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• Investor Gobbles Up Apple Office Building in Cupertino
4/28/08
This report will review a few recent Northern California commercial transactions that were passed along to us by NAI BT Commercial, the regional real estate services firm that brokered each of these deals.
The first transact...
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• Concern and Caution Cool San Francisco’s Office Market
4/23/08
Here’s a brief 1st Quarter 2008 report on the San Francisco office market, provided by Michael Tobin, a Director at Pacific Union Commercial Brokerage.
Absorption: Citywide absorption was positive for the 19th consecutive qu...
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• New Vacaville Office Project is Nut Lacking for Amenities
4/22/08
Businesses in Vacaville looking for modern, amenity-laden office space in the region now have the option of a brand new 40k sf development that was just completed at Nut Tree Village, a 333k sf mixed-use lifestyle center deve...
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• NoCal Firm Pays $24 Mil for Bellevue Multifamily Asset
4/21/08
Somerset Green Townhomes, a 101-unit apartment community in Bellevue, WA, was acquired by an entity of San Francisco-based Carmel Partners for $24 mil ($237.6k/unit). The asset is located at 4200 to 4261 129th Place SE, east ...
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• Akamai Gets Clearview of Its Next Seven Years in San Mateo
4/16/08
Akamai Technologies Inc recently inked a seven-year lease for 50k sf in Clearview Business Center, a six-building, 270k sf business campus in San Mateo. Akamai, a leader in powering transactions and applications on the Intern...
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• Basin Street Inks Trio of Petaluma Leases
4/10/08
Three companies have inked recent leases in the NoCal town of Petaluma, all at properties owned by Basin Street Properties, a more than 30-year-old real estate developer/owner based out of Petaluma. In these latest transactio...
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• NoCal Deal Briefs
4/08/08
SANTA CLARA (Santa Clara County) – XenoPort Inc is expanding into an additional 58.7k sf of space at 3400 Central Expressway, after agreeing to a five-year deal. They are also extending their existing space of 102.8k sf at 34...
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• Edward Suharski Receives Top Honors for 2007 from Grubb & Ellis
4/03/08
National real estate services firm Grubb & Ellis Company has named Edward Suharski, a Senior Vice President out of the firm’s San Francisco office, as the company’s No. 1 producer and top investment professional for 2007. Su...
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• Legacy Picks Up 500k sf Walnut Creek Office Asset
4/01/08
Legacy Partners seems to have developed an affinity for Bay Area office properties, as the company recently closed on yet another large buy in the region. In their latest purchase, the Foster City-based company acquired Ygnac...
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• Notable NoCal Financings
3/28/08
In a Sacramento-area financing deal, Wrightwood Capital provided $10.86 mil in refi money for the construction and lease-up of North Sunrise Professional Center, a 41k sf medical/office building in Roseville. Located at 568 N...
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• Renovated Union Square Building Offers Unique Presence for One Retailer
3/26/08
A historic 24k sf retail property in San Francisco’s Union Square is being marketed for lease, offering one major high-end retailer with an opportunity for a truly bold footprint in one of the world’s most desirable tourist l...
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• Barker Pacific Awarded Rebate from PG&E for Energy Efficiency
3/25/08
Barker Pacific Group (BPG) received a rebate check of $185,821 from Pacific Gas & Electric as an incentive for incorporating energy efficiency measures at Hamilton Landing in the recent transformation and repositioning of fiv...
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• 2008 Should be Another Good Year for San Francisco Office Market
3/24/08
The San Francisco office market is enjoying a strong resurgence that is expected to continue through 2008, according to the most recent research from investment brokerage firm Marcus & Millichap. Per the company’s 2008 Nation...
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• San Bruno Res Project Secures $116 Mil in Construction Financing
3/17/08
In a positive sign for builders of large residential projects, at least in Northern California, a joint venture of SNK Realty and MacFarlane Partners just locked up $116.4 mil in financing from Corus Bank for construction of ...
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• Latest Reno Buy not the Last Harrah for Basin Street
3/14/08
The former Harrah’s corporate headquarters property in downtown Reno was just acquired by Basin Street Properties, a Petaluma-based real estate firm that had also previously acquired adjacent hotel parcels as part of an ongoi...
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• New Monterey Bay Upscale Hotel Nearing Completion
3/13/08
Visitors to the Monterey Bay will soon have a new top-tier choice for upscale accommodations, as a newly constructed InterContinental hotel is scheduled to open in May 2008. The hotel, to be called the InterContinental The C...
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• NoCal Deal Notes
3/11/08
WOODLAND (Sacramento County) – A 154k sf former Spreckles Sugar plant was acquired by Clark Precast LLC, which intends to operate a new precast-concrete plant on the site. Located on 246 acres in the city of Woodland, about 1...
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• Bay Area Apartment Sales
3/07/08
HAYWARD (Alameda County) -- San Leandro-based Ancheta Associates has purchased the O’Neil Garden Apartments, a 32-unit complex located at 24545 O’Neil Ave, for $3.55 mil ($110.9k/unit). The property consists of 15 two-bedroom...
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• San Ramon’s First Office Condos Available for Purchase
3/06/08
The East Bay city of San Ramon recently enjoyed a new first – the city’s first office condos for sale. The units were developed by the Deerwood Corporation, which just converted a 73k sf, three-story garden-style office build...
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• Westcore Closes $26 Mil Sausalito Buy
3/04/08
An eleven-building mixed-use portfolio in Sausalito, totaling 134.8k sf, was acquired by San Diego-based Westcore Properties in a $26.1 mil ($194/sf) transaction. The assets, which include a mix of office, restaurant, industr...
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