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• Trimark Fattens Up Res Portfolio with Husky Buy
12/21/11
Trimark Property Group LLC paid $8.39 mil for Husky Court, a 70-unit, two-building complex, and Husky Place, a 39-unit structure, located one block from the University of Washington campus in Seattle’s University District.
H...
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• Sobrato Development Acquires and Will Re-Market Menlo Park Industrial Facility
12/21/11
Sobrato Development acquired a 193k sf industrial/warehouse facility located on 12.1 acres at 151 Commonwealth Dr in Menlo Park from Diageo North America Inc. The price was not disclosed.
Diageo, a global provider of premium...
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• 57-Unit East Bay Assisted Living Facility Sells for $198k/Unit
12/20/11
Tiffany Court, a 57-unit assisted living facility in the East Bay city of Walnut Creek, sold for $11.3 mil ($198.2k/unit) in a recent NoCal investment buy. The 66-unit property is located at 1866 San Miguel Drive in a prime c...
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• Tom Siebel Takes 68k sf at Pacific Shores Research Center to Bring Together Various Business/Philanthropic Groups
12/19/11
Tom Siebel has leased 68.4k sf of Class A office space on the fourth and fifth floors at 1300 Seaport Blvd at the Pacific Shores Center in Redwood City. The space will enable Siebel to bring together a handful of his various ...
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• Highway Partners Obtains $23.5 Mil in Construction Money for Sebastapol Adaptive-Reuse Project
12/16/11
Highway Partners LLC has obtained $23.5 mil in construction financing for The Barlow, a 216k sf adaptive-reuse project in Sebastapol, CA. The loan was arranged by Lucent Capital. It has a two-year initial term with an extensi...
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• Divco West Closes 250k sf Santa Clara Office/R&D Buy
12/12/11
Divco West has purchased a five-building, 251k sf office/R&D portfolio in Santa Clara from RREEF. The low-rise buildings are located at 2400, 2424, 2630 and 2710 Walsh Ave and 2855 Bowers Ave, south of the 101 Fwy and west of...
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• NoCal Retail Deals
12/09/11
SAN FRANCISCO (San Francisco County) -- Creative Entertainment Concepts, LLC dba Lucky Strike Lanes, an upscale bowling alley/lounge, signed a lease for 22.2k sf of space at 200 King St. Located in San Francisco’s SoMa at Kin...
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• Equity Office Wins Three TOBY Awards from Silicon Valley Chapter of BOMA
12/07/11
Equity Office received three awards in multiple categories of The Outstanding Building of the Year (TOBY) Awards for 2011. The awards are administered by the Silicon Valley Chapter of the Building and Office Managers Associat...
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• CallSocket Acquires Historic Oakland Tribune Building
12/06/11
In a notable East Bay sale, CallSocket LP has purchased the historic 85k sf Oakland Tribune building located at 409 13th St, north of Broadway and east of I-880 in Oakland’s City Center. The building was sold out of receiver...
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• South Bay Landlords Raising Rents at Rapid Clip
12/05/11
As property operations in the Bay Area’s South Bay lean in favor of landlords, marketwide rents are expected to appreciate markedly over the remainder of this year and into 2012. Leasing activity continues to swell in step wi...
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• Grubb & Ellis Marketing Two Historic Oakland Office Properties
12/01/11
Members of Grubb & Ellis’ Office Group in the Bay Area have been selected to market for sale 2001 Broadway and 274 14th St, two historic office buildings in Oakland totaling 74.2k sf of space.
2001 Broadway was constructe...
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• University of the Pacific Spends $47 Mil on SOMA Office Building
11/23/11
University of the Pacific closed on a big San Francisco office buy, having paid $47 mil for a seven-story, 395k sf ($119/sf) building located at 155 Fifth St. The building was previously leased to Wells Fargo Bank, which vac...
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• Citicorp Renews 122k sf San Francisco HQ Space
11/22/11
In a large San Francisco office deal, global financial services firm Citigroup has agreed to an 11-1/2-year renewal lease for 121.8k sf of space at One Sansome Street, in the city’s Financial District. The space, spread over...
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• New Affordable Housing Project Breaks Ground in Mountain View
11/21/11
Franklin Street Family Apartments, a new affordable income housing development in Mountain View, is set to break ground. The project, being developed by ROEM Corporation, in partnership with the City of Mountain View, was des...
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• Bay Area Activity Update
11/21/11
SAN FRANCISCO (San Francisco County) --Young Broadcasting LLC, looking to operate its KRON-TV station from a new state-of-the-art digital facility, has retained commercial real estate company Grubb & Ellis to find the new ve...
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• New Construction Firm Expects to Level the Playing Field
11/18/11
A new commercial construction company, Level 10 Construction, has just gotten off the ground. Based out of Sunnyvale, the company will focus on delivering high quality construction throughout all of California.
Level 10’s ...
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• County of Marin Purchases 315k sf San Rafael Office Building
11/17/11
The County of Marin has purchased 1600 Los Gamos Drive, a 315k sf office building at Marin Commons in San Rafael owned by CIGNA Real Estate. The County paid $29.5 mil ($94/sf) for the building, which it intends to use for its...
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• $28 Mil in Financing Gives Cornerstone Something to Tweet About
11/16/11
CBRE’s Capital Markets Debt & Equity Finance division has arranged $28 mil in financing for an office building located at 795 Folsom in San Francisco’s South of Market District. 795 Folsom, the current Twitter headquarters, i...
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• DCT Wraps Up $35 Mil Bay Area Industrial Purchase
11/15/11
DCT Industrial Trust closed on a large Bay Area industrial buy, having paid $35 mil for a 255k sf ($137/sf) warehouse facility in Burlingame. The property was purchased through an umbrella partnership real estate investment t...
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• New 120k sf Office Lease Adds Some Zazzle to the Bay Area’s Peninsula Region
11/14/11
Zazzle Inc has agreed to a new lease of 119.7k sf of Class A office space at the Pacific Shores Center in Redwood City. Zazzle, a leading online platform for the sale of custom shirts and gift products, signed a long-term lea...
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