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June 15, 2024
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• Sierra Pacific Acquires 347k sf Bay Area Office Campus
Sierra Pacific purchased Concord Corporate Centre, a two-building, 346.7k sf corporate campus in the East Bay city of Concord. Although the price was not immediately disclosed, other news sources report the deal came in at $2...
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• Brixton Capital Buys 178k sf NoCal Shopping Center
In a recent NoCal retail buy, Brixton Capital acquired Monterey Plaza, a 178.2k sf shopping center in San Jose. The property was sold by a Kimco Realty joint venture with Prudential Global Investment Management for an undiscl...
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• Rani Therapeutics Inks 33k sf Lease Expansion in the Bay Area
Rani Therapeutics LLC, the operating subsidiary of Rani Therapeutics Holdings Inc, has signed a lease expansion for 33.3k sf of manufacturing, R&D and administrative space in Fremont. Rani is a Silicon Valley-based, clinical-...
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• Phase One of NoCal industrial Development Completed
Construction has been completed on the first phase of development at the Fairfield Industrial Center in Northern California. Located at 2725 Low Court in Fairfield, the first phase includes the delivery of a single Class A, 2...
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• Cityview’s Portico Res Development in Oakland Expected to be Completed this Month
Cityview’s 378-unit opportunity zone res project in Oakland is slated for completion in December 2023. The development, named Portico, is an upscale waterfront community located at 37 8th Ave in Brooklyn Basin’s master-planne...
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• Cushman & Wakefield Awarded 2.5 msf Commercial Property Management Assignment for the Presidio of San Francisco National Park Site
The Presidio Trust has awarded Cushman & Wakefield the assignment for commercial property management services for the Presidio of San Francisco, a unique national park site and National Historic Landmark at the base of the Go...
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• Bay Area Multifamily Market Offers Investment Appeal, Despite Current Challenges
This update provided by real estate services firm Institutional Property Advisors. Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has just published a new report: Bay Area Multifamily. H...
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• NoCal Res Development Lands $51 Mil in Construction Take-Out Financing
JLL Capital Markets has arranged $51 mil in construction takeout financing for Mossdale Landing Apartments, a recently completed, Class A, 204-unit, garden-style apartment community located in Lathrop, CA. Completed in summe...
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• Bridge Logistics Properties Picks Up 84k sf East Bay Logistics Facility
Bridge Logistics Properties recently acquired an 84.5k sf warehouse property in the East Bay city of Newark. The property is located at 37580 Filbert St, west of I-880, roughly midway between San Jose and Oakland. The proper...
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• Bayhill Ventures Announces Plans for 672-Unit Res Project in Downtown San Francisco
In news of a planned residential development for downtown San Francisco, Bayhill Ventures has submitted entitlement approvals for 530 Howard Street, a 672-unit, for-lease residential development in the city’s Transit Center D...
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• Sonoma County Hotel Project to Move Forward Thanks to $62 Mil in C-PACE Funding
GreenRock Capital and Petros PACE Finance have secured $62.6 mil in Commercial Property Assessed Clean Energy (C-PACE) financing for the construction of the Appellation Healdsburg hotel project in Healdsburg, CA. The project ...
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• Luxury Amenity Space Slated to Open September 2024 at San Francisco Office Tower
The Cove, a luxury amenity space that boasts premium hospitality services for tenants and members alike, is slated to open in September 2024 on the 7th floor at 525 Market Street in San Francisco. The Cove will be a fully-sta...
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• Bay Area El Pollo Loco Goes for $1,269/sf
A 2.6k sf, single-tenant retail building that is triple-net-leased to El Pollo Loco in the Bay Area sold for $3.3 mil ($1,269/sf). The property is located at 910 Andersen Dr in San Rafael. The property includes a rare Marin ...
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• Silicon Valley Res Project is Nearing Completion with Pre-Leasing Underway
Pre-leasing is underway at Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community under construction in Morgan Hill. The project, being developed by a joint venture of MBK Rental Living and Haseko Co...
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• New 222-Unit Res Development in Livermore Opens to the Public
Legacy at Livermore, a new 222-residence mixed-use community developed by Legacy Partners in the NoCal city of Livermore, has opened to the public. Designed by BDE Architects of San Francisco, the community is located at 57 S...
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• McCarthy Building Companies and Ellis Partners are Latest Firms to Sign at One Sansome Office Tower in San Francisco
In recent leasing activity at One Sansome, the soaring 42-story office tower in the heart of San Francisco’s Financial District, McCarthy Building Companies inked a lease for 15.1k sf of space on the building’s 19th floor. Mc...
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• Bacchus Management Group to Open New Restaurant at 220 Park Project Nearing Completion in Downtown Burlingame
Bacchus Management Group has signed a lease to transform the restored 1940s-era Burlingame Post Office into an iconic restaurant space at the base of the six-story 220 Park development. The project, a development of Dostart D...
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• Freedom West Homes Corporation Secures $27 Mil in Funding Commitments for Housing for People of Color in San Francisco
Freedom West Homes Corporation, a nonprofit limited equity housing co-operative in the Fillmore District of San Francisco, has secured $27 mil in funding commitments to-date to catalyze its revitalization providing low-income...
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• Torani Inks Lease for New 202k sf Warehouse Development in San Leandro
Torani has signed a pre-lease agreement for a new 202k sf warehouse development in San Leandro. The company, a leader in the flavor industry since 1925, will relocate their warehouse and distribution operations from their cur...
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• Tidewater Capital Investment Fund Exceeds Initial Target of $200 Mil
San Francisco-based Tidewater Capital has exceeded its initial target of $200 mil in equity commitments for its third discretionary fund (“TC Fund III”) with a diverse pool of limited partners, including university endowments...
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