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• Bay Area Industrial Facility Attracts $424/sf Price
7/20/21
Stephen Finn of Finn Capital purchased a 129.8k sf industrial facility in Burlingame for $55 mil ($424/sf). Built in 1957, the single-story structure is located at 1649 Adrian Rd, southeast of Millbrae Ave and adjacent to the...
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• The Bay Area Ranks as the Second Largest Market in the Hot Life Sciences Sector
7/20/21
This report was provided by CBRE
Life-science lab space has emerged as a coveted sector of commercial real estate as hefty increases in funding and employment have fueled both demand for lab space and construction of it in l...
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• TMG Partners and Goldman Sachs Acquire 446k sf Silicon Valley Office Campus
7/15/21
In a major Bay Area office investment buy, TMG Partners, in a venture with a Goldman Sachs Asset Management entity, acquired a 446k sf, Class A office campus at 350-380 Ellis St in Mountain View. The seller, NortonLifeLock, i...
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• San Francisco Bay Area Retains Top Spot on Annual “Scoring Tech Talent” from CBRE
7/15/21
This report was provided by global real estate services firm CBRE
San Francisco has retained its position as the #1 overall market on CBRE’s 2021 Scoring Tech Talent report as North American tech-talent employment weathered ...
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• San Mateo Office Campus Lands $159 Mil in New Financing
7/13/21
Clearview Business Park, a six-building creative office campus located in San Mateo, was refinanced with a $159.3 mil loan originated by Square Mile Capital Management LLC. The loan was made to Hines and an institutional join...
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• Commercial Real Estate Financing Briefs
6/30/21
CBRE - Mark McGovern and Brian Cruz of CBRE’s debt and structured finance team have arranged a $28 mil loan for the refinancing of 500 Ygnacio, an office property in Walnut Creek. Located at 500 Ygnacio Valley Rd, the 105.5k ...
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• Peninsula Land and Capital Picks Up 585k sf Silicon Valley Industrial Portfolio
6/29/21
Peninsula Land and Capital recently purchased a portfolio of R&D/flex portfolio totaling 585.5k sf across the Silicon Valley submarkets of. The properties were sold by a fund managed by DRA Advisors.
At the time of the sale,...
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• Investor Exchanges into $68 Mil of Bay Area Assets
6/29/21
A local private investor spent $68.25 mil on three acquisitions in the Bay Area. The purchases include a 65.8k sf self-storage facility in Sunnyvale, a 100-unit apartment community also in Sunnyvale, and a 38-unit apartment c...
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• Morgan Stanley Buys Bay Area Medical Office Building for Over $64 Mil
6/28/21
Morgan Stanley acquired a 106k sf, medical office building in Burlingame for $64.4 mil ($607.50/sf). The building, located at 1720 El Camino Real, was sold by Angelo Gordon & Company.
The property sits immediately adjacent t...
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• Berkeley Partners Spends $24.5 Mil on San Jose Asset
6/24/21
Berkeley Partners purchased a 54k sf R&D facility in San Jose for $24.5 mil, or $454/sf. The property was sold by Goble Properties and Cojourn Companies.
Located at 2121 and 2125 Zanker Rd, the property was originally built ...
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• Bay Area Multifamily Development to Move Forward with $131 Mil Investment
6/17/21
Square Mile Capital Management LLC originated a $131.2 mil investment to facilitate the development of Artisan Crossing, a 250-unit multifamily project located 1325 Old County Rd at in the Bay Area city of Belmont. Square Mil...
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• GI Partners Buys 370k sf Bay Area Life Sciences Campus in $155 Mil Deal
6/16/21
GI Partners acquired Mt. Eden Research Park, a six-building, R&D / life sciences campus totaling 370k sf in Hayward. The asset was sold for $155 mil ($419/sf) by BentallGreenOak, who obtained $114 mil in financing for the dea...
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• The Hudson Companies Land $78 Mil Refi on Vespaio Mixed-User in San Jose
6/16/21
The Hudson Companies have secured a $78.5 mil bridge refi loan for Vespaio, a recently constructed mixed-use project that is currently in lease up in San Jose. Located at 130 Stockton Avenue, Vespaio is comprised of 162 apart...
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• Mike Moran Joins CBRE as Vice Chairman
6/11/21
Mike Moran has joined the Palo Alto office of CBRE as Vice Chairman. Moran will focus on office and life science leasing for institutional investor clients across the San Francisco Peninsula.
“Mike has been a dominant for...
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• Invesco Advisers Buys 335k sf East Bay Portfolio for Conversion to Life Science Use
6/08/21
Invesco Advisers Inc acquired a newly developed, 335k sf, six-building portfolio in Alameda, with plans to convert the property into state-of-the-art life science use. The deal is being financed with a loan for $99.235 mil to...
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• Longfellow Real Estate Partners Acquires 236k sf Bay Area Office Complex
6/02/21
Longfellow Real Estate Partners has acquired San Mateo Bay Center, a 235.9k sf office campus in San Mateo. The transaction was financed with a $178 mil first mortgage loan provided by Mesa West Capital to recapitalize costs a...
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• Fivetran Inc Leases 80k sf in Downtown Oakland
6/02/21
Fivetran Inc, a fast-growing automated data integration company, inked a lease for 80k sf of space in Downtown Oakland. The deal is at 1221 Broadway, a 24-story, 535k sf office building at the intersection of Broadway and 12t...
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• Work Gets Underway on Wine Country Res Development
6/01/21
OSM Investment has started work on Napa Creek Village, a 48-unit multifamily housing community in the heart of wine country. Located along Napa Creek on 2.5 acres, the community will include sustainable design features and br...
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• Cityview Raises $100 Mil in Opportunity Zone Capital for Oakland Waterfront Project
5/28/21
Cityview has raised nearly $100 mil in opportunity zone capital for its Oakland Waterfront project, a 378-unit multifamily development boasting sweeping waterfront views from over 80% of the units and state-of-the-art ameniti...
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• The Plaza Suites Hotel in Santa Clara Trades Hands
5/26/21
The Plaza Suites, a 219-room hotel located at 3100 Lakeside Drive in Santa Clara, was acquired by an unnamed Bay Area investment company. The property was sold by Sierra Land Group, out of Glendale, CA.
First opened in 1991,...
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