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• DivcoWest Closes Another Bay Area Office Buy
3/12/12
DivcoWest has acquired Caribbean Corporate Center, a portfolio of four, 100% leased office/R&D buildings in Sunnyvale. The 261k sf, institutional-grade office complex is located at 1310–1327 Chesapeake Terrace in Silicon Val...
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• Hunter Storm/PCCP Venture Acquires 30-Acre San Jose Infill Site
3/07/12
Hunter Storm Properties and PCCP LLC have formed a joint venture to acquire a 30-acre infill land parcel located at Cottle Rd and Hwy 85 in San Jose. At closing, the joint venture sold off five acres of the land which is enti...
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• Year-End NoCal Activity Review
3/06/12
OAKLAND (Alameda County) -- RREEF Real Estate will rename and rebrand 475 14th Street as 475 City Center. Charlie Allen and Anthony Shell of Cushman & Wakefield’s Oakland office, the building’s new leasing team, will oversee...
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• Another Year of Uneven Recovery Seen for East Bay Retail Market
3/05/12
East Bay retail operations will vary dramatically by location this year. Shopping centers in densely populated parts of Central/North Alameda, and more affluent communities along the I-680 corridor in Central Contra Costa, wi...
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• Kilroy Closes $162 Mil Bay Area Acquisition
3/02/12
Kilroy Realty Corporation just closed on a large Bay Area investment buy, having purchased Menlo Corporate Center, a seven-building, 374k sf campus in Menlo Park, for $162.2 mil ($434/sf). The biz park, located in the heart ...
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• Macys.com Leases 243k sf of SOMA Office Space
3/02/12
In the second big lease announcement in as many weeks at 680 Folsom St in San Francisco’s SOMA District, Macys.com agreed to a 15-year deal for 242.6k sf at the Class A office building, owned by a joint venture between TMG Pa...
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• Solyndra’s 450k sf Bay Area Corp HQ Facility Hits the Market
3/01/12
Solyndra LLC is marketing its 450k sf corp HQ and primary production facility at 47488 Kato Rd in Fremont for sale. The solar panel manufacturer's big real estate listing has been approved by the Bankruptcy Court overseeing S...
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• County of Marin Purchases 315k sf Facility for New Emergency Operations Center
2/28/12
The County of Marin acquired a 315k sf facility located at 1600 Los Gamos Dr in the northern Bay Area city of San Rafael The property, known as the Marin Commons Building, will house the County’s mission critical Emergency Op...
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• Los Gatos Multifamily Asset Purchased for $11.3 Mil
2/24/12
Lamar Apartments, a 48-unit, 103.2k sf garden-style apartment community in Los Gatos, sold for $11.33 mil, or roughly $236k/unit. The property is located at 14930 Oak Rd, near the intersection of State Route 85 and State Rou...
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• NoCal’s Foundry Wharf Biz Park Leasing Assigned to C&CCNKF
2/24/12
Cornish & Carey Commercial Newmark Knight Frank was selected to exclusively market Foundry Wharf Business Park for lease. The “North Bay’s Central Office Campus” is located on a stunning riverside setting in Downtown Petalum...
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• Barker Pacific Kicks Off 2012 with 60k sf of Activity at One Sansome Street
2/22/12
Barker Pacific Group (BPG) has seen leasing activity for 60k sf in new and renewal deals so far in 2012 at One Sansome Street in San Francisco’s Financial District. The new deals add almost 10 percent to the occupancy of the ...
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• BioMarin Pharmaceuticals Leases 120k sf of NoCal Office Space
2/20/12
BioMarin Pharmaceuticals Inc recently closed a very newsworthy NoCal office lease, taking 120.3k sf of Class A space at San Rafael Corporate Center (SRCC). In the transaction, Novato-based BioMarin penned a long-term lease fo...
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• Commercial Real Estate Forecast Says Silicon Valley Recovery Will Continue
2/17/12
Commercial real estate services firm Colliers International held its 13th annual commercial real estate forecast for Silicon Valley last week. The informative event provided a valuable outlook on Silicon Valley’s commercial r...
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• DivcoWest Closes 261k sf Texas Office Buy
2/10/12
San Francisco-based DivcoWest announced today that it DivcoWest wrapped up another notable office buy. In this latest transaction, the company purchased Prominent Pointe I & II, a two-building Class A office project totaling ...
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• Renter Migration from Higher-Priced Bay Area Markets Bolsters Apt Demand in the East Bay
2/08/12
Here’s the multifamily real estate outlook for 2012, provided to us by leading national investment services firm Marcus & Millichap. This article is a summary of the company’s more comprehensive research report.
Strong apart...
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• San Francisco Hyatt Regency Lands $130 Mil Refi
2/07/12
A partnership between affiliates of Dune Real Estate Partners LP and DiNapoli Capital Partners LLC has obtained a new $130 mil first mortgage loan to refi the 802-room Hyatt Regency San Francisco, located on the waterfront in...
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• Riverbed Fills Up 167k sf Creative Space in San Francisco’s SoMa District
2/07/12
In the latest leasing activity from San Francisco’s South of Market (SoMa) District, Riverbed Technology inked a 10-year deal for 167.8k sf of space at 680 Folsom St, a Class A office building near the Moscone Convention Cent...
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• 137-Unit Bay Area Apartment Property Hits the Market
2/06/12
Town Centre Commons, a 137-unit multifamily property located in the San Francisco Bay Area city of Brentwood, has been listed for sale. Brandon Geraldo, a multifamily property investment specialist in Marcus & Millichap’s San...
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• iCrossing and 6 Waves are Latest Tech Companies to Sign at 550 Kearny in San Francisco
2/01/12
In recent San Francisco leasing activity, Highridge Partners and Montgomery Capital Partners signed two significant leases in January at 550 Kearny St. In these deals, 6 Waves took 26.4k sf and iCrossing signed for 19.1k sf o...
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• CityView Closes on First Res Buy from Bay Area Fund
1/31/12
CityView, a real estate advisory firm founded by former HUD Secretary Henry Cisneros, has just closed on its first asset from the Bay Area Fund—a new $300 mil fund that will be used to invest in new multi-family housing commu...
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