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Draftsmen & Craftsmen 11/10/10 Sutter health broke ground this week on the new Alta Bates Summit Medical Center Patient Care Pavilion, a 230k sf patient care pavilion in Oakland. The development will house 238 medical/surgical and acute rehabilitation beds...
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San Francisco’s Fillmore Center Receives LEED Silver Certification 11/09/10 The Fillmore Center, a multifamily mixed-use property with 1 msf of usable space located at 1475 Fillmore St in San Francisco’s Fillmore District, will receive the Leadership in Energy and Environmental Design (LEED) Silver f...
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Johnson Capital’s David Susank Places Over $50 Mil in Fannie Mae Loans Over the Past 90 Days 11/05/10 Johnson Capital’s David Susank has closed three separate apartment loans backed by Fannie Mae over the past 90 days in deals that total over $53 mil. Susank is a Vice President in the firm’s Irvine office.
In the first tran...
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New NoCal Seniors Affordable Housing Community Breaks Ground 11/04/10 Santa Ana-based Urban Housing Communities LLC has begun construction on Horizons at Morgan Hill, a 49-unit affordable senior housing community in the Santa Clara County community of Morgan Hill. The project, developed in coll...
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Unique Aging Campus to Move Forward After Sale of 1.5-Acre San Francisco Site 11/03/10 A 1.47-acre development site in San Francisco’s Bayview-Hunters Point area was acquired by Bayview Hunters Point Multipurpose Senior Service Inc in a joint venture with developer McCormack Barron Salazar. The site, known as P...
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NoCal Retail Tenant Activity 11/02/10 Who says retailers aren’t taking new spaces? We think the brokers at Terranomics, the retail specialists, could tell a different story. Here are pieces of information on seven recent retail leases closed by Terranomics agents...
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Mid-Sized Tenants Leasing Space Around the Bay Area 11/01/10 While the office leasing definitely is not heating up yet, we do have news of several recently signed leases around the Bay Area. We’ll start in downtown, where Herman Miller, globally branded furniture designer and distribut...
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No Cal Pro Moves 10/29/10 CresaPartners announced that John Perkins joined the tenant rep brokerage firm as a Vice President in its growing San Francisco office. Perkins, with six years of experience in commercial real estate, will serve as an adviso...
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U.S. Superior Stone & Tile Lays Down Over $9 Mil For 262K SF Facil 10/28/10 A 261,893 sf multi-tenant industrial facility in San Leandro was bought by 2050 Williams, LLC dba U.S. Superior Stone and Tile, Inc for $9,331,140, or $35.61/sf. The company will occupy about half, or 137,580 sf, of the prope...
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Marc Ward and Michael Raffetto Join Cassidy Turley BT Commercial 10/26/10 Veteran East Bay office brokers Marc Ward and Michael Raffetto have joined Cassidy Turley BT Commercial, with this being a return stint for Ward. Both have represented many significant assignments on behalf of tenants and lan...
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Sack Properties Entity Acquires 32-Unit Marin County Multifamily Asset 10/25/10 Marin Gardens, a 32-unit multifamily community in the southern Marin County city of Corte Madera, was acquired for $6.6 mil ($206k/unit), just 35 days after marketing began, by an entity controlled by Sack Properties of San F...
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Carmichael, Caldeway and Anvary Named Partners at Cassidy Turley BT Commercial 10/21/10 Three NoCal brokerage pros have been named as Partners at Cassidy Turley BT Commercial. Sharon Carmichael, a broker based in the firm’s Burlingame office and a member of its retail division Terranomics; Rhonda Diaz Caldewey, ...
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Newmark Nabs $4 Mil For Nob Hill Apartment Building 10/20/10 Newmark Realty Capital, Inc. arranged financing in the amount of $4,000,000 for a 53-unit, seven-story Art Deco apartment building located at 640 Mason Street, in the Nob Hill neighborhood of San Francisco. Built in 1932, the...
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Macy’s.com Takes Additional 38k sf at San Francisco Office Property 10/20/10 Macys.com, the online division of national department store chain Macy’s, inked an expansion lease for an additional two floors, totaling 37.7k sf of office space, at the historic Monadnock building in downtown San Francisco....
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Equity Residential Purchases Berkeley Mixed-Use Property 10/19/10 Equity Residential has acquired Renaissance Villas, a mixed-use property containing 34 apartments and 2.2k sf of retail space in Berkeley. The property was sold by a private partnership for $7 mil.
Originally constructed in...
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TeraRecon Renews 30k sf Office Space in Foster City 10/15/10 TeraRecon has signed a new five-year lease for 30.1k sf of space at Bayside Towers in Foster City. The two-building office complex is located at 4000 and 4100 East 3rd Ave, a few blocks from the western end of the San Mateo B...
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TMG Partners and Rockwood Capital Acquire Former SBC HQ Property in San Francisco 10/13/10 TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, and Rockwood Capital have teamed up in the acquisition of the two San Francisco buildings known as 680 Folsom St and 50 Hawthorne St Th...
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Hudson Pacific Closes $35 Mil Office Purchase in San Francisco 10/12/10 Hudson Pacific Properties has just wrapped up another significant office buy, this latest purchase in San Francisco, where the SoCal-based firm paid $34.9 mil for 222 Kearny St, a 144.4k sf ($242/sf) property in the city’s No...
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Pleasanton Office Property Sells for $9.6 Mil 10/07/10 Las Positas Office Plaza, a two-building, 105k sf office complex in Pleasanton, sold for $9.6 mil ($91/sf). The Class A property was acquired out of foreclosure by Embarcadero Capital Partners.
Built in 1986, Las Positas ...
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Eric Doyle Named Executive Managing Director at Newmark Knight Frank Cornish & Carey 10/05/10 Erik Doyle has been named Executive Managing Director of the Newmark Knight Frank Cornish & Carey Commercial Capital Group and will oversee all western United States institutional investment sales for the company. In his new ...
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