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• NAI BT Negotiates Pair of Bay Area Multifamily Investment Buys
8/05/09
Here’s an update on a couple of recent Bay Area multifamily sales, one in Mountain View and the other in Redwood City.
We’ll start in Mountain View, in Silicon Valley, where a 12-unit property located at 678-690 Victor Way...
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• Equity’s Latest Peninsula Signing is RightNow
8/03/09
In a recent San Mateo office lease, RightNow Technologies, a developer of customer relationship management (CRM) software, took 13.5k sf of Class A space on the second floor at 999 Baker Way, within Equity Office’s San Mateo ...
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• Owner/Users Pick Up East Bay Industrial Properties
7/30/09
In recent industrial sales activity in the East Bay, Wallace Lee (dba Wigs America) purchased two neighboring buildings totaling 66.6k sf for $5.5 mil ($83/sf). The sale consisted of a 30k sf building located at 27279 Industr...
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• Newmark Realty Capital Arranges Financing on Three Single-Tenant, NNN Retail Properties
7/28/09
Newmark Realty Capital Inc has arranged permanent financing totaling $3.7 mil on three single-tenant, NNN-leased investments located in California and New Mexico. Robert Slatt, a Vice President in Newmark's San Francisco offi...
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• Sares Regis Group and CIGNA Realty Investors Close 231-Unit San Jose Multifamily Buy
7/27/09
In a big NoCal apartment buy, a venture of Sares Regis Group of Northern California L.P. (SRGNC) and CIGNA Realty Investors (CREI) has acquired Bella Villagio Apartments, a 231-unit luxury apartment community located in San J...
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• Two Hayward Warehouse Properties Sell for $5.5 Mil
7/23/09
Two warehouse properties totaling 66.6k sf in the city of Hayward traded hands in a recent $5.5 mil ($83/sf) transaction, said to be the largest owner/user sale in Hayward so far this year. The properties are located at 27317...
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• Trio of Bay Area Multifamily Sales Comps Add Up to $5.5 Mil
7/20/09
We’ve got three recent Bay Area multifamily investment comps to share with you, two in San Mateo County and the other one in Santa Clara County. We’ll start in Campbell, in Santa Clara County, where the 17-unit Angela Court A...
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• Yacoel Properties Spends $13 Mil on Vallejo Retail Center
7/15/09
In a notable NoCal retail sale from a few weeks ago, a 66k sf neighborhood shopping center in Vallejo sold for $12.9 mil ($195/sf). The property, Glen Cove Shopping Center, is situated along I-780 in the city’s Glen Cove are...
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• Basin Street Signs Three More at Its Redwood Business Center
7/10/09
Petaluma-based Basin Street Properties has landed three new tenants at its Redwood Business Center office/retail complex. Berkley Risk Administrators Company/Riverport Insurance Company, Progressive Casualty Insurance Compan...
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• Recent NoCal Retail Comps
7/09/09
PETALUMA (Sonoma County) – A Likely Story – a children’s bookstore – inked a long-term lease for 2.1k sf of retail space at 149 C St, in Petaluma’s Theater District. The newly revitalized Petaluma Theatre District is a 7-bloc...
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• San Francisco Industrial Market Expected to Weaken Slightly
7/08/09
While San Francisco's limited supply threats should help to minimize weakness compared with the tech bust earlier in the decade, ongoing economic contraction will underpin a downturn in industrial fundamentals in 2009, accord...
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• PODS Takes Over Hayward Warehouse Facility
6/29/09
In a recent East Bay industrial deal, PODS agreed to a five-year lease for a 118.8k sf warehouse facility at 21001 Cabot, west of I-880 and north of the 92 Fwy, a few blocks southwest of the Hayward Executive Airport. The lea...
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• NoCal Activity Update
6/18/09
SAN LEANDRO (Alameda County) – Nan Fang Distribution paid $3.275 mil for a three-building, 59.5k sf ($55/sf) industrial property located at 2100 Williams St. The property, which also includes a large side yard area and covers...
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• NorthMarq Arranges Moonlite Rendezvous in Santa Clara
6/15/09
Jeffrey Weidell of NorthMarq Capital’s San Francisco office arranged an $11.087 mil first mortgage for Moonlite Shopping Center, located at the southeast corner of Kiely and El Camino Real in Santa Clara. Major tenants at the...
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• NAI BT Commercial Launches Property Management Division
6/08/09
NoCal regional real estate services firm NAI BT Commercial has just launched a new property management arm, NAI BT Management Services, which provides property and facilities management, lease administration, asset management...
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• NoCal Retail Briefs
6/04/09
ROHNERT PARK (Sonoma County) – Driven Raceway, an indoor go-kart racing and entertainment facility, inked a lease for 36.3k sf of retail space at the Wal-Mart Plaza Shopping Center, located on Redwood Dr. Driven Raceway has r...
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• Colliers International Recognizes Three Top Producers
6/01/09
Three Colliers International agents from the Silicon Valley office in San Jose were recognized by their Colliers peers for their successes in 2008. The honors were announced at the national meeting for Colliers Retail Service...
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• Pittsburg Seniors Apartment Property Sells for $98k/Unit
5/29/09
An 88-unit age-restricted and market-rate apartment community in the NoCal city of Pittsburg was just acquired by a private partnership in an $8.65 mil ($98.3k/unit) transaction. The property, Creekside Village Senior Apartme...
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• NoCal Notice of Defaults and Notice of Trustee Sales Decline in April ‘09
5/28/09
Notice of Defaults and Notice of Trustee Sales in NoCal decreased six percent from March 2009 to April 2009, according to the latest data from Default Research. The hardest hit counties, which are measured by households in f...
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• NoCal Deal Update
5/26/09
EMERYVILLE (Alameda County) – Hollis Street LLC paid $17 mil for a 55k sf ($309/sf), single-story office building located at 5650 Hollis St. The single-tenant property was fully leased to Bayer Pharmaceuticals, which utilizes...
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