|
• Pacific West Communities Buys Santa Cruz County Development Site
10/04/24
Pacific West Communities Inc has acquired a 2.58-acre undeveloped site at 41st Ave and Soquel Dr in Soquel, CA for $10.35 mil. Pacific West, with development partner Linc Housing, plans to construct a new 289-unit residential...
|
• Silicon Valley Office Market Looking for Signs of Recovery
10/03/24
This report provided by real estate services firm Kidder Mathews
Market Highlights
• The availability rate rose YOY to 21.6%.
• Asking lease rates decreased YOY to $3.94/sf FS.
• Sale volume grew to YOY 872.3k sf.
• Total ...
|
• San Francisco’s Phoenix Hotel Acquired by Michel Suas of the San Francisco Baking Institute in $9 Mil Deal
9/26/24
The Phoenix Hotel, a 44-room hotel property in San Francisco’s Tenderloin district, traded in a $9.1 mil transaction from about a month or so ago. The asset, located on a 38k sf lot at 601 Eddy St, was acquired by Michel Suas...
|
• SC Properties Closes on $37.5 Mil Bay Area Office Buy
9/24/24
San Mateo-based SC Properties has acquired San Mateo Gateway Center, a 235k sf, Class A office campus in San Mateo. The property was sold by Kennedy Wilson in a deal that industry sources say came in at $37.5 mil, or about $1...
|
• BKM Capital Partners Wraps Up $110 Mil Recapitalization of Light Industrial Portfolio
9/19/24
BKM Capital Partners has executed a $110 mil recapitalization of a five-property, light industrial portfolio. The transaction also marks an expansion of BKM’s partnership with a global investment manager, bringing the joint v...
|
• Silicon Valley R&D/Office Building Sold for $169/sf
9/18/24
A 64k sf R&D/office building in San Jose traded hands in a $10.8 mil ($169/sf) transaction. The property was sold by The RMR Group.
The single-story building sits on 4.27 acres at 3939 N. First Street. It features modernized...
|
• JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
JRK Property Holdings has acquired two Class A multifamily communities in Minneapolis and San Francisco in separate transactions totaling nearly $100 mil. JRK made the purchases through its JRK Platform 5 Fund.
JRK Platform ...
|
• Milan Capital Management Acquires San Jose Power Center in $95 Mil Buy
9/11/24
In a significant retail acquisition in Silicon Valley, Milan Capital Management has purchased The Plant, a 367.9k sf regional power center in San Jose, in a transaction valued at $95 mil. Milan made the purchase in a joint ve...
|
• T&T Supermarket to Open First CA Store in San Jose
9/05/24
T&T Supermarket Inc is opening their first store in California, at Westgate Center in San Jose. The new 55k sf store, located at 1600 Saratoga Ave, is set to open in fall 2025.
Bay Area residents will recognize its location...
|
• San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
In a recent NoCal multifamily trade, an entity affiliated with The Spieker Companies has acquired the San Mateo Hills apartment portfolio, a 200-unit collection of five properties located in San Mateo. The portfolio sold for ...
|
• Pac West Equities Acquires 267k sf of Industrial Assets in the Bay Area
8/28/24
Two industrial assets in the Bay Area totaling 266.7k sf of space were acquired for $44.5 mil ($167/sf) by Pac West Equities, an affiliate of Buzz Oates. The warehouse properties, located at 75 and 89 South Kelly Rd in Ameri...
|
• Beckman Coulter Extends Lease for 60k sf in San Jose
8/23/24
Beckman Coulter Inc, a developer and manufacturer of biomedical testing products, has inked an extension on its lease for 60k sf or space in San Jose. The company is located at 170 Rose Orchard Way, within the five-building, ...
|
• Berkeley Student Housing Project Lands $30 Mil in Construction Money
8/19/24
Panoramic Interests has secured $30 mil in construction financing for The Northside, a 73-unit student housing project at 1752 Shattuck in Berkeley.
The Northside, now under construction, is situated in the city’s desirable...
|
• Bay Area Warehouse Trades in $35 Mil Transaction
8/16/24
In a quick brief on a Bay Area industrial trade, TPM Davis LLC acquired a Hayward warehouse asset in a $35 mil deal. The 132k sf ($265/sf) property includes 1.4k sf of office space.
The property sits on roughly five acres at...
|
• Unique Mixed-Use Property in Desirable San Francisco Neighborhood Hits the Market
8/16/24
We’ve learned of an interesting investment opportunity that’s come up in San Francisco’s Duboce Triangle neighborhood. The listing is for a 19k sf, architecturally unique mixed-use building originally built in 1919.
Currentl...
|
• Sutter Health’s Palo Alto Medical Foundation Leases 64k sf of Space in Pleasanton
8/15/24
Sutter Health’s Palo Alto Medical Foundation recently inked a lease for 64.2k sf of space at Hacienda Research Center, a single-story R&D/office building located at 4480 Willow Rd in Pleasanton. Terms of the deal were not dis...
|
• Klein Investments Family Limited Partnership Closes $81 Mil Purchase of State-of-the-Art Building in San Jose
8/15/24
Klein Investments Family Limited Partnership has acquired Silicon Valley Innovation Hub, a 146.2k sf, state-of-the-art building in San Jose that is fully leased to Merck KGaA, Darmstadt, Germany. The property was sold by a jo...
|
• Former San Leandro Retail Center Lands $33 Mil Refi after Transitioning to Power Center/R&D Campus
8/07/24
B3 & Gaw have obtained a $33 mil bridge loan to refinance the old Bayfair Mall in San Leandro, which is successfully transitioning into a mixed-use retail power center and emerging R&D campus.
Encompassing over 715k sf of re...
|
• Windy Hill Ventures Secures $105 Mil in Take-Out Financing on New Bay Area Res Development
7/30/24
Windy Hill Property Ventures has obtained $105 mil in construction takeout refinancing for Artisan Crossing, a newly developed, 250-unit multifamily community in the Bay Area city of Belmont. The loan was provided by Varde Pa...
|
• San Francisco Officer Tower Sees Four Lease Signings Totaling 79k sf
7/25/24
There have been four recent lease signings totaling 79k sf of space at 650 California Street, an architecturally distinct 33-story office tower in San Francisco’s North Financial District. The high-rise is owned by Columbia P...
|
Return to the Northern California - Bay Area area
