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• Retail Property in San Francisco Trades in $9.3 Mil Deal
5/06/24
Pacific Capital paid $9.35 mil for 2145 Market St, a 29.8k sf ($314/sf), trophy retail asset in San Francisco. The property was sold by a private family trust.
2145 Market is 100% leased to investment-grade tenant Walgreens...
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• Trammell Crow Company and CBRE Investment Management Finish Work on 500k sf Bay Area Biz Park
5/03/24
Trammell Crow Company and CBRE Investment Management have completed construction on Cochrane Technology Center (CTC), a 500k sf, Class A business park in the Bay Area city of Morgan Hill. The development is currently the larg...
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• Mission Rock Partners Development Team Completes Five-Acre Park in San Francisco’s China Basin Neighborhood
4/29/24
China Basin Park, a new central gathering place and regional destination in San Francisco’s Mission Rock neighborhood, has been completed and is now open to the public. The Mission Rock Partners development team is a collabor...
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• Figma Renews Lease for 98k sf of Office Space in San Francisco
4/29/24
Figma, a product design and development platform, has signed a 97.6k sf lease renewal at 760 Market Street in San Francisco. The building is owned by Phelan Building LLC.
760 Market offers high-end installations, natural lig...
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• Bay Area Res Community Gets Recapitalized in Deal that Values the Asset at $45 Mil
4/25/24
Interstate Equities Corporation (IEC) has recapitalized The Gates at Marina, a 136-unit multifamily garden-style community in Marina, CA. The deal gives a co-mingled fund advised by New York-based Clarion Partners a majority ...
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• Work Wrapping Up on New 254-Unit Res Tower in San Francisco’s Mission Rock Neighborhood
4/25/24
Verde, a new 254-unit multifamily development in San Francisco’s Mission Rock neighborhood, has been completed and has now begun leasing. Located at 1070 Bridgeview Way, south of Oracle Park and just steps away from China Bas...
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• MBK Rental Living Wraps Up Work on New 389-Unit Res Community in Silicon Valley
4/24/24
Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community in the Silicon Valley city of Morgan Hill, has been completed and is now leasing. The project, a development of MBK Rental Living, consists of o...
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• New York Life Real Estate Investors and Bridgeton Pay $282/sf for San Francisco Office Asset
4/18/24
A venture between New York Life Real Estate Investors (“NYLREI”) and Bridgeton has acquired 410 Townsend Street, a four-story, 78k sf office building in San Francisco’s south of market (SOMA) submarket, in a transaction price...
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• Multifamily Community in the East Bay Area Traded Between Private Investors in $9 Mil Deal
4/15/24
California Villas, a 35-unit multifamily community in the East Bay Area city of Concord, traded hands for $9.15 mil ($261.4k/unit). A private buyer purchased the asset from a local private investor.
Located at 1621 Detroit A...
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• Commercial Real Estate Financing Briefs
4/09/24
GANTRY - Tony Kaufmann and Joe Foley with Gantry have arranged non-cross collateralized permanent loans totaling $30 mil for one sponsor to refinance two adjacent, Tempe, AZ industrial properties encompassing 298.3k sf of spa...
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• James Escarzega Joins JLL’s Hotels & Hospitality Group
4/09/24
James Escarzega has joined JLL’s Hotels & Hospitality group as a Managing Director in its San Francisco office. Escarzega will collaborate closely with John Strauss, who leads JLL’s west coast hotel efforts, and Charles Halla...
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• New Petaluma Res Project Slated to Open Summer 2024
4/03/24
The Haven at Deer Creek, a new, Class A 134-unit residential development in Petaluma, is slated to open in summer 2024 and has already begun pre-leasing. The solar-powered project, a development of MBK Rental Living, features...
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• Urban Catalyst Lands $10.5 Mil in Financing for San Jose Mixed-Use Development
3/27/24
Urban Catalyst has obtained $10.5 mil in financing to recapitalize the land site and pre-construction costs for Icon/Echo, a mixed-use redevelopment project the company has planned for Downtown San Jose. The approximately 2.1...
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• Intermolecular Inks Long-Term Extension for 146k sf R&D Building in North San Jose
3/26/24
Intermolecular has signed a long-term lease extension for a 146.2k sf R&D building in North San Jose. The company has occupied the property, located at 3011 N First St, for well over a decade.
Intermolecular is an affiliate...
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• Commercial Real Estate Financing Briefs
3/25/24
CBRE -- CBRE's Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek arranged a $43 mil refi loan on El Paseo Shopping Center, a 300k sf retail center in South Gate. The five-year, full-term...
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• Palmetto SuperFoods Inks Lease at New Building in San Francisco’s SouthPark Neighborhood
3/21/24
Palmetto Superfoods, a fast-healthy concept bridging Brazilian açaí and California vegan-focused superfoods, signed a five-year lease for 1k sf of space at 531 Bryant St in San Francisco’s South Park SoMa neighborhood. The tr...
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• Cityview Finishes Work on 378-Unit Res Project in Oakland’s Master-Planned Brooklyn Basin Area
3/20/24
Cityview has completed work on Portico – a 378-unit multifamily project in Oakland. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
Po...
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• BOMA San Francisco Awards 2024 Building of the Year to 23-Story 301 Howard Street
3/18/24
A 319k sf, 23-story Class A office tower at 301 Howard Street in San Francisco’s South Financial District has been awarded the 2024 The Outstanding Building of the Year (TOBY®) by the San Francisco chapter of the Building and...
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• NoCal SIOR Hosts Member Networking Event at Ferry Building
3/11/24
The Northern California chapter of the Society of Industrial and Office Realtors® (SIOR) held its annual kick-off meeting at the Ferry Building last month. Panelists included Travis Durfee, senior vice president, head of oper...
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• Sutter Health Entity Buys NoCal Cold Storage Facility
3/11/24
A 49.8k sf warehouse and cold storage facility in Hercules, CA was acquired by a Sutter Health entity. The property, located at 200 Linus Pauling Dr, roughly 20 miles north of Oakland, features 7.7k sf of office space, six do...
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