| Bay Area Office Building Lands $11.3 Mil Refi
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...
| Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers
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...
| BH Properties Buys 60-Acre Holy Names University Campus in Oakland
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 ...
| The Conservatory Now Re-Opened at One Sansome in San Francisco
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...
| NXP Inks Lease for 40k sf in North San Jose
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 ...
| San Francisco Office Building Lands $8 Mil in Financing
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...
| Modesto Multifamily Property Trades in $25 Mil Deal
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...
| Santa Clara Biz Park Gets New Owner
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.
| IDEAYA Biosciences Leases 44k sf in South San Francisco
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...
| East Bay Industrial Park Secures $19.4 Mil Refi
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...
| Madison Capital Group Acquires East Bay R&D Campus in $260 Mil Deal
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...
| Redevelopment of Burlingame’s Historic Post Office Property Well Underway
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...
| Ohana Real Estate Acquires the Claremont Hotel & Spa in $163 Mil Transaction
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...
| Bay Area Life Science Development Pipeline Normalizes
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) ...
| Four Multifamily Properties Trade in Deals Totaling Over $7 Mil
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...
| Premier Workspaces Opens New Location in Concord
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...
| San Jose Apartment Property Goes for $252k/Unit
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...
| Escapology Escape Room Commits to Trio of CA Locations
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 ...
| Prologis Picks Up Industrial Facility in the East Bay
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...
| Fully Leased R&D Facility in Sunnyvale Hits the Market
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...