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30-Unit Fremont Apartment Fetches Nearly $5 Mil 3/18/09 A 30-unit luxury apartment complex in Fremont was acquired for $4.8 mil ($160k/unit). The property is located at 35955 Fremont Blvd, east of I-880 in the East Bay city of Fremont. Michael Henshaw of CB Richard Ellis and Micha...
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Activity Update from Oakland City Center 3/13/09 Here’s an update on the latest leasing activity at Oakland City Center, Shorenstein Realty Services’ mixed-use business campus that encompasses more than 1.5 msf of office space, along with 18 restaurants and food outlets, mo...
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Engineering Firms Take East Bay Office Space 3/11/09 V&A Engineering signed a 10-year lease for 8.4k sf of office space at 155 Grand Ave, south of I-580 and east of I-980 in Oakland, for its corporate headquarters. The value of the lease was not disclosed.
V&A Engineering, w...
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NAI BT Commercial Shows Why They’re a LEED-ing Company in the Bay Area 3/06/09 NAI BT Commercial's San Francisco office was selected as a Green Building of America Award-winning project and will be featured in the upcoming special Real Estate & Construction Review-Northwest Green Success Stories edition...
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Here’s Your Chance for a Union Square Deal on a San Francisco Retail Property 3/05/09 Even in these changing economic times it’s still tough to find a more desirable retail location than San Francisco’s Union Square. So, when we learned of this investment opportunity in the area, we thought you might also want...
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NAI BT Commercial to Participate in Commercial Property PowerSale 3/03/09 NoCal-based NAI BT Commercial has elected to participate in Commercial Property PowerSale™, an Accelerated Marketing Program created by NAI Global, the international real estate services network, to help property owners and f...
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Hayward Scores with New Indoor Soccer Stadium 2/27/09 In news of a more unique Bay Area development about to wrap up, Futsal Republic will open the first futsal (five-a-side indoor soccer) stadium in Hayward and the first on the I-880 corridor. The 18k sf project is located at 2...
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East Bay Multifamily Comps 2/26/09 Looking for East Bay apartment comps? We’ve got five recent deals to share with you, all of which were brokered, at least in part, by regional brokerage firm NAI BT Commercial. We’ll start in Oakland, where investors paid $1....
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NoCal Activity Update 2/24/09 SAN MATEO (San Mateo County) – NR2B Research, a developer of multiplayer online games, inked a lease for 49.8k sf of office space at 475 Concar Dr. NR2B leased the entire second floor office portion of the two-story mixed-use...
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Menlo Park Industrial Property Sells for $8.6 Mil 2/20/09 A recent Menlo Park investment acquisition saw a 54k sf industrial/R&D property trade hands at a price of $8.6 mil ($159/sf). The single-story facility is located at 4085 Campbell Ave, south of the 101 Fwy and east of Marsh R...
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Colliers International Pros Provide Insight on Silicon Valley Commercial Real Estate 2/19/09 Colliers International's recent Silicon Valley Trends 2009 conference, the firm’s 10th annual commercial real estate forecast, provided an outlook on Silicon Valley's commercial real estate market and some thoughts on efforts...
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Black and Weissmann Join Up with CBRE’s San Jose Office 2/12/09 NoCal veteran brokerage pros Jeffrey Black and Burke Weismann have joined the San Jose office of CB Richard Ellis. Both men have been consistent top performers at Grubb & Ellis and bring over 30 years experience with them to...
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NoCal Deal Briefs 2/10/09 SAN JOSE (Santa Clara County) -- ZF Array Technology Inc agreed to a $1.53 mil, 66-month renewal for its 32.8k sf ($0.71/sf/mo) office/industrial space at 1965 Concourse Dr, within Fortune Technology Park. ZF Array Technology...
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Silicon Valley Office Building takes the LEED in New Development 2/09/09 One of the first new office buildings in Cupertino to achieve LEED-silver specifications is now ready for occupancy. Called Cupertino Crossing, the 102.4k sf, two-story building is located at 10900 North Tantau Ave, west of ...
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PCCP Adds Another Page to Its Note Book 2/05/09 In an unusual note acquisition, PCCP LLC purchased the A note on a loan previously held by Column Financial and secured by two Bay Area hotels owned by The Carlyle Group. PCCP acquired the B note of the same loan from Column ...
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Gilead Sciences Completes $137 Mil Foster City HQ Campus Buy 2/03/09 Biopharmaceutical company Gilead Sciences closed on its purchase of a 35-acre HQ campus in Foster City from EFI for $137.5 mil. The property, which was first put on the market last May, consists of a 163k sf building occupied...
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G.W. Williams Closes $39 Mil Recapitalization of NoCal Multifamily Assets 1/30/09 In a notable NoCal multifamily financing deal, San Mateo-based G.W. Williams Co recapitalized a four-property, 600-unit portfolio in the Sacramento and Silicon Valley regions. The $39 mil transaction was actually a fixed-rat...
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San Francisco Office Activity Slows Dramatically 1/30/09 Here’s a brief 4th Quarter 2008 report on the San Francisco office market, provided by Michael Tobin, a Director at Pacific Union Commercial Brokerage.
Absorption: The office market recorded its third consecutive quarter of ...
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Sluggish Tech Sector to Slow San Jose Apartment Market 1/29/09 In the coming year, San Jose’s apartment market is expected to be impacted by the continued turmoil in the financial markets and by a tough employment market faced with a sluggish technology sector, according to the 2009 Nati...
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NoCal’s C&C Forms Capital Advisory Group 1/29/09 NoCal regional real estate services firm Cornish & Carey has launched a new special assets services division within the C&C Capital group, called C&C Capital Advisors. Led by C&C Capital founders Brad Zampa and Matthew Gum, ...
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