| Invesco Advisers Buys 335k sf East Bay Portfolio for Conversion to Life Science Use
Invesco Advisers Inc acquired a newly developed, 335k sf, six-building portfolio in Alameda, with plans to convert the property into state-of-the-art life science use. The deal is being financed with a loan for $99.235 mil to...
| Longfellow Real Estate Partners Acquires 236k sf Bay Area Office Complex
Longfellow Real Estate Partners has acquired San Mateo Bay Center, a 235.9k sf office campus in San Mateo. The transaction was financed with a $178 mil first mortgage loan provided by Mesa West Capital to recapitalize costs a...
| Fivetran Inc Leases 80k sf in Downtown Oakland
Fivetran Inc, a fast-growing automated data integration company, inked a lease for 80k sf of space in Downtown Oakland. The deal is at 1221 Broadway, a 24-story, 535k sf office building at the intersection of Broadway and 12t...
| Work Gets Underway on Wine Country Res Development
OSM Investment has started work on Napa Creek Village, a 48-unit multifamily housing community in the heart of wine country. Located along Napa Creek on 2.5 acres, the community will include sustainable design features and br...
| Cityview Raises $100 Mil in Opportunity Zone Capital for Oakland Waterfront Project
Cityview has raised nearly $100 mil in opportunity zone capital for its Oakland Waterfront project, a 378-unit multifamily development boasting sweeping waterfront views from over 80% of the units and state-of-the-art ameniti...
| The Plaza Suites Hotel in Santa Clara Trades Hands
The Plaza Suites, a 219-room hotel located at 3100 Lakeside Drive in Santa Clara, was acquired by an unnamed Bay Area investment company. The property was sold by Sierra Land Group, out of Glendale, CA.
First opened in 1991,...
| Fully Leased Retail Center in East Palo Alto Trades in $53 Mil Deal
Gateway 101, a 92.1k sf retail center in East Palo Alto, sold for $53.2 mil ($577/sf). The center, fully leased to two national, investment-grade tenants, was sold by Regency Centers Corporation. The buyer was a private forei...
| Daly City Office Asset Trades in Deal Valued Near $168 Mil
Harvest Properties and an affiliate of Cerberus Capital Management L.P. have sold DC Station, a 385k sf, Class A office building and adjacent seven-level parking structure in Daly City. From what we hear, the deal had a total...
| Planned Mixed-Use Development in San Jose Will Include a Life Time Athletic Resort
The Boulevard, a planned mixed-use development coming to San Jose’s West Valley, has been fully approved by the City of San Jose and is slated to get underway in the fourth quarter of 2021.
The project, a development of Cyp...
| East Bay Multifamily Property Goes for $219k/Unit
Terrace Towers, a 41-unit apartment building in Hayward, was sold for $8.99 mil, or $219k per unit. The low-rise, three-story apartment complex is located at 23976 2nd St, east of Mission Blvd in Hayward Hills.
| Bay Area Industrial/Retail Building Goes for $9 Mil
A 44.1k sf, multi-tenant industrial and retail building in San Leandro sold for $9 mil ($204/sf). The facility, which sits atop 2.72 acres at 14664-14680 Washington Ave, was sold by Lighthouse for the Blind & Visually Impaire...
| East Bay Industrial Vacancy Rate Up Slightly and Expected to Continue to Rise Due to New Construction
This report was provided by the East Bay office of real estate services firm Cushman & Wakefield
ECONOMY: Path to Recovery Comes Into Focus
The East Bay, consisting of Alameda and Contra Costa counties, recorded a decline ...
| Phase 3 Real Estate Partners Inc and Bain Capital Real Estate Land $400 Mil for Construction of Bay Area Life Science Campus
Phase 3 Real Estate Partners Inc and Bain Capital Real Estate have obtained a $400+ mil construction loan for Genesis Marina, a to-be-built, waterfront Class A+ life science campus totaling approximately 570k sf in the Bay Ar...
| East Bay Office Complex Inks Two Deals Totaling 40k sf
There have been two recent leases to report at The Towers Emeryville, an 816k sf, Class A office park owned by KBS Real Estate investment Trust III in the East Bay city of Emeryville. The transactions include a new 20.3k sf l...
| Tishman Speyer Acquires 700k sf Silicon Valley Office Campus
Tishman Speyer acquired a four-building, 700k sf Class A office campus in Sunnyvale, within the city’s Moffett Park submarket, in a deal estimated to be worth $365 mil. The campus, located at 1395 Crossman Ave, currently serv...
| San Francisco Office Activity is Slowly Picking Up in 2021
This report was provided by Kidder Mathews Director of Research Gary Baragona
San Francisco office availability rose slightly in the first quarter to 26.9% across all class types. In particular, sublease ava...
| Bay Area Waterfront Project Lands $166 Mil in Financing
In a large Bay Area financing deal, NorthMarq has secured $166 mil in debt and joint venture equity for the development of The Launch, a 368-unit waterfront multifamily community in Alameda. The project represents the first j...
| Two-Building Bay Area Portfolio Purchased by Kennedy Wilson Fund VI for $32 Mil
Fremont Research Center, a two-building, 115.5k sf commercial portfolio in Fremont, was acquired by Kennedy Wilson Fund VI in a $32.3 mil transaction. The complex, located at 47200 Bayside Pkwy and 3500 W Warren Ave, is curre...
| Comstock Realty Partners and Dune Real Estate Partners Lock Up $52 Mil in Construction Money for San Francisco Redevelopment Project
A joint venture between affiliates of Comstock Realty Partners and Dune Real Estate Partners have obtained $52 mil in construction financing for The Maclac Building, a five-story, 108k sf PDR-zoned redevelopment project in Sa...
| Kylli Inc Lands $750 Mil in Financing on Its Burlingame Point Office Campus in the Bay Area
Kylli Inc has secured $750 mil in refinancing on its Burlingame Point office campus on the San Francisco Peninsula. The new, state-of-the-art campus is LEED Gold-certified property and consists of four Class A office/R&D/lif...