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• Commercial Financing Briefs
2/03/21
BERKADIA -- Allan Freedman and Nick Provost with Berkadia secured a $65.6 mil refi loan on Laguna Serrano Apartments, a garden-style multifamily property located in Laguna Niguel, on behalf of an undisclosed California-based ...
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• BentallGreenOak Buys 600k sf Bay Area Warehouse Property
1/26/21
BentallGreenOak purchased North Bay Logistics Center, a 607.2k sf, fully net-leased distribution warehouse in the San Francisco Bay Area city of Fairfield. The price was not disclosed.
North Bay Logistics Center was complete...
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• CIP Real Estate Closes $33 Mil Industrial Buy in the East Bay
1/25/21
CIP Real Estate LLC has acquired Cabot Business Park, a “best in class” flex/industrial park located at 23575, 23595, 23785 Cabot Blvd and 3777 Depot Rd in Hayward. The 140k sf asset was sold by a partnership of Canyon Partne...
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• Construction Started on Affordable Housing Community in Santa Clara
1/20/21
Construction is underway on a new 196-unit, 100% affordable-housing community developed by St. Anton Communities at 2233 Calle Del Mundo in the City of Santa Clara. Called St. Anton Tasman, the transit-oriented development is...
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• City of Oakland Buys 63-Unit Former College Dormitory Property for $13 Mil
1/19/21
Clifton Hall, a 63-unit former college dormitory in Oakland’s Rockridge neighborhood, sold for $13 mil, or $206k per unit. The property, located at 5276 Broadway, was purchased by the City of Oakland for use as interim and pe...
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• Toda America Dublin Down on Tri-Valley Office Market
1/18/21
Hites Plaza, a 120.2k sf, Class A office building in the Bay Area’s Tri-Valley region, was acquired by Toda America for $34.7 mil, or $289/sf. The four-story building is located at 5601 Arnold Rd, north of I-580 and east of I...
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• Alta Housing Breaks Ground on Palo Alto Affordable Housing Project
1/18/21
Alta Housing (formerly Palo Alto Housing ) has broken ground on Wilton Court, a new 100% affordable residential rental community in Palo Alto. The new 59-unit residential development, located at 3705 El Camino Real, will pro...
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• Minkoff Group Secures $114 Mil for Development of 180k sf Silicon Valley Office Project
1/15/21
Minkoff Group, a Silicon Valley-based developer led by Daniel Minkoff and Will Birdsey, has obtained a $114 mil construction loan for the development of 100 Altair, a 180k sf office building to be built in Sunnyvale. Square M...
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• Commercial Financing Briefs
1/13/21
HIGHLAND REALTY CAPITAL – Brad Sevier of Highland Realty Capital secured a $63 mil fixed-rate loan for the acquisition of a 400k sf, Class A warehouse distribution building in Los Angeles County. The non-recourse loan was pr...
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• Prologis Buys Bay Area Industrial Dev Site
1/11/21
Prologis has acquired Shaw Business Center, an 8.2-acre site in a strategic South San Francisco location.
Located at 200-212 Shaw Rd, 214-218 Shaw Rd and 1264-1272 San Mateo Ave, the property is adjacent to San Francisco Int...
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• Palo Alto R&D Property Acquired by Graymark Capital
1/08/21
Graymark Capital acquired a vacant, single-story office/R&D asset in Palo Alto. The property was recently vacated by a medical device company building a digital surgery platform.
The two-building, 24k sf complex is located ...
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• Thor Equities Spends $50 Mil on 96k sf Silicon Valley Office Building
1/04/21
Thor Equities has purchased a 96.5k sf building within District 237 in San Jose for $50.5 mil ($523/sf). The building, located at 350 Holger Way, was sold by KBS Real Estate Investment Trust II.
350 Holger Way, a three-story...
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• Affordable Res Community in Redwood City is Welcoming Its First Tenants
12/24/20
Fair Oaks Commons, a new, 100% affordable residential rental community in Redwood City, has been completed and is now welcoming tenants. The project, located at 2821 El Camino Real, is a development of Alta Housing.
The new,...
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• Construction Started on Medical Office Building in El Dorado Hills
12/21/20
Construction is underway on a new ground-up medical office building in El Dorado Hills, an affluent submarket of Sacramento. The mostly speculative, Class A project, located at 8105 Saratoga Way, is owned by a medical group t...
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• TA Realty Pays Over $300/sf for San Jose Industrial Asset
12/16/20
TA Realty has purchased a fully leased, 82.9k sf industrial property in San Jose for $26.6 mil, or $321/sf. The newly constructed property, located at 2144 Oakland Rd, is leased to The County of Santa Clara.
The building fe...
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• Hometown America Buys 200-Site Manufactured Home Community in the East Bay
12/14/20
Hometown America has acquired the 200-site Eden Roc manufactured home community in the San Francisco Bay Area city of Hayward. The purchase was financed with a $17.5 mil acquisition loan.
Situated on 21 acres, the Class A Ed...
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• East Bay Industrial Asset Gets New Owner in $20.7 Mil Deal
12/11/20
A 102.1k sf, light Industrial project in Hayward sold for $20.75 mil, or $203 per sf. The property, located at 3340 Arden Rd, includes three multi-tenant light industrial buildings which were at 87% occupancy at the time of t...
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• Fremont Multifamily Asset Sells for $19.5 Mil
12/09/20
Niles Station, a 94-unit multifamily property in the East Bay city of Fremont, was purchased by Riaz Capital in a $19.5 mil ($207.5k/unit) deal. Riaz is an experienced developer and operator of multifamily apartment buildings...
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• R&D Building in San Francisco’s Mission District Fetches $925/sf
12/07/20
A 24k sf R&D building in San Francisco’s Mission District has sold for $22.2 mil ($925/sf). The property is fully leased to Ouster, a leading developer and manufacturer of lidar technology.
Located at 2741 16th St, the prope...
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• Beacon Capital Partners Entity Buys Emeryville Life Science / Office Property
12/04/20
An affiliate of Beacon Capital Partners purchased Hollis Business Center, a two-building, Class A office and life science conversion opportunity in Emeryville. The property, located at 6401 Hollis St and 1480 64th St, is curr...
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