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• Historic Burlingame Post Office Building Temporarily Relocated and Restored as Part of New Downtown Mixed-Use Project
2/24/22
Work is underway to lift and temporarily move the historic 1940s Burlingame post office building—weighing 1,010 tons—approximately 120 feet from its current location. The temporary relocation accommodates the construction of ...
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• Commercial Financing Briefs
2/22/22
CBRE CAPITAL MARKETS - Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance arranged an $80.5 mil loan for the refinancing of 224 Logistics Park, an industrial facility in Milwaukie, OR. The loan was funded th...
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• East Bay Industrial Market in 2021 Records Strongest Leasing Activity Since 2016
2/16/22
This report provided by Cushman & Wakefield
ECONOMY: California Reopening Stumbles, Industrial Does Not
The East Bay, consisting of Alameda and Contra Costa counties, recorded positive job growth with 31,000 jobs added year...
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• Safe Passages Spends $3.2 Mil on Historic Building in Downtown Oakland
2/16/22
Safe Passages, an Oakland-based non-profit, has purchased 1017 Clay Street, a three-story, 13.5k sf, historic office/retail building located in downtown Oakland, for $3.2 mil ($237/sf). The seller was a family trust.
Built i...
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• Multifamily Asset in the East Bay is Traded in $23 Mil Deal
2/16/22
Mosaic Apartments, a 62-unit apartment community located in Castro Valley, an unincorporated community in CA’s Alameda County, traded hands in a recent $23 mil ($371k/unit) transaction. The apartment community, situated on 2....
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• Canopy Health Relocates Its HQ to New Emeryville Office Space
2/10/22
Canopy Health has signed a lease to move its headquarters to 2100 Powell St, a 349.3k sf office building in Emeryville. The company will occupy 13k sf on the sixth floor beginning May 2022.
Canopy Health is a physician- and...
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• Ridge Capital Investors LLC, Contrarian Capital Management and Andell Holdings Acquire Two Multifamily Assets in the East Bay
2/07/22
Ridge Capital Investors LLC, in joint venture with Contrarian Capital Management and Andell Holdings, has acquired a two-property, 444-unit multifamily portfolio in an off-market transaction. The portfolio assets are located ...
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• San Jose Apartment Community from 1961 Sells for $379k per Unit
2/02/22
A 24-unit multifamily asset in Willow Glen, a prime submarket of San Jose, traded hands in a recent $9.1 mil ($379k/unit) transaction. The property is located at 51 Glen Eyrie Ave, south of I-280 and west of Hwy 87.
Original...
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• Pleasanton Office/R&D Campus Fetches $267/sf
2/02/22
Britannia Business Center, a 292k sf office/R&D campus in the Bay Area community of Pleasanton, traded hands for $78 mil, or $267/sf.
Britannia Business Center is positioned on 19.3 acres at 4125, 4155, 4255 and 4385 Hopyar...
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• Highbridge Equity Partners Secures $111 Mil Refi on Oakland Office Portfolio
1/31/22
Highbridge Equity Partners has obtained $111 in refi money on a 300k sf, three-building creative office portfolio in Oakland. Highbridge will apply the debt to repay existing loans and fund future improvements on the properti...
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• Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding
1/31/22
GreenRock Capital LLC (GreenRock) successfully led $103 mil in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital, located at 845 Jackson St in San Francisco. We’re told this is the largest singl...
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• San Francisco Office Market in Recovery Mode
1/28/22
This report was provided by real estate services firm Kidder Mathews
MARKET DRIVERS
The San Francisco office market is steadily recovering. While 2020 had historically low leasing activity sitting at a total of 3.7 msf comp...
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• Res Development Site Across from UC Berkeley Campus Goes for Over $21 Mil
1/28/22
A development site of 0.3 acres situated across the street from the University of California, Berkeley was acquired by an unnamed investor for $21.5 mil. The buyer plans to build an 87-unit, 232-bed student housing developmen...
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• CenterPoint Properties Buys 208k sf of Industrial Space in the East Bay
1/27/22
CenterPoint Properties recently acquired two fully-leased industrial properties totaling 208.2k sf in the San Francisco East Bay submarket of Fremont. Deal values were not given out.
The buildings are situated on 13.69 acres...
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• Belvedere’s First Housing Proposal Under New State Legislation Submitted to the City
1/27/22
The owners of Mallard Pointe submitted a final application under Senate Bill 330 to the City of Belvedere to revitalize the existing 2.8-acre site with a new, mixed-income community of 42 residences, adjacent to Belvedere Lag...
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• Rubicon Point Partners Acquires Ownership of Iconic Rotunda Building in Downtown Oakland
1/25/22
Rubicon Point Partners, a woman- and minority-owned real estate company specializing in transformative investments, has acquired a majority interest in the iconic Rotunda Building in downtown Oakland. It was sold by Rotunda P...
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• NIO USA Leases 200k sf San Jose HQ Facility
1/14/22
Electric vehicle manufacturing company NIO USA Inc has agreed to a 10-year lease for a 201.5k sf office HQ facility in San Jose. The firm will utilize the property, located at 3151 Zanker Rd, as a Research and Innovation Cent...
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• Longfellow Real Estate Partners Pays $36 Mil for Emeryville Flex/R&D Building
1/13/22
Longfellow Real Estate Partners closed on an off-market acquisition in the East Bay, paying $36 mil for a 62.9k sf ($572/sf), single-story flex/R&D building in Emeryville. The property, located on 2.27 acres at 6601 – 6603 Sh...
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• Meta Housing Breaks Ground on 142-Unit Affordable housing Project in Santa Clara
1/07/22
Meta Housing has begun work on Stony Oaks Apartments, a four-story, medium high-density community that will provide 142 units of affordable housing to the city of Santa Rosa. Located at 2542 Old Stony Point Rd, the apartment ...
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• Lane Partners Buys Industrial Property in South San Francisco
1/07/22
In a quick Bay Area sales brief, Lane Partners purchased a 70k sf, multi-tenant industrial facility for $22 mil, or $314/sf. The property, located on 2.85 acres at 275 S. Maple St, was sold by a private investment group.
We’...
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