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Bay Area Office Building Lands $11.3 Mil Refi 6/21/23 In a recent Bay Area office financing deal, a six-story, 83.6k sf multitenant tower in Berkeley was refinanced with a new permanent loan for $11.3 mil. The building, originally built in the 1960s, is currently home to more th...
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Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers 6/21/23 Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
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BH Properties Buys 60-Acre Holy Names University Campus in Oakland 6/20/23 BH Properties has purchased the 60-acre campus of Holy Names University in Oakland for $65 mil. The recently vacated campus consists of 15 buildings that include a performing arts center, chapel, library, gym, classrooms and ...
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The Conservatory Now Re-Opened at One Sansome in San Francisco 6/19/23 The Conservatory, a historical architectural gem at One Sansome in downtown San Francisco, is now re-imagined and re-opened for public use. Since Barker Pacific Group took ownership of One Sansome, a soaring 42-story tower in...
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NXP Inks Lease for 40k sf in North San Jose 6/19/23 Global semiconductor company NXP signed a long-term lease for 40k sf at its five-building Rose Orchard campus on Rose Orchard Way in North San Jose. Eindhoven, Netherlands-based NXP’s U.S. division, currently operates at ten ...
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San Francisco Office Building Lands $8 Mil in Financing 6/15/23 A private investor has obtained $8.2 mil for a brick and timber office building located at 499 Jackson St in the heart of San Francisco’s Jackson Square Historic District. The 18k sf, five-story building with basement feature...
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Modesto Multifamily Property Trades in $25 Mil Deal 6/15/23 Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
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Santa Clara Biz Park Gets New Owner 6/13/23 San Tomas Business Centre, a 79.4k sf, business park in Santa Clara, changed hands. The office and light industrial/warehousing property, located at 2060-2101, 2110, 2116 and 2118 Walsh Ave, is comprised of nine buildings.
S...
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IDEAYA Biosciences Leases 44k sf in South San Francisco 6/08/23 IDEAYA Biosciences, a clinical-stage precision medicine oncology company, inked a long-term lease for 44k sf of space at 5000 Shoreline Court. Owned by DivcoWest, 5000 Shoreline Court is a 140k sf, Class A building on the bay...
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East Bay Industrial Park Secures $19.4 Mil Refi 6/06/23 Central Avenue Center, a five-building, 150k sf multi-tenant industrial park in the East Bay city of Richmond, was refinanced with a $19.4 mil permanent loan. It was used to take out a maturing CMBS loan.
The park serves a d...
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Madison Capital Group Acquires East Bay R&D Campus in $260 Mil Deal 6/05/23 Madison Capital Group purchased a 575.8k sf R&D property in the East Bay city of Fremont in a deal reported to be worth $260 mil. The asset, previously used as a manufacturing plant by Solyndra, was sold by Seagate Technology...
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Redevelopment of Burlingame’s Historic Post Office Property Well Underway 5/31/23 Construction of the new 220 Park development in downtown Burlingame is nearing completion. The project returns and integrates the historic Burlingame Post Office building to its original location.
The 1,010-ton 1940s-era B...
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Ohana Real Estate Acquires the Claremont Hotel & Spa in $163 Mil Transaction 5/23/23 Redwood city-based Ohana Real Estate acquired the Claremont Hotel & Spa, a 276-room hotel property in Claremont, in a deal worth $163 mil ($591k/room). The asset is managed by Fairmont Hotels.
The property was sold by Toront...
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Bay Area Life Science Development Pipeline Normalizes 5/19/23 This report provided by real estate services firm JLL
Life sciences under development inventory in the Bay Area normalizes after a period of hypergrowth
• The development inventory of life science (laboratory with office) ...
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Four Multifamily Properties Trade in Deals Totaling Over $7 Mil 5/19/23 Here’s a quick look at four multifamily transactions totaling $7.215 mil in San Jose that closed during March 2023. The properties have a combined 22 units. The closed transactions consist of:
• 2785 Almaden Road – a five-u...
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Premier Workspaces Opens New Location in Concord 5/17/23 Coworking operator Premier Workspaces has opened a new location at Sutter Square, a nine-story, 180k sf office building in the Bay Area city of Concord. Located at 1800 Sutter Square, the new center will boost Premier’s North...
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San Jose Apartment Property Goes for $252k/Unit 5/15/23 Ranchero Palms, a 61-unit multifamily community in San Jose, traded hands for $15.38 mil, or $252k/unit. The property is located at 1175 Ranchero Way, west of San Tomas Expwy and south of I-280.
Ranchero Palms has 45 one-bed...
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Escapology Escape Room Commits to Trio of CA Locations 5/15/23 Escapology Escape Room inked deal for three retail new locations throughout California as part of the brand’s nationwide expansion. Escapology, a fast-growing growing escape room franchise, offers dynamic 60-minute immersive ...
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Prologis Picks Up Industrial Facility in the East Bay 5/11/23 Prologis acquired a 21.4k sf, cross-dock warehouse on 5.31 acres in Hayward from an undisclosed seller to Prologis. Located at 651 Sandoval Way, the property has a remodeled office building, truck service maintenance building...
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Fully Leased R&D Facility in Sunnyvale Hits the Market 5/08/23 GI Partners has put on the market a 75.4k sf, mission-critical, fully leased R&D facility in Sunnyvale. The property, most recently renovated in 2015, is located at 825 Stewart Dr.
The building is 100% leased to an American...
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