
Work has been completed on the conversion of a former Sports Authority retail building in the Bay Area city of Folsom into an Ashley Furniture HomeStore. The Hodgdon Group's HMC Construction division handled all entitlements ...
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• Pacific Heights Apartment Properties Fetch a Pretty Penny
8/30/13
The other property, 1845 Franklin Street, is an exceptionally maintained 30-unit, Art Deco apartment building with 20 parking stalls. Built in 1926, the property is located one block from Lafayette Park. It has an impressive ...
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• Historic San Francisco Office Building Offered for Sale
8/29/13
Seagate Properties has selected Jones Lang LaSalle to market for sale the Adam Grant Building, one of San Francisco’s premier landmark office buildings. The property is located at 114 Sansome St, in the heart of the city’s Fi...
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• East Bay Poised for Spillover Office Demand
8/23/13
Here’s a current update on the Oakland/East Bay office market. This summary is part of Marcus & Millichap’s Third Quarter 2013 Office Research Market Overview for the region.
Office users and developers took a breather in Oa...
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• Johnson Capital Arranges $6 Mil on San Mateo County Resort Property
8/22/13
Gary Braun, Senior Vice President of Johnson Capital’s Irvine office, has arranged a $6.1 mil loan secured by a mixed-use resort property near the San Mateo County community of Pescadero, California.
The property, known as C...
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• RetailNext Moves On to Its Next San Jose HQ Space
8/20/13
RetailNext Inc is relocating to a new 17.1k sf office space in San Jose. The firm, a leading provider of in-store analytics to the retail industry, will occupy the entire 10th floor of the Class A, 15-story, 235k sf office bu...
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• Voit Awarded Management Assignment for San Jose Office Property
8/19/13
Rockwood Capital and Four Corners Properties have awarded the management assignment for a 160.4k sf, Class A office building in San Jose to Voit Real Estate Services. Rockwood and Four Corners just recently acquired the build...
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• Nutanix Inks Office Expansion Deal in Silicon Valley
8/16/13
Nutanix recently inked an expansion lease for an additional 19k sf of office space in San Jose. With this expansion, the company, a provider of datacenter infrastructure solutions, will occupy 49.6k sf at the building, locate...
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• RiverRock Real Estate Group Awarded Management of Commercial Portion of the Presidio
8/15/13
RiverRock Real Estate Group has been awarded the management of the commercial portion the Presidio, a historic site featuring 80 commercial buildings totaling 1.9 msf. With the addition of this assignment, the company now ma...
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• The Bascom Group Closes $27 Mil Silicon Valley Multifamily Buy
8/14/13
The Bascom Group recently completed a NoCal multifamily buy, paying $27.6 mil for Campbell Plaza Apartments, a 121-unit garden-style apartment complex in the city of Campbell. The sales price equates to $228k per unit.
Buil...
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• Acacia Capital Corp and Essex Property Trust Trade 400-Unit Bay Area Multifamily Asset
8/13/13
In a large Bay Area multifamily investment deal, a fund sponsored by Acacia Capital Corporation has purchased Harbor Cove Apartment Homes in Foster City from Essex Property Trust. Harbor Cove, a 400-unit waterfront apartment ...
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• Crystal Jade Leases 16k sf of Restaurant Space in San Francisco
8/08/13
Singapore-based restaurant chain Crystal Jade has leased 15.9k sf of retail space at Four Embarcadero Center in San Francisco. Rhonda Diaz and Jessica Birmingham with Terranomics Retail Services represented the landlord, Bost...
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• Drawbridge Realty Trust Spends $18 Mil on Santa Rosa Office Project
8/02/13
Drawbridge Realty Trust has acquired a two-building, 126.6k sf office project in Santa Rosa for $18 mil ($142/sf). This purchase is the first of many planned Drawbridge acquisitions utilizing the $150 mil revolving credit fa...
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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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