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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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TMG / Northwood Investors Partnership to Develop 2 msf of Space at Transbay Site 6/28/13 A joint venture between TMG Partners and Northwood Investors LLC has acquired an assemblage of parcels at First and Mission Streets in San Francisco. The partnership plans to develop two towers with approximately 2 msf of of...
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Cohen Financial Arranges $21 Mil Refi on a FedEx Express Facility 6/27/13 Cohen Financial has arranged a $21 mil refi for a FedEx Express air/ground/transportation facility less than a mile from the Federal Express Super Hub, one of 10 international FedEx hubs, located at the Oakland International ...
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Broadreach to Develop New Office Project on Silicon Valley Site 6/26/13 Broadreach Capital Partners has acquired a 5.2-acre land site in Mountain View, within the Bay Area’s Shoreline submarket, where the company is planning on developing a state-of-the-art office project.
According to Broadreac...
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Genworth Financial Inks Office Lease for 50k sf in Concord 6/24/13 In a recent East Bay office lease, Genworth Financial Wealth Management Inc signed a long-term deal for 50k sf at Swift Plaza in Concord. The investment management and consulting firm is relocating operations from nearby Plea...
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Sares Regis Looking to Develop 52-Unit Res Project in Mountain View 6/21/13 In development news out of Silicon Valley, Sares Regis Group of Northern California is proposing a 52-unit residential community for the 1100 block of West El Camino Real in Mountain View. The proposal includes a collection ...
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94-Unit San Jose Res Development Set to Open 6/21/13 Centered on Capitol, a new San Jose res community, is slated to open its doors tomorrow, with first move-ins expected this fall. The 94-unit project, located at 1328 N. Capitol Ave, on the east side of I-680, is a development...
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Trumark Urban Acquires 222k sf San Francisco Office Building for Res Conversion 6/20/13 In San Francisco res development news, Trumark Urban has purchased a 222k sf office building in the city’s Pacific Heights neighborhood for conversion into a high-end residential tower. The property, located at 2155 Webster S...
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