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• Brothers International Holding Corporation Completes $20.5 Mil Refi of San Jose Retail Property
1/30/24
Brothers International Holding Corporation has obtained a $20.5 mil refi loan for Almaden Safeway Center, a 143.5k sf, grocery-anchored retail center located in San Jose.
Almaden Safeway Center is spread across three buildi...
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• The Conservation Fund Acquires 3,650-Acre Cattle Ranch Near San Jose
1/29/24
Richmond Ranch, a 3,654-acre property near San Jose, was purchased by The Conservation Fund (TCF), a nonprofit organization committed to preserving U.S. land and water, for $16 mil. The property is a working cattle ranch with...
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• Broadcom to Sell 13 R&D Buildings Totaling Over 1 msf in Silicon Valley
1/26/24
Broadcom plans to sell the unused portion of its Palo Alto Campus at Stanford Research Park. Situated on 69.5 acres, the unused portion of Broadcom’s Palo Alto Campus at Stanford Research Park features 13 state-of-the-art R&D...
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• Stockbridge Capital Group Sells 1.7 msf Light Industrial Portfolio to Two Buyers
1/25/24
Stockbridge Capital Group has sold a 1.7 msf multimarket light industrial portfolio known as Project RedHawk. The portfolio was sold in four separate transactions to two different buyers between December 2023 and January 2024...
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• Sales Underway at New Bay Area Res Community
1/22/24
Sales have started for a Village Walk, a new NoCal residential community. The project, a collection of 15 new Craftsmen-style townhomes in the Bay Area city of Belmont, was developed by Regis Homes Bay Area LLC, a division of...
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• City of San Francisco Signs 98k sf Industrial Lease
1/17/24
The City of San Francisco recently inked a long-term lease for 98k sf of industrial space in San Francisco. The agency will use the space, located at 2177 Jerold Ave, for the Department of Homelessness and Supportive Housing....
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• City Center Realty Partners Buys Mixed-Use Building in San Francisco’s Marina District
1/11/24
City Center Realty Partners LLC purchased a freestanding, 4.5k sf retail and office property in San Francisco’s Marina District.
Originally built in 1907, the two-story, multi-tenant building is located at 2197 Chestnut St...
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• BKM Capital Partners Completes $31 Mil Industrial Buy in Silicon Valley
1/09/24
BKM Capital Partners has acquired Junction Business Park, a multi-tenant, light industrial property in Silicon Valley’s sought-after Golden Triangle market, for $31 mil. The San Jose property consists of two buildings totali...
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• Broker Survey Predicts San Francisco Office Vacancy Rate to Return to 12% in 2029
1/04/24
Avison Young commercial real estate brokers recently participated in a Broker Sentiment Survey for the Bay Area. The exercise yielded some intriguing insights and predictions regarding various market-related topics including ...
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• Commercial Real Estate Financing Briefs
12/22/23
GANTRY – Tom Dao and Erinn Cooke with Gantry secured a total of $17.6 mil in permanent loans to refinance a pair of Bay Area self-storage facilities. The financings included $9.5 mil for SAF Keep San Ramon and $8.1 mil for SA...
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• Ross Robinson Named Market Leader at Avison Young’s San Francisco Office
12/21/23
Ross Robinson has been named Market Leader of Avison Young’s San Francisco office. Robinson will be responsible for growing Avison Young’s business development and recruitment efforts in the market and will continue to partne...
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• Sierra Pacific Acquires 347k sf Bay Area Office Campus
12/20/23
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
12/19/23
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
12/12/23
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
12/12/23
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
12/07/23
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
12/06/23
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
12/06/23
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
12/01/23
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
11/21/23
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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