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• NoCal Deal Briefs
1/27/09
SAN FRANCISCO (San Francisco County) – Fox Interactive is bumping up its existing 35k sf of SOMA space at 625 Second St -- housing the company’s MySpace and Photobucket entities -- by subleasing an additional 70k sf, for a to...
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• Santa Clara Apartment Property Sells for $162k/Unit
1/26/09
In a recent example of a Silicon Valley apartment sale, a 16-unit luxury apartment complex in Santa Clara sold for $2.6 mil ($162.5k/unit). The property, Saratoga Square, is located at 565 Saratoga Ave and consists of 14 one-...
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• Principal Financial Closes 2006 with 45k sf Discovery in Livermore
1/22/09
Principal Financial Group closed out the year on a high note, with a pair of leases totaling 61.6k sf of space at its Amador Business Center in the city of Livermore. In one of the transactions, Discovery Toys took 44.6k sf o...
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• Law Firm Takes 85k sf of High-End Space in Silicon Valley
1/21/09
In a notable Silicon Valley law firm office lease that closed before the end of the year, McDermott, Will & Emery LLP agreed to a deal for 84.7k sf of space at 275 Middlefield, a two-building Class A complex at 275 Middlefiel...
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• SIOR NoCal Sends New Prez Announcement in Morse Code
1/19/09
Nancy Morse, CCIM, SIOR and Senior Vice President with the San Jose office of Grubb & Ellis, has been elected President of the Northern California Chapter of the Society of Industrial and Office Realtors (SIOR) for 2009.
S...
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• J.S. Rosenfield Lands Larkspur Landing Shopping Center in $65 Mil Deal
1/16/09
Larkspur Landing Shopping Center, a 173k sf retail center in NoCal’s Marin County, was acquired by J. S. Rosenfield & Co for $65 mil, or about $376/sf. The property, which currently is 70 percent occupied with a tenant mix th...
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• NoCal Building Pros Launch DVC Group
1/15/09
NoCal building industry veterans Dan Hughes, Vin Smith and Cort Munselle have launched DVC Group, a professional consulting group providing planning, project management and civil engineering services catering to both the larg...
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• Overton Moore Lists 500k sf Fremont Facility for Lease
1/14/09
A team made up of brokerage pros from CB Richard Ellis and Colliers International has just been given the leasing assignment for a 506k sf industrial building in the East Bay city of Fremont that will become available on July...
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• Healthy Outlook for San Francisco Apartment Market
1/12/09
The outlook for the San Francisco apartment market in 2009 is expected to remain relatively healthy, though the threat of payroll contraction in response to the upheaval in the financial markets bears monitoring. At least tha...
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• AMB Ends 2008 with 300k sf of East Bay Leases
1/12/09
AMB Property, the big San Francisco-based industrial property owner, closed out 2008 with four East Bay warehouse lease transactions, totaling approximately 300k sf, in the month of December. At the Hathaway Industrial Park, ...
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• Industry Leader Harold A. Ellis Passes Away
1/08/09
Real estate industry icon Harold A. Ellis has passed away at the age of 77 after a battle with cancer. Ellis, who co-founded national brokerage firm Grubb & Ellis with Donald and John Grubb back in 1958, served as the company...
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• East Bay Office Market Closes Out 2008 with Sluggish 4th Quarter
1/07/09
National commercial real estate services firm CB Richard Ellis just released its fourth quarter 2008 Marketview reports for The Bay Area, a region, like much of the country, that has seen vacancies rise, while absorption has ...
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• Vallejo Apartment Community Trades for $54 Mil
1/06/09
A San Francisco-based private investment group recently paid $54.4 mil for Blue Rock Village, a 560-unit ($97.1k/unit) multifamily community in the NoCal city of Vallejo, about 30 miles northeast of San Francisco. Located at ...
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• NoCal Retail Deal Review
1/05/09
The retail brokerage specialists at Terranomics tend to be involved in many NoCal lease transactions, on behalf of the retailers and the property owners. In this report we’ll cover half a dozen recent transactions throughout ...
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• Boston Properties Secures $375 Mil Refi on Four Embarcadero Center
12/30/08
In a recent NoCal financing transaction, Boston Properties Inc refinanced Four Embarcadero Center, a 45-story, 936.4k sf office tower in the heart of San Francisco’s North Financial District. The eight-year, $375 mil loan, wh...
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• Broadway Partners Breathing Easier after Oxigene Deal
12/24/08
Our latest Bay Area deal update features four recent transactions in the region, all of which were brokered, at least on behalf of one of the parties, by NAI BT Commercial, the NoCal real estate services firm that is very act...
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• KBS Wraps Up $35 Mil of Holiday Shopping in San Jose
12/23/08
Here’s the scoop on a notable San Jose office purchase that just closed, only a couple of weeks before the year end. In this deal, Newport Beach-based KBS REIT II, a publicly offered, non-traded real estate investment trust, ...
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• Colliers International Pros Win Eight Awards at Annual NoCal SIOR Event
12/19/08
Colliers International agents scooped up awards in eight different categories at the 2008 Northern California Society of Industrial and Office Realtors (SIOR) Holiday Luncheon and Annual Awards Ceremony, held December 11th in...
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• Overton Moore Heads North in Fremont Property Buy
12/18/08
Overton Moore Properties (OMP), the big SoCal-based owner and developer of business parks, has turned its attention to Northern California with the recent acquisition of a 506k sf industrial property in the East Bay. The buil...
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• NorthMarq Arranges $50 Mil in 1st TD Money on 390-Unit Sunnyvale Asset
12/17/08
Looking for financing for NoCal multifamily acquisitions? You might want to check out these three recent deals to get a sense for what kinds of transactions are getting funded. We’ll start in Sunnyvale, where NorthMarq Capita...
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