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• PCCP Provides $14 Mil in Acq Money for Basin Street’s Latest Buy
1/12/12
Here’s some follow-up info to the news about Basin Street Properties’ $17 mil purchase of Stone Point Plaza, a 96k sf office building in Roseville, which we first reported a few days ago. In the deal, PCCP LLC provided a $14 ...
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• A Little Latitude Goes a Long Way in Financing San Francisco Office Buy
1/09/12
Latitude Management Real Estate Investors Inc (Formerly Legg Mason Real Estate Investors) recently closed a $17.8 mil bridge loan to facilitate the acquisition of 989 Market Street, a 111.5k sf office building located in San ...
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• Basin Street Concludes $17 Mil Sacramento-Area Office Buy
1/06/12
Basin Street Properties closed out 2011 with the acquisition of Stone Point Plaza, a 95.6k sf, three-story Class A office building in Roseville, about 20 miles northeast of Sacramento. The bank-owned property was sold by Belg...
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• Sares Regis Group Breaks Ground on New NoCal Luxury Res Project
1/05/12
Sares Regis Group of Northern California (SRGNC) has broken ground on Township, a new luxury apartment community being developed at 333 Main St in Redwood City. The four-story building will consist of 132 luxury rental units...
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• NoCal Apartment Comps
1/04/12
REDWOOD CITY (San Mateo County) – A 14-unit apartment complex located at 1440 Gordon St, just west of El Camino Real, sold for $2.55 mil ($182.1k/unit). It is composed of 14 large units; one three-bed/two-bath, nine two-bed/o...
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• Trio of Leases Account for Over 100k sf at Silicon Valley R&D/Office Project
1/03/12
Three companies inked new lease transactions totaling roughly 105k sf at Mountain View Research Park in Mountain View. The largest of the three deals was with NeuroPace, which signed a long-term lease for 52.5k sf in the 455-...
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• CapRock Closes on Second NoCal Buy
12/30/11
CapRock Partners acquired 1010 Corporation Way, a 21.5k sf office/R&D property in Palo Alto. The Irvine-based company has already begun renovation work on the property. CapRock has been actively buying industrial properties a...
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• Safeway Relocates into New 64k sf Space within Petaluma Retail Complex
12/27/11
Safeway, the nation’s second largest supermarket chain, has inked a relocation lease within the same retail center in Petaluma, agreeing to take a new 63.5k sf end cap space at Washington Square Shopping Center. The space wa...
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• Pac-12 Enterprises Selects San Francisco Office Space for New HQ
12/23/11
Pac-12 Enterprises, the diversified and integrated content and media company of the Pac-12 Conference, has agreed to an 11-year, multi-floor lease at 370 Third Street in San Francisco’s South of Market District. The new space...
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• Michael Smith Promoted to Head of CBRE’s Western Division
12/22/11
Michael F. Smith has been promoted to President of CBRE’s Western Division. Smith, who has led CBRE's San Francisco Bay area operations since 2002, succeeds Steven Swerdlow, who has been appointed Chief Operating Officer of t...
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• Trimark Fattens Up Res Portfolio with Husky Buy
12/21/11
Trimark Property Group LLC paid $8.39 mil for Husky Court, a 70-unit, two-building complex, and Husky Place, a 39-unit structure, located one block from the University of Washington campus in Seattle’s University District.
H...
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• Sobrato Development Acquires and Will Re-Market Menlo Park Industrial Facility
12/21/11
Sobrato Development acquired a 193k sf industrial/warehouse facility located on 12.1 acres at 151 Commonwealth Dr in Menlo Park from Diageo North America Inc. The price was not disclosed.
Diageo, a global provider of premium...
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• 57-Unit East Bay Assisted Living Facility Sells for $198k/Unit
12/20/11
Tiffany Court, a 57-unit assisted living facility in the East Bay city of Walnut Creek, sold for $11.3 mil ($198.2k/unit) in a recent NoCal investment buy. The 66-unit property is located at 1866 San Miguel Drive in a prime c...
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• Tom Siebel Takes 68k sf at Pacific Shores Research Center to Bring Together Various Business/Philanthropic Groups
12/19/11
Tom Siebel has leased 68.4k sf of Class A office space on the fourth and fifth floors at 1300 Seaport Blvd at the Pacific Shores Center in Redwood City. The space will enable Siebel to bring together a handful of his various ...
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• Highway Partners Obtains $23.5 Mil in Construction Money for Sebastapol Adaptive-Reuse Project
12/16/11
Highway Partners LLC has obtained $23.5 mil in construction financing for The Barlow, a 216k sf adaptive-reuse project in Sebastapol, CA. The loan was arranged by Lucent Capital. It has a two-year initial term with an extensi...
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• Divco West Closes 250k sf Santa Clara Office/R&D Buy
12/12/11
Divco West has purchased a five-building, 251k sf office/R&D portfolio in Santa Clara from RREEF. The low-rise buildings are located at 2400, 2424, 2630 and 2710 Walsh Ave and 2855 Bowers Ave, south of the 101 Fwy and west of...
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• NoCal Retail Deals
12/09/11
SAN FRANCISCO (San Francisco County) -- Creative Entertainment Concepts, LLC dba Lucky Strike Lanes, an upscale bowling alley/lounge, signed a lease for 22.2k sf of space at 200 King St. Located in San Francisco’s SoMa at Kin...
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• Equity Office Wins Three TOBY Awards from Silicon Valley Chapter of BOMA
12/07/11
Equity Office received three awards in multiple categories of The Outstanding Building of the Year (TOBY) Awards for 2011. The awards are administered by the Silicon Valley Chapter of the Building and Office Managers Associat...
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• CallSocket Acquires Historic Oakland Tribune Building
12/06/11
In a notable East Bay sale, CallSocket LP has purchased the historic 85k sf Oakland Tribune building located at 409 13th St, north of Broadway and east of I-880 in Oakland’s City Center. The building was sold out of receiver...
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• South Bay Landlords Raising Rents at Rapid Clip
12/05/11
As property operations in the Bay Area’s South Bay lean in favor of landlords, marketwide rents are expected to appreciate markedly over the remainder of this year and into 2012. Leasing activity continues to swell in step wi...
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