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• Napa Apartment Community Fetches $91k/Unit
9/16/10
Here’s the scoop on a sizable Napa multifamily buy, as a San Francisco-based private investor paid $14.8 mil for Napa Garden Apartments, a 162-unit ($91.4k/unit) complex located at 2513 Laurel St, on the west side of Hwy 29 b...
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• Richard Bland and Raul Alcaraz Join Grubb & Ellis
9/15/10
Richard P. Bland and Raul Alcaraz have joined Grubb & Ellis’ Investment Group as Senior Vice President and Associate, respectively. Bland and Alcaraz join from CB Richard Ellis and will be part of the company’s Private Capit...
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• Industrial Income Trust Spends $60 Mil on Two East Bay Biz Parks
9/14/10
Industrial Income Trust has purchased two NoCal industrial properties totaling 721.5k sf of space -- Pinole Point Business Park in Richmond and Bayside Business Park in Fremont. The properties were sold by Sares Regis Group o...
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• BRE Collects $24.6 Mil from Inland Empire Apt Sale
9/09/10
By Allen Wolfsheimer
For BRE, proceeds of this sale helped the company move forward with a new SoCal acquisition of its own, paying $166 mil for Aqua Marina del Rey, a 500-unit community in the upscale, West Los Angeles area...
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• Tellabs Inks Big Silicon Valley Expansion Deal
9/09/10
In one of Silicon Valley’s largest office expansion transactions this year, Tellabs inked a deal for 77.1k sf of space at 4555 Great America Pkwy, north of the 101 Fwy and east of Lawrence Expwy in Santa Clara. Tellabs new sp...
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• San Francisco Office Leases Total Up to 54k sf
9/03/10
In recent San Francisco office leasing activity, United Business Media LLC and the firm of Ogletree Deakins, Nash, Smoak & Stewart P.C. inked deals for a combined 54k sf of space in the city’s downtown.
United Business Media...
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• International Game Technology Takes 46k sf of San Francisco Office Space
9/02/10
In the latest deal news from San Francisco, International Game Technology (IGT) signed a new long-term lease for 45.9k sf of Class A office space at Foundry Square II, located at 405 Howard in the city’s SOMA District. The pr...
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• Cassidy Turley to Manage 657k sf NoCal Industrial Portfolio
9/01/10
The Peppertree Business Center is a four-building 176.8k sf multi-tenant project located at 30952-30965 San Clemente St and 30963 San Benito St. Located at 2809-2829 Whipple Rd, the Whipple Business Center is a three-building...
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• Union Property Capital Purchases 100k sf Cupertino Building
8/31/10
A 102.4k sf, two-story Class A office building in Cupertino was purchased by Union Property Capital in a deal said to be well below replacement cost. The structure is located on a 6-6-acre site at 10900 N. Tantau Ave, north o...
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• Lowe Locks Up 85k sf in Lease Transactions at San Mateo Biz Campus
8/30/10
Here’s an update on some recent office activity in the Bay Area’s mid-peninsula region, as SolarCity® and Akamai Technologies have signed off on leases for a combined 85.4k sf of space at Clearview Business Park in San Mateo....
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• Workforce Housing Project for San Mateo Community College District Opens
8/27/10
Canada Vista in Redwood City, a new housing development for professors and staff of the San Mateo County Community College District (Cañada College, College of San Mateo and Skyline College), recently opened its doors. Develo...
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• NoCal Retail Briefs
8/26/10
SAN CARLOS (San Mateo County) – Seanna Woodworks, dba Woodcraft, leased a 10k sf freestanding building at 40 El Camino Real. The building interior and exterior were recently remodeled to include a new façade, new restrooms, a...
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• John Dolby Joins Grubb & Ellis
8/25/10
John A. Dolby has joined Grubb & Ellis as Senior Vice President, Office Group, where he will primarily focus on the Oakland, Emeryville, Berkeley and Hayward markets.
Dolby’s addition extends Grubb & Ellis’ ongoing recruit...
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• Supergen Renews HQ Space at Dublin Corporate Center
8/24/10
Supergen Inc, a developer of cancer therapies, agreed to a 30k sf lease renewal at Dublin Corporate Center in a deal that will keep the pharmaceutical company’s headquarters at the office campus through the end of 2015. The p...
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• Gagnon Joins CresaPartners
8/23/10
Jeff Gagnon was named to head CresaPartners’ Strategic Services Group in the Bay Area. Based in San Francisco, the group also serves the San Jose and Palo Alto offices of CresaPartners, one of the nation’s largest corporate ...
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• The Tides Rolls into Jackson Square Properties’ Portfolio
8/19/10
The Tides Apartments, a 200-unit multifamily property in the west Contra Costa city of Richmond, recently traded hands in a NoCal investment buy. Built in 2004, The Tides contains 178.9k sf and is located at 3185 Garrity Way,...
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• Tishman Speyer Recapitalizes Dublin Corporate Center
8/17/10
Tishman Speyer has recapitalized its Dublin Corporate Center office campus by buying back all of the property’s debt at a discount and committing new capital that will be used to fund future capital expenditures and leasing c...
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• San Francisco Site Receives Re-Zone Approval for Res Development
8/16/10
Here’s a sign that the residential development market may be starting to perk up a bit, at least in more desirable, in-fill markets. In San Francisco’s Ocean View neighborhood, Birch Tree Properties LLC formally received appr...
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• @First Gets Wise with Five Guys Burgers & Fries
8/12/10
Hunter Storm Properties recently locked up two new retail lease transactions at it brand new office, retail and hotel development project known as @First. The development is located at the southeast corner of North First St a...
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• San Mateo Seniors Apartment Community Sells for $19 Mil
8/12/10
FountainGlen at The Villa, a 135-unit mixed-use senior apartment and retail community in San Mateo, recently sold for $18.75 mil. Located at 4000 South El Camino Real, south of Hillsdale Blvd on the west side of the 101 Fwy, ...
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