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• Berk Properties Pays $11.6 Mil for Cannon’s Hotel Development Site in Dana Point
12/14/22
Newport Beach-based Berk Properties LLC acquired the fee simple interest in the Cannon’s Hotel Development Site in Dana Point for $11.6 mil. The former home of Cannon’s Restaurant, the site is fully entitled and has received ...
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• Monterey Office Property to be Converted into Workforce Housing
12/13/22
A suburban office property in Monterey, CA will be converted into workforce, multifamily housing as an adaptive reuse project. The property, covering 7.23 acres at 2300 Garden Rd, will be redeveloped to provide 64 one- and tw...
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• Alta Housing Opens New Affordable Housing Project in Palo Alto
12/13/22
Wilton Court Apartments, a new res development by Alta Housing in Silicon Valley, has been completed and is now open to the public. Located at 3705 El Camino Real in Palo Alto, Wilton Court Apartments is Alta Housing’s first...
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• Lansum International Inks Sublease for 155k sf Oakland Warehouse
12/09/22
Lansum International has subleased a 155k sf industrial warehouse facility in Oakland. The property, located at 8380 Pardee Dr, between Doolittle Dr and I-880, is owned by Westcore, who purchased the building in 2020 for $40....
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• Investor Group Secures $30 Mil to Buy Out San Jose Mobile Home Park
12/01/22
An investment partnership has obtained $30 mil to buy out a 315-unit mobile home park in San Jose. The all-ages community offers three laundry rooms, a clubhouse, heated pools, billiards room, a private conference room, and a...
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• Unique Asset in San Francisco’s Financial District Listed for $5.8 Mil
11/21/22
Here’s news of a unique property in San Francisco’s Financial District that’s been put on the market. Located at 415 Sansome St, the 10.3k sf building sits on a 5k sf lot and is fully leased to a restaurant/bar and a medical ...
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• Convene Leases 65k sf in San Francisco
11/18/22
Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces, inked a lease for 65k sf of retail space on the fourth and fifth floors at the newly redeveloped 100 Stockto...
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• Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
11/18/22
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
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• San Jose Biz Campus Acquired for $94.65 Mil in Off-Market Exchange Deal
11/16/22
Montague Crossing, a three-building, 209.4k sf biz campus in San Jose, was purchased for $94.65 mil ($452/sf) by JJ&W in an off-market 1031-exchange. The property was sold by Four Corners Properties and Rockwood Capital.
Mo...
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• San Jose Res Community Traded in $185 Mil Transaction
11/16/22
Centerra Apartments, a 347-unit res community in San Jose, sold in a recent deal said to be worth around $185 mil. The buyer was an investment entity led by 3D Investments, out of Beverly Hills.
The property is located at is...
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• Trammell Crow Company and CBRE Investment Management Start Work on 500k sf Spec Silicon Valley Industrial Project
11/10/22
Trammell Crow Company (TCC), in a joint venture with CBRE Investment Management, has broken ground on the Cochrane Technology Center, a 500k sf, Class A business park in Morgan Hill, CA. The single-phase project is the larges...
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• Bay Area Life Sciences Portfolio Lands $213 Mil Refi
11/09/22
A five-building, 326k sf life sciences portfolio in the Bay Area Peninsula cities of South San Francisco and San Carlos has been refinanced in a $213.4 mil transaction. The assets are owned by an affiliate of GI Partners.
Th...
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• Drawbridge Realty Closes $193 Mil Silicon Valley Office Buy
11/08/22
Drawbridge Realty recently closed on a notable Silicon Valley office buy, paying around $193 mil for 200 S. Mathilda Ave, a five-story, 157k sf ($1,229/sf) Class A office/engineering building and parking structure in downtown...
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• German Investment Fund Pays Over $1,100/sf for Trophy Silicon Valley Office Building
11/07/22
In a recent Silicon Valley office buy, Union Investment has acquired The Catalyst, a 195k sf trophy office building in Sunnyvale, for $222 mil ($1,138/sf). Union Investment, based out of Germany, made the acquisition through...
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• San Francisco Office Market Still Struggling to Gain Traction
11/04/22
San Francisco Office Market - 3rd Quarter 2022 Review
This report provided by real estate services form Kidder Mathews
Market Drivers
After another consecutive quarter of negative net absorption, the San Francisco Office m...
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• New Workplace Housing Development in San Francisco Opens Its Doors
10/24/22
TL Residences, a new studio apartment community in San Francisco’s vibrant Tenderloin neighborhood, has been completed and will open its doors to residents in November. The mid-rise project, a development of Forge Development...
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• San Jose Single-Tenant Industrial Property Purchased by Exchange Investor
10/21/22
A CA-based 1031 exchange investor acquired a 28.9k sf, single-tenant industrial property in San Jose. The building is located at 1137 Olinder Ct, just south of the confluence of the 101 Fwy and I-680.
Built in 1994 and situa...
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• San Leandro Res Project Lands $69 Mil in Construction Money
10/21/22
Centro Callan, a brand-new, luxury mixed-use apartment project slated for development in San Leandro, is set to move forward after landing $69 mil in construction financing. The project is being developed by The Martin Group,...
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• Salinas Apartment Property Trades for $9.25 Mil
10/13/22
Plaza Grande, a 92-unit multifamily community in Salinas, CA, was acquired by a Los Angeles County-based private investor for $9.25 mil, or $100.5k/unit. The asset was sold by a Monterey-based real estate entity that original...
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• Moxion Power Leases 130k sf at Ford Point in Richmond
10/06/22
Moxion Power, a Y Combinator-backed, vertically integrated manufacturer of mobile energy storage systems, has inked a lease for 130k sf of space at Ford Point, a historic 478.8k sf Advanced Manufacturing and R&D industrial wa...
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