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• Two Bay Area Seniors Housing Communities to Move Forward with $21.5 Mil in Financing
4/11/22
Calson Management has secured a $21.5 mil loan for two memory care seniors housing communities totaling 48 units in California’s Bay Area. The portfolio consists of Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park.
L...
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• San Francisco Office CRE Market Update – 1st Qtr 2022
4/06/22
Market Drivers
The San Francisco Office Market is still turning the corner with a slow, but steady recovery. In 2021 we reported 5.5 msf of leasing activity which was on track to pre-pandemic levels. This quarter we are seei...
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• Concord Multifamily Asset Lands New Owner in $31.5 Mil Transaction
4/05/22
The Lakes Apartments, a 102-unit apartment community located in the Bay Area city of Concord, traded hands in a recent deal worth $31.5 mil, or $308.8k/unit. Built in 1967, The Lakes is situated on 4.2 acres at 1818, 1819 and...
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• DivcoWest Acquires 143k sf Office Building in South San Francisco for $164 Mil
4/05/22
In January, DivcoWest acquired 5000 Shoreline, a three-story, 143.4k sf Class A office building located on approximately 8.5 waterfront acres in South San Francisco, for $164.5 mil. 5000 Shoreline was delivered vacant, making...
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• Bullock Capital Picks Up Office Properties in Oakland and San Francisco
4/04/22
Bullock Capital recently acquired two office properties in the Bay Area, one in San Francisco and the other in Oakland.
Floating-rate loans for the properties totaling $18.9 mil were arranged by JLL and funded through North...
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• Presidio Bay Closes $72 Mil Bay Area Retail Buy
3/31/22
San Francisco-based Presidio Bay closed on the purchase of Charleston Plaza, a five-building retail center totaling 132.6k sf of space in both Palo Alto and Mountain View, CA. The property, situated on an 11-acre site at 2400...
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• Downtown Oakland Creative Office Asset Trades for $500/sf
3/24/22
Bullock Capital purchased a 27.4k sf, creative office building in downtown Oakland from SpringTide Franklin LLC. The property, located at 1504 Franklin St, boasts stunning architectural details from its original construction ...
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• Nobell Foods Relocates to 66k sf Life Sciences Space in South San Francisco
3/23/22
Nobell Foods, a startup that specializes in making delicious cheese from plant-derived dairy proteins, has leased 66.2k sf of Class A office/life sciences space for its new headquarters in South San Francisco. Relocating and ...
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• Bay West Development and Forum Real Estate Group Land $284 Mil to Begin Work on 590-Unit Silicon Valley Res Project
3/23/22
Bay West Development and Forum Real Estate Group are set to move forward with development of The Maxwell, a 590-unit multifamily project situated on a 4.5-acre parcel in San Jose, after securing $284 mil in construction money...
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• Oakland Apartment Portfolio Gets New Owner in $15.8 Mil Trade
3/21/22
A three-property multifamily portfolio located in Oakland's Grand Lake neighborhood recently traded in a $15.8 mil deal. The properties total 55 units ($287.3k/unit) and are located at 344 Monte Vista Ave, 832 Erie St and 791...
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• California Investor Spends $2.3 Mil for 7-Eleven Property in the East Bay
3/21/22
A 2.4k sf 7-Eleven convenience store/gas station property in the East Bay was acquired by a CA-based private investor for $2.3 mil. Located at 3868 Delaware Dr in Fremont, the property traded at a 3.25% cap rate.
7-Eleven h...
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• Two East Bay Multifamily Sales Total $86.5 Mil
3/16/22
Ascenda Capital has purchased two apartment communities totaling 235 units in the East Bay cities of San Leandro and Hayward. The assets were both sold by Trion Properties in deals totaling $86.5 mil ($368k/unit).
The larger...
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• San Jose Industrial Complex Lands $35 Mil Refi
3/07/22
A seven-building, 337.6k sf industrial property in San Jose was refinanced with a new loan of $35 mil. Built in 1995, the property is located at 1100-1070 Commercial St.
The multi-tenant property resides on 18.6 acres and of...
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• Ryan Wagner, Matt Kroger and Brandon Geraldo Join JLL in San Francisco
3/07/22
Ryan Wagner, Matt Kroger and Brandon Geraldo have joined JLL’s San Francisco office as Senior Managing Directors, focusing on multi-housing investment advisory transactions in the San Francisco Bay Area, Northern California a...
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• Azzur Group Leases 76k sf of Life Science Space in Alameda
3/01/22
Azzur Group has leased two buildings totaling 76.3k sf of space at the Loop at Harbor Bay in Alameda. The life science company’s new space is at 1955 and 2065 North Loop Rd. Terms of the transaction were not disclosed.
Compl...
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• Bay Area Retail Center Goes for Over $600/sf
2/28/22
El Gato Village Shopping Center, a 58.5k sf shopping center in Los Gatos, was acquired by a privately held real estate investment and development company for $36 mil ($615/sf). The center consists of 20 rental units and is lo...
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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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