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• $23 Mil Buy Marks Westcore’s Fifth NoCal Purchase in Past Four Months
9/27/11
Westcore Properties has purchased Greenville Business Center, a four-building, 475k sf Class A industrial center in Livermore, for $23.3 mil, or $49/sf. The deal marks Westcore’s fifth industrial property acquisition in North...
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• Marcus & Millichap’s Multifamily Report for San Francisco Metro Area 3Q 2011
9/26/11
The collective influences of San Francisco’s out-of-reach single-family home prices, resurgent tech-related job growth, and firming occupancies are resulting in market dynamics that will side in favor of landlords in 2011. Wh...
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• It’s A Perfect World for Diamonds
9/26/11
Perfect World Entertainment leased a 100k sf office building in Redwood City, situated in the San Francisco Bay Area’s Peninsula region. The modern, Class A property is four stories tall features a stylish blue-glass finish. ...
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• Johnson Capital Arranges $12 Mil on East Bay Medical Office Building
9/23/11
Rick Hayward, Senior Director, of Johnson Capital’s San Francisco office, has arranged $12 mil in financing for a 45k sf medical office building in Walnut Creek, CA.
The fully-leased, three-story property, located at 2405 Sh...
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• New 300-Unit Foster City Res Project Gets Underway
9/22/11
Sares Regis Group of Northern California LLC (SRGNC) has begun construction of The Plaza in Foster City, a 307-unit apartment project in the Pilgrim/Triton area of Foster City. The development, slated for completion in 2013,...
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• Shorenstein Lists Pair of Class A Redwood City Office Buildings
9/22/11
Shorenstein Properties just listed for sale two trophy Class A+ office buildings totaling 447.7k sf in Redwood City. The properties, known as 1400 and 1500 Seaport Boulevard, are 100 percent NNN-leased to Abbott Laboratories ...
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• Equity Office Signs Two for Over 200k sf
9/15/11
Big office property owner Equity Office recently inked two sizable leases in Silicon Valley for a combined 213k sf of space. The deals were with Symantec Corporation in Mountain View and with KPMG in Santa Clara.
Mission Tow...
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• Palo Alto Experiencing Dramatic Demand for Space
9/13/11
Here is an overview of the Palo Alto real estate market, provided to us by CresaPartners. The report was compiled by Dave Tipton, a principal in the firm’s Palo Alto office.
While most of California’s commercial real estate ...
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• Trio of Leases Boost Occupancy to 91% at Dublin Corporate Center
9/12/11
Tishman Speyer recently inked three major lease transactions totaling over 250k sf at Dublin Corporate Center, a Class A office campus near San Francisco that the company owns. With these deals, occupancy at the project has ...
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• San Jose Office Sublease is a Nimble Move for Storage Company
9/08/11
Nimble Storage subleased 34.3k sf of office space at 2740 Zanker Rd, north of Hwy 101 and the San Jose International Airport in San Jose. Nimble Storage, developer of the first converged storage and backup solution, is expand...
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• Talbott and Mencaccy Buy RW Zukin
9/02/11
Long-time multifamily industry veterans Robert C. Talbott and Scott F. Mencaccy have acquired RW Zukin Corporation, a 46-year-old Bay Area real estate services firm. Based in Menlo Park, RW Zukin specializes in property manag...
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• NoCal Activity Review
8/31/11
SANTA CLARA (Santa Clara County) -- Palo Alto Networks, a network security company, expanded and relocated its corporate headquarters from its previous location at 232 E. Java Drive in Sunnyvale after signing a new lease for ...
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• Westcore Spends $23 Mil on Central CA Distribution Facility
8/30/11
Westcore Properties keeps rolling along with yet another significant industrial acquisition. In their latest deal, the San Diego-based real estate firm purchased Stockton Center Pointe, a 508k sf, Class A warehouse/distributi...
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• CBRE Team Named to Market NoCal Grocery-Anchored Retail Center
8/29/11
A CBRE marketing team of Don LeBuhn, David Noravian and Heath Kastner has been retained as the marketing advisor for Rossmoor Shopping Center, a 107.6k sf grocery-anchored community center located in the highly affluent East ...
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• BPM Leases 20k sf of Walnut Creek Office Space
8/26/11
Burr Pilger Mayer (BPM), one of the largest West Coast-based accounting and consulting firms, signed a lease for almost 20k sf of office space at 2001 North Main Street (commonly known as 3 Ygnacio Center) in Walnut Creek, al...
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• SF Peninsula Multifamily Asset Sells for Over $11 Mil
8/25/11
Pacific View Apartments, a 61-unit multifamily community located in the coastal San Mateo County city of Pacifica, was acquired by a single-asset entity controlled by a private Bay Area partnership. Located at 335 Talbot Ave,...
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• Iconic San Francisco Office Building Sells for Over $600/sf
8/24/11
One Montgomery Street, an iconic, 76k sf office building in San Francisco’s Financial District, was purchased for $48 mil ($632/sf) by a New York City-based investment group. The structure, which fronts Montgomery and Post St...
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• Chandler Properties Purchases 15-Unit Oakland Apartment Building
8/24/11
The Alexandria, a 15-unit apartment community located at 1906 Jackson St in Oakland, sold for just over $2 mil ($133/unit). Built in 1923, The Alexandria features six studio and nine one-bedroom units, most of which feature v...
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• Santa Clara Office Buildings to Undergo Dramatic Re-Do
8/23/11
Two adjacent Santa Clara office buildings are about to undergo a dramatic redevelopment that includes adjoining the buildings with a dramatic, two-story glass pavilion and creating a striking exterior courtyard lounge area fo...
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• East Bay Property Owner Gets Rich
8/18/11
In recent NoCal deal news, a local investor paid $11 mil for Mi Pueblo Foods grocery store (formerly an Albertson's), a 50k sf ($220/sf) building located at 2400 Railroad Ave in Pittsburg, in Contra Costa County. The property...
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