| Tishman Speyer Meta Tenant for Its Entire 719k sf Sunnyvale Campus
Meta, the online social media behemoth formerly known as Facebook, has inked a lease for a 719k sf Sunnyvale office campus. We’re told that the agreement represents the largest new private sector office lease executed anywher...
| Investors Pick-Up Adjacent Properties in Cupertino
Two adjacent properties in Cupertino, one office and the other retail, traded hands. Together the properties comprise just over 2.5 acres along De Anza Blvd, next to the Infinite Loop campus of a global tech company.
| Menlo Equities Closes $35 Mil Office Buy in Silicon Valley
An affiliate of Menlo Equities paid $35 mil for a 99.6k sf ($351/sf), Class A office building in San Jose. The building, situated on a 4.86-acre parcel at 300 Holger Way, was sold by KBS Real Estate Investment II.
| Nearon Enterprises and Woodstock Development Buy NoCal Life Sciences Campus
Crossroads Research Center, a four-building life sciences and R&D campus totaling 322.3k sf in Union City, CA, was acquired by a joint venture between Nearon Enterprises and Woodstock Development. The price was not disclosed....
| J&J Properties Spends $64 Mil on HQ Campus in South San Jose
J&J Properties purchased a 160k sf, advanced manufacturing and office campus in South San Jose for $64.3 mil ($402/sf). The property, located at 5300-5350 Hellyer Ave, was sold by Empire Square Group.
CAES (formerly Cobham) ...
| Bay Area Multifamily Property Goes for $658k per Unit
Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.
Originally constructed in 1963, Farm Hill Ma...
| Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
In a San Francisco medical office buy, Rubicon Point Partners purchased 350 Parnassus, a 77k sf building just a block from Golden Gate Park. The firm financed the deal with a $53.7 mil first mortgage loan provided by Mesa Wes...
| Klingbeil Capital Management Makes 137-Unit Multifamily Buy in the East Bay Area
Avery at TownCentre, a 137-unit, two-story apartment community in the East Bay Area city ofBrentwood, was purchased by Columbus, OH-based Klingbeil Capital Management in a deal worth $49.5 mil ($361.3k/unit).
Avery at TownC...
| HCF Development Acquires 170-Unit Berkeley Res Property in $100 Mil Transaction
HCF Development has acquired K Street Flats, a 170-unit multifamily property located in the heart of downtown Berkeley, in a recent transaction valued at about $100 mil, or $588.2k/unit. Built in 2006, the project is located ...
| San Francisco Office Market Expected to Pick Up
This report was provided by Kidder Mathews Director of Research Gary Baragona
Emerging office market fundamentals suggest that recovery is just around the corner for San Francisco’s office market, according to third quarter ...
| Pennant Housing Group Picks Up 91-Unit Affordable Housing Property in Berkeley
Pennant Housing Group has purchased Harriet Tubman Terrace, a 91-unit, Section 8 HAP property in Berkeley. The acquisition was financed with a $32.5 mil Fannie Mae DUS® Multifamily Affordable Housing (MAH) loan arranged by Gr...
| Third Quarter 2021 Silicon Valley Office Sales Hit Their Highest Level in Two Years
This update was provided by real estate services firm Kidder Mathews
Silicon Valley Office CRE Market Update – 3rd Qtr. 2021
• Asking lease rates rose 3.4% year-over-year (YOY) to $4.84/SF full service.
| $300 Mil in Financing Deals Arranged by JLL Capital Markets and George Smith Partners
Here are financing briefs for two deals worth almost $300 mil arranged by JLL Capital Market and George Smith Partners. One of the transactions is for a refi on a Class A office building in San Francisco, while the other is f...
| Portola Valley, CA Office Property Offered for Sale in Rare Listing from the Area
Here’s your chance to take ownership of 28% of the entire Portola Valley, CA office market.That would be with the acquisition of Ladera Professional Center, a 23.4k sf asset situated on 2.66 acres that has just been listed fo...
| Newly Completed Hilton Garden Inn in Fremont Sells for Over $40 Mil
In a recent Bay Area hotel buy, AWH Partners acquired the newly completed, 145-room Hilton Garden Inn in Fremont. The five-story hotel, which includes conference spaces, an extended outdoor area, restaurant and lobby bar, was...
| Dostart Development Company and Sares Regis Group of Northern California Lock in $182 Mil of Construction Money for Burlingame Office Development
Dostart Development Company and Sares Regis Group of Northern California have obtained $182 mil in construction financing for the development of 220 Park in Burlingame. The 184k sf, Class A+ office development represents the ...
| Bay Area Grocery Outlet Property Trades in $6.7 Mil Deal
A 1031 exchange investor out of Los Angeles paid $6.715 mil for a 33.6k sf ($200/sf) retail property in Fairfield, CA. The property, located at 200 Travis Blvd, is fully occupied by Grocery Outlet.
Built in 1977, the propert...
| Sares Regis Group of Northern California and Dostart Development Company Start Work on Bay Area Office/Retail Project
Sares Regis Group of Northern California (SRGNC) and Dostart Development Company (DDC) have broken ground on 185k sf of office and retail space in the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
| Newmark Knight Frank Awarded Leasing Assignment for San Francisco Office Tower
Barker Pacific Group (BPG) and PGIM Real Estate have awarded the leasing assignment for One Sansome Street, a 42-story, LEED Platinum-certified office tower in the heart of San Francisco’s Financial District, to Newmark Knigh...
| JB Matteson Inc Closes Six Multfamily Assets Refis Totaling $132 Mil
JB Matteson Inc has refinanced six CA and WA multifamily properties comprising a total of 965 units in separate transactions totaling $132 mil.
The six permanent loans were arranged by Dennis Williams and Tom Wight of NorthM...