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• Historic Office Building in Downtown Oakland Trades in $14 Mil Deal
9/23/21
An eight-story, 43k sf historic office building in downtown Oakland sold for $14 mil, or $325/sf. The property, located at 1625 Clay St, is 65% occupied. The buyer intends to implement a renovation program at the building.
B...
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• Hines Pays $800 Mil for PG&E’s 1.6 msf Office Complex in Downtown San Francisco
9/22/21
Hines has closed on a record setting acquisition in downtown San Francisco, purchasing Pacific Gas and Electric Company’s 1.6 msf General Office complex for $800 mil, or $500/sf. We’re told this is the largest property, by sq...
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• Black Creek Group Closes 690k sf Silicon Valley Biz Park Buy
9/17/21
Black Creek Group purchased Little Orchard Center, a 690k sf business park in San Jose. The asset consists of four buildings on just under 16 acres of land.
The property was sold by a Harvest Properties entity. Industry sou...
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• Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
9/13/21
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
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• Cannae Partners and Blue Vista Capital Management Acquire 61k sf R&D/Office Asset in Fremont
9/06/21
Cannae Partners and Blue Vista Capital Management purchased Bayside Technology Park, a 61.5k sf R&D office building in Fremont. The property was sold by Osprey Capital LLC in a $16.55 mil ($269/sf) deal.
The property is loca...
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• Riaz Capital Introduces Its Third Opportunity Zone-Compliant Development Fund
9/06/21
Riaz Capital, a Bay Area-based development and management company, has unveiled its latest opportunity zone-compliant development fund, focused on housing for the Bay Area’s underserved urban workforce.
The Ozone III fund,...
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• Multifamily Property in San Leandro Sells for $275k per Unit
9/03/21
Foothill Terrace, a 25-unit multifamily property in San Leandro, recently sold for $6.875 mil, or $275k per unit. Located on a 1.16-acre parcel, Foothill Terrace is comprised of four buildings with approximately 21.5k sf of r...
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• Bay Area Industrial Campus Lands $220 Mil Refi
9/03/21
Pacific Commons South, a 1.9 msf property in one of the top-performing industrial markets in the San Francisco Bay Area, has just been refinanced with a new loan for $220 mil. The property, owned by a venture between Overton ...
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• Bloom Energy Agrees to 150k sf Expansion/Renewal Lease in San Jose
8/31/21
Bloom Energy has inked a new lease in San Jose to renew and expand its current 102.8k sf space at 237@First with an additional 47.1k sf. Bloom Energy – which delivers highly reliable and resilient, always-on electric power th...
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• Avanath Capital Management Buys 71-Unit Berkeley Multifamily Property
8/30/21
Avanath Capital Management LLC has acquired Acton Courtyard, a 71-unit, mixed-use affordable housing community with 7k sf of ground-floor retail in Berkeley, CA. The property is located at 1370 University Ave, between San Pab...
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• The Hanover Company Breaks Ground on San Jose Res Development
8/30/21
The Hanover Company has broken ground on Winchester Apartments, a 366-unit, multifamily project in San Jose. Designed by KTGY, the seven-story development boasts an amenity-rich community aimed at serving active professionals...
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• Silicon Valley R&D/Office Campus Gets New Owner in $56 Mil Deal
8/27/21
Valley Creative Center, a six-building R&D/office campus totaling 166.9k sf of space in north San Jose, sold for $56 mil ($335/sf). Redwood City-based Dollinger Properties purchased the asset from Vista Investment Group.
Val...
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• Grosvenor Americas Acquires 218k sf Office / R&D Campus in North San Jose
8/26/21
Grosvenor Americas has acquired the Orchard-Trimble office and R&D campus, a three-building, 218k sf property in North San Jose. The property is fully leased to Toshiba America Electronic Components Inc, the US storage and se...
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• DWS Makes $67 Mil Bay Area Retail Buy
8/25/21
DWS has closed on the purchase of Hamilton Marketplace, a 90.7k sf shopping center in the Bay Area city of Novato. The property was sold by Grosvenor Americas in a deal sources say was valued at about $67 mil ($739/sf).
Hami...
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• BH Properties Provides $5 Mil in Debtor-In-Possession Financing to California Nevada Methodist Homes
8/24/21
BH Properties has provided continuing care, senior living housing owner and operator California Nevada Methodist Homes (CNMH) with $5 mil in debtor-in-possession (DIP) financing to fund day-to-day operations until regulatory ...
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• Brilliant Earth Brightens Up New Union Square Development with Retail Lease
8/18/21
Brilliant Earth, a leading global retailer of ethically sourced bridal and fine jewelry, has taken the entire third floor at 300 Grant, a new office/retail development in San Francisco’s Union Square. Brilliant Earth will use...
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• Two East Bay Multifamily Sales Total Over $30 Mil
8/12/21
In recent multifamily activity out of the East Bay, a private investor purchased two properties totaling 96 units in separate transactions. The deals were in Hayward and Castro Valley, and had a combined price tag of $30.8 mi...
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• Freestanding Sunnyvale Office/R&D Building Trades for $19.3 Mil
8/10/21
Montana Avenue Capital Partners LLC (MAC) purchased a 53.6k sf, freestanding single-story office/R&D building on nearly four acres in Sunnyvale for $19.3 mil ($360/sf). MAC intends to re-brand the property, located at 970 Ste...
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• Washington Holdings Buys 378k sf San Jose R&D Campus
8/09/21
Seattle-based real estate investment firm Washington Holdings has acquired RioTech R&D Park, a Class A R&D campus in San Jose. The property is centrally located in the North San Jose submarket with immediate access to mass tr...
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• San Francisco Creative Office Building Acquired by Bridgeton and STARS REI
8/04/21
A joint venture between Bridgeton and STARS REI purchased a 73k sf, creative office building in San Francisco’s SoMa neighborhood. The price was not disclosed.
Located at 260 Townsend St, the property has over 375 feet of fr...
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