| Tidewater Capital Finishes New Moxy Hotel in Oakland
Tidewater Capital has completed work on Oakland’s first Moxy Hotel, a young-at-heart brand by Marriott International. The 172-room boutique hotel was developed utilizing the opportunity zone investment program. The project, w...
| Brookfield Property Partners Spends $630 Mil on Bay Area Office Asset
A Brookfield Property Partners affiliate purchased a two-building, 456.8k sf office asset in Mountain View in a $630 mil transaction. Built in 2017, the complex is leased to WeWork.
The property is located at 401 and 391 San...
| The Koll Company Spends $14.5 Mil on Bay Area Industrial Asset
The Koll Company acquired a 42.8k sf, single-tenant, NNN-leased industrial building in the San Francisco Bay Area community of Fremont. The asset was sold by BKM Capital Partners in an off-market transaction worth $14.5 mil (...
| Investor Pays $588/sf for NoCal Dialysis Clinic
A 1031 exchange investor purchased a newly constructed, 11.4k sf outpatient dialysis clinic in Watsonville, CA for $6.7 mil ($588/sf). The deal had a closing cap rate of 5.15%.
The outpatient clinic is located at 5 Nielson S...
| San Francisco Office of Avison Young Adds Veteran Tenant Rep Team
There have been some notable new hires at the San Francisco office of Avison Young. They include: Mark McGranahan, Marquard Anderson, Sean McCallum, Tim Hogan and Ross Robinson as Principals; Tyler Paratte and Jason Kreske as...
| Anton DevCo Buys Santa Cruz Development Site
Anton DevCo acquired a 1.44-acre development site in downtown Santa Cruz. The sale consisted of multiple parcels located at Laurel St and Pacific Ave. Anton DevCo recently commenced construction at the site on a new 205-unit ...
| Kilroy Realty Corporation Expected to Collect over $1 Bil from Sale of San Francisco Office Property
Kilroy Realty Corporation has signed a definitive agreement to sell The Exchange on 16th, a 750k sf office property located at 1800 Owens St in San Francisco’s Mission Bay neighborhood, for $1.08 bil, or approximately $1,440/...
| Recently Developed San Francisco Res Project Lands $104 Mil in New Financing
Panoramic Interests has locked up new financing of $104 mil on City Gardens, a recently developed, 200-unit multi-housing property located in San Francisco.
City Gardens consists of two-, four- and five-bedroom micro-units,...
| Oakland Office Building Trades in $400 Mil Deal
In a major Bay Area office trade, Mapletree Investments, out of Singapore, has purchased Uptown Station, a Class A, 397k sf office/retail building in Oakland. The 1920s-era property was sold by CIM Group in a transaction said...
| New Residential / Retail Project Approved by San Francisco Planning Commission for City’s Mission District
The San Francisco Planning Commission has approved 321 Florida, a residential and retail arts project at Florida and 16th Streets in the city’s Mission District. The project is being developed by a venture between DM Developm...
| BioScience Properties and Harrison Street Pay $40 Mil for Mountain View Building
A joint venture between BioScience Properties and Harrison Street purchased a 67k sf building in Mountain View for $40.75 mil ($608/sf). In light of strong demand for life science laboratory facilities, the buyer plans to imp...
| Signature Development Group Lands $130 Mil in Construction Money for Oakland Res Project
Signature Development Group has obtained $130 mil in construction financing for the development of Brooklyn Basin – Parcel G in Oakland. The project is fully entitled for 371 multifamily apartment homes and 31k sf of retail s...
| Black Creek Group Underway with Bay Area Distribution Project
Black Creek Group has broken ground on a new 481.5k sf industrial development in the city of Richmond. The distribution project, situated on a 34-acre site at 500 Pittsburg Ave, near the intersection of Pittsburg Ave and Rich...
| Hines Global Income Trust Spends $68 Mil on Silicon Valley Office/R&D Building
Hines Global Income Trust Inc has acquired a 129.2k sf, single-tenant office, research and development building in Santa Clara in a deal estimated to be worth $68 mil, or around $525/sf. The building is located at 5301 Patric...
| Duke Realty Moving Forward on Multiple NoCal Industrial Projects
The NoCal office of Duke Realty acquired two recently upgraded industrial facilities in Oakland, 17.4 acres of land in San Jose and 7.9 acres of land in Richmond with plans to redevelop the two sites. The company also plans t...
| Units Offered for Sale at New Affordable Housing Project in Brea
With construction now complete, sales efforts have begun at the Flats at West Village, a new 20-unit, affordable housing community in Brea. Developed by Trumark Homes in partnership with the City of Brea, the project offers a...
| Vacant Post Office Property in Burlingame to be Redeveloped into Modern Office/Retail Project
The Burlingame City Council has approved the development of a landmark project that will bring approximately 185k sf of office and retail space to the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
| Nazareth Enterprises Pays $980/sf for Retail Building in Downtown San Mateo
Nazareth Enterprises Inc has purchased a 7.5k sf retail building in downtown San Mateo for $7.35 mil ($980/sf). The property is located at 616 S B St, between Hwy 82 and Delaware St.
The property is currently leased by Ke...
| Presidio Bay Ventures Secures $80 Mil in Construction Money for San Francisco Res Development
Presidio Bay Ventures has obtained $80 mil in construction money for the development of the Ventana Residences, a 193-unit, family-centric residential project in San Francisco. The loan was arranged by Gantry.
The 193-unit, ...
| San Jose Ranked No. 1 for Office Development Opportunity
This report was provided by real estate services firm CBRE
San Jose offers the most favorable market for office construction in the U.S., according to CBRE’s U.S. Development Opportunity Index. While the metro secured the 17...