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Hunter Closes Two More Restaurants at Its @First Project 2/04/11 Hunter Storm Properties inked two new restaurant lease transactions at their @First mixed-use project in North San Jose. In these latest deals, Chick-fil-A and Panera Bread took space at the recent development.
Chick-fil-A p...
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Silicon Valley Office Market on the Mend 2/03/11 An overview of the Silicon Valley office market for 2010 shows solid leasing volume and declining vacancy throughout the year, according to the Silicon Valley Studley Report, which provides an analysis of office market condit...
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Redlands Multifamily Community Sells for Over $11.5 Mil 2/02/11 Sequoia Equities, a Walnut Creek-based real estate investment firm, has purchased Cypress Villas, an 82-unit multifamily property in the Inland Empire city of Redlands, for $11.625 mil, or about $142k/unit. The deal came in a...
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Matteson Pays $20 Mil for 90k sf Santa Clara Office Building 2/02/11 The Matteson Companies (“Matteson”) acquired a 90.1k sf office building located in the highly sought-after “Golden Triangle” of Constructed in 1980 and remodeled in 2007, the one-story building received over $5 mil in interio...
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Reed Payne Joins Kidder Matthews as Executive VP 2/01/11 In a notable NoCal pro move, long-time Bay Area commercial real estate broker and former CB Richard Ellis (CBRE) Senior Vice President, Reed Payne, joined Kidder Mathews as Executive Vice President, where he’ll manage the com...
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CA State Auto Assoc Acquires 255k sf NoCal HQ Building in Major Office Sale 1/31/11 The California State Automobile Association(CSAA) has acquired Station Landing, the organization’s 255k sf office HQ building in Northern California. Located at 3055 Oak Rd, within the Contra Costa Transit Village in Walnut C...
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Appian Capital/Presidio Development Partners Venture Acquires NoCal Biz Park 1/27/11 Appian Capital, a real estate equity firm, and Presidio Development Partners LLC, a San Francisco-based real estate investor and developer, recently entered into a joint venture to acquire Parkpoint Business Center, a NoCal R...
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Napa Mini-Storage Trades for $115/sf 1/26/11 A 52.9k sf All American mini-storage facility in Napa sold for $6.45 mil ($115/sf). Constructed in 1987, the property is situated on 12.62 acres of land at 1111 Soscol Ferry Rd. Roughly 5.5 acres of the site is vacant and off...
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Strada Investment Group Picks Up 132k sf Berkeley Office Property 1/25/11 Strada Investment Group recently acquired Berkeley Crossing, a Class A office building in located at 1608 4th St in Berkeley, for $15 mil, or roughly $114/sf. Strada Investment purchased the note, originally valued at $28 mi...
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San Francisco Office Leasing Activity Falls in 4th Qtr 2010 1/25/11 San Francisco’s office market saw leasing activity in the final quarter of 2010 fall to 1.3 msf, just two-thirds of the market’s historic quarterly average of 1.9 msf, according to the fourth quarter 2010 San Francisco Studle...
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Colliers International Acquires Johnson Hoke 1/20/11 Colliers International has acquired Johnson Hoke, a leading urban specialty and lifestyle center/retail brokerage firm in San Francisco. The merger enables Johnson Hoke to become part of one of the world’s largest real estate...
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Westcore Properties and Angelo Gordon & Co Touch Down at Napa Airport Centre 1/18/11 In a notable NoCal biz park acquisition, a venture of Westcore Properties and Angelo Gordon & Co has purchased Napa Airport Centre, an eight-building, 256,7k sf industrial park on nearly 17 acres in Napa. The property is loca...
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Finishing Company Starts Development at Redding Biz Camp 1/13/11 The City of Redding and Southern Aluminum Finishing Company (SAF) have completed a $1.86 mil purchase and sale agreement that paves the way for the Atlanta-based company to become the first firm to locate at the City’s newly ...
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New Urban Properties Spends Over $10 Mil on Two San Francisco Office Buildings 1/10/11 Two neighboring office buildings totaling 52.8k sf of space in San Francisco were purchased by New Urban Properties LLC for $10.625 mil ($201/sf). David Klein and Jennifer Essner with Cassidy Turley BT Commercial’s San Franci...
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NoCal Multifamily Sales Comps 1/07/11 MOUNTAIN VIEW (Santa Clara County) -- Villa Patio Apartments, a 16 unit Apartment property located at 1734 Villa St, sold for $2.35 mil ($147k/unit). Villa Patio Apartments is located at 1734 Villa Street. This well-maintai...
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Bay Area Deal Review 1/06/11 DALY CITY (San Mateo County) -- San Diego-based Pacifica Companies purchased 2665 Geneva Ave, a brand new condo project consisting of 72 residential units plus 11.5k sf of commercial retail space and 129 parking spaces in an ...
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NoCal Financing Briefs 12/30/10 Newmark Realty Capital arranged $7.482 mil in acquisition financing on a freestanding Chavez Markets Grocery Store located in the newly constructed Umbarger Square Shopping Center in San Jose. Chavez Markets is a family-owned...
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NoCal Deal Briefs 12/28/10 FREMONT (Alameda County) -- Bruker Corporation leased 36.1k sf of office space at 3500 W. Warren Ave in the Bayside Business Park. Bruker, an analytical instrumentation company, is relocating and expanding from its previous ...
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Tishman Speyer Reacquires Full Ownership of NoCal Office Complex 12/22/10 Tishman Speyer has acquired full ownership of the Sunnyvale Office Park, a 424.8k sf office complex in Sunnyvale. Terms of the deal were not disclosed.
The office park consists of three four-story, Class A office buildings...
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San Jose Apartment Fundamentals to Strengthen into 2011 12/20/10 San Jose apartment owners are expected to raise rents through the remainder of the year as local employers restaff and homeownership stays out of reach of more than half of metro residents. That’s the outlook from national re...
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