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• New 97-Unit Res Community Completed in Hayward
9/29/22
Construction has finished at Legacy at Hayward, a four-story, 97-unit luxury apartment community in Hayward. The project, a development of Legacy Partners and Corebridge Real Estate Investors, is located in the hills at 28168...
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• Avison Young Awarded Assignment for Office Space in San Francisco Portfolio
9/28/22
Grosvenor has awarded Avison Young the leasing assignment for office space within a portfolio of four boutique, mixed-use properties located in San Francisco’s Union Square. Totaling just over 133k sf, the high-quality, offic...
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• TA Realty Spends $90 Mil on Bay Area Biz Park
9/23/22
TA Realty has purchased Green Valley Corporate Park, three newly completed, Class A industrial buildings totaling 415.1k sf of space in Fairfield, CA. The properties were sold by Panattoni for $90.5 mil ($218/sf).
Green V...
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• Ellis Partners Buys 87k sf R&D Campus in Sunnyvale
9/22/22
Ellis Partners purchased an 87.1k sf value-add R&D campus in Sunnyvale for an undisclosed amount. The campus, located at 333 and 385 Moffett Park, is comprised of a 75.9k sf two-story building and an 11.2k sf one-story buildi...
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• Two-Property San Jose Res Portfolio Goes for $350k/Unit
9/20/22
A two-property, 118-unit senior affordable housing portfolio in San Jose traded hands in a recent $41.25 mil ($349.7k/unit) transaction. The assets -- Monte Vista Gardens Senior 1 and 2 -- were sold by ROEM Development, who b...
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• Sares Regis Group and Caltrain Land Approval for 191-Unit Res Development at the Hayward Park Train Station
9/16/22
In a public/private partnership, Sares Regis Group of Northern California (SRGNC) and Caltrain have gained approval from the San Mateo Planning Commission for a new apartment community called Hayward Park Transit Oriented Dev...
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• Silicon Valley Medical Office Building Sells for $552/sf
9/15/22
A 35.3k sf medical office building in San Jose was purchased for $19.5 mil ($552/sf) by the property’s current tenant, El Camino Health. The building, located at 625 Lincoln Ave, was sold by The Sobrato Organization.
El Cami...
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• Justin Grill Joins Newmark as Senior Managing Director
9/13/22
Justin Grilli, a 20-year real estate industry veteran, has joined Newmark as Senior Managing Director. Grilli joins Newmark’s Walnut Creek office where he will focus on representing developers, investors and tenants on leasin...
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• Dollinger Properties Lands $97 Mil in Take-Out Financing on New Silicon Valley Office Building
8/31/22
Dollinger Properties has locked $97 mil of new permanent financing to retire construction debt for a 152k sf, four-story, LEED Gold certified office building in Sunnyvale’s Peery Park office district. The non-recourse, balanc...
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• E&S Ring Lands $46 Mil of Refi Loans on Trio of Bay Area Res Properties
8/30/22
E&S Ring has secured $46 mil in refi loans on a three-property multifamily portfolio in Pleasanton, CA. The garden-style portfolio consists of a combined 274 units and features community amenities including swimming pools and...
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• SummerHill Apartment Communities Wraps Up Work on New Multifamily Project in South San Francisco
8/30/22
Nine88, a new mixed-use, multifamily community situated in the heart of South San Francisco, has been completed and has officially opened its doors to the public. The 172-unit project, a development of SummerHill Apartment Co...
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• SecureSpace Self Storage Buys 11-Property Portfolio Totaling 6,550 Units
8/22/22
In a national self-storage buy, SecureSpace Self Storage acquired an 11-property, best-in-class self-storage portfolio totaling 6,550 units in three high-performing real estate markets: the San Francisco Bay Area; Portland, O...
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• SF Bay Area Ranked the 'Top Tech City' in North America
8/17/22
This summary on the San Francisco Bay Area’s tech market was provided by Robert Sammons, Research Director, Cushman & Wakefield
The region surrounding the San Francisco Bay remains the epicenter of the technology industry. I...
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• Anne Hill and Nancy Babb Join RiverRock Real Estate Group
8/09/22
Anne Hill, RPA, CPM, and Nancy Babb, RPA, have both joined RiverRock Real Estate Group (RREG), a client-centric property and asset management firm. Both take on the position of Director.
Hill brings over 15 years of diverse...
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• Oaktree Capital Management, L.P. and MG Properties Close $320 Mil San Jose Multifamily Acquisition
8/03/22
A joint venture made up of funds managed by Oaktree Capital Management, L.P. and MG Properties has purchased The Platform Urban Apartments, a 551-unit multifamily community in San Jose, in a $320 mil transaction. Completed in...
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• Diversified Healthcare Trust Spends $82 mil on Bay Area Life Sciences Asset
8/02/22
Diversified Healthcare Trust (DHC) purchased Fremont Labs, a recently renovated, 89k sf Class A life sciences property in Fremont, for $82 mil ($921/sf).
Fremont Labs is positioned on a 4.7-acre site at 47071 Bayside Pkwy w...
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• Bay Area Res Community Trades in $193 Mil Deal
7/28/22
MG Properties acquired Eleanor Apartments, a 333-unit community in the Bay Area city of Milpitas, for $193 mil, or $580k/unit. The property is located at 312 Gates Dr, just north of Montague Expy about midway between I-880 an...
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• Five Fast Facts about the San Francisco Office Market
7/26/22
This report was provided by real estate services firm Cushman & Wakefield
1 – Office rents reached a new record high of 510,600 positions, up 7.9% YOY.
2 – VC funding was at $9.6B, the sixth highest quarterly figure on reco...
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• Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
7/22/22
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
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• California Capital & Investment Group Spends $38.5 Mil on Bay Area Office Building
7/21/22
California Capital & Investment Group has acquired The Terraces in Pleasant Hill, a six-story, 134.8k sf office property in Pleasant Hill, for $38.5 mil ($286/sf). The property was sold by Eagle Canyon Capital.
Located at 23...
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