| Jay Paul Co Acquires New Luxury Bay Area Res Development in $73.5 Mil Deal
Jay Paul Co has purchased Encore, a new 90-unit luxury community in downtown Redwood City. Encore was built and sold by Sares Regis Group of Northern California and its affiliate companies in a $73.5 mil ($817k/unit) transact...
| Historic Fairmont San Francisco Lands $150 Mil Refi
The historic, 606-key Fairmont San Francisco has been refinanced with a new loan for $150 mil. The iconic hotel, listed on the National Register of Historic Places, is owned by an affiliate of Mirae Asset Global Investments.
| Kennedy Wilson Boosts Its NoCal Brokerage Presence with Three New Hires and a Promotion
There's been three new hires and one promotion at the Concord office of Kennedy Wilson Brokerage, a division of Kennedy Wilson Property Services. Serving the Bay Area, Sacramento and Central Valley in Northern California, the...
| Fully Leased East Bay Industrial Building Trades for $242/sf
Elion Partners paid $23 mil for a 95k sf ($242/sf), fully leased industrial building in Union City, in the East Bay. Originally constructed in 1979, the property is situated on 4.56 acres at 33401 Central Ave.
| Glencrest Group Buys 106-Unit Multifamily Property in NoCal
Berkshire Laurel Creek, a 106-unit, garden-style multi-housing property in the northeastern San Francisco Bay Area, was acquired by Glencrest Group. The deal was financed with a $19.11 mil Freddie Mac loan.
Located at 2751 P...
| East Bay Industrial/Office Asset Trades for $50 Mil
An institutional investor purchased a 267.5k sf, light industrial warehouse and office facility in the East Bay city of Richmond for $50.13 mil ($187/sf). The property, which is NNN-leased to a beverage distribution company, ...
| East Bay Land Acquired by Local Developer in $6.8 Mil Deal
Arnold Industrial LLC, a private developer based in the greater Bay Area, paid $6.8 mil for 13.51 acres of commercial land in the East Bay city of Concord. The land, located on Arnold Industrial Way, was acquired from Lowe’s ...
| San Leandro Multifamily Property Sells for $262k/Unit
MC Investment Partners LLC acquired an 87-unit multifamily property in the Bay Area city of San Leandro for $22.8 mil, or $262k/unit. The property, located at 2199 Bancroft Ave, was sold by Pierron Properties LLC.
Built in 1...
| NoCal Resort Property Trades in $28.5 Mil Off-Market Deal
Marina Dunes RV Resort, a 5.58-acre, 96-site resort property in Marina, CA (Monterey County), traded hands for $28.5 mil in an off-market transaction. The property was sold by a joint venture of Skya Ventures Inc and Gelt Inc...
| Santa Rosa Retail Building Acquired by a Planet Fitness Development Group in $6.3 Mil Deal
A 38k sf retail building in Santa Rosa traded for $6.3 mil, or $166/sf. The property is located at 2705 Santa Rosa Ave, south of Hwy and adjacent to the east side of Hwy 101.
The property is situated within Santa Rosa Souths...
| Silicon Valley Office/R&D Campus Trades in $104 Mil Deal
Lane Partners has purchased the Fujitsu Campus, a six-building, 313.7k sf office and R&D campus in Sunnyvale, for $104 mil, or $332/sf.
The Fujitsu Campus consists of one- and two-story buildings on over 26 acres at 1230, 12...
| SHVO and Deutsche Finance International-Led Venture Pays $650 Mil for Transamerica Pyramid Center Complex in San Francisco
The Transamerica Pyramid Center Complex in San Francisco has sold in a transaction valued at $650 mil. The asset, consisting of a three-building, 703.5k sf Class A office complex and development parcel encompassing an entire...
| Taiwanese Firm Spends $98 Mil on Silicon Valley Office/R&D Portfolio
PMP Tech, a Taipei, Taiwan-headquartered company, paid $98 mil for a six-building office/R&D portfolio in Cupertino. Fully leased to a leading global tech company, the single-tenant, Silicon Valley portfolio totals 136.1k sf ...
| San Francisco and Silicon Valley Office Markets Facing Differing Outlooks for the Short-Term
This report was provided by CBRE
While the tech industry overall has proven one of the most resilient during the pandemic, the unique composition of San Francisco and Silicon Valley’s tech sectors has led to a divergence in ...
| TMG Partners Completes Purchase of Oakland Office Building and Leases it to PG&E for their Headquarters
TMG Partners has completed its acquisition of 300 Lakeside, a 975k sf office building in Oakland. Concurrent with the purchase, TMG entered into a long-term lease with Pacific Gas and Electric Company (PG&E) to relocate the u...
| Overton Moore Properties Spends $13.5 Mil on Silicon Valley Office/R&D Asset
Overton Moore Properties paid $13.5 mil for Concourse Tech Park, a 110.1k sf ($123/sf), office/R&D building in San Jose. The property, located at 1953-1965 Concourse Drive, was sold by an unnamed family investment entity.
| Ventas Life Science and Healthcare Real Estate Fund Makes $1 Bil South San Francisco Portfolio Buy
The Ventas Life Science and Healthcare Real Estate Fund, L.P. has acquired a trophy life science portfolio in the premier South San Francisco life science cluster for $1 bil. Ventas is the Sponsor and General Partner of the f...
| Urban Land Development Gets San Francisco Planning Commission Approval for 55k sf Office Project
The San Francisco Planning Commission has approved a five-story, 55.3k sf development at 531 Bryant in the city’s central SOMA District. Urban Land Development is building the ground-up, Class A project.
The building will in...
| Columbia Property Trust Inc and Allianz Real Estate Recapitalize San Francisco Office Building in a New Joint Venture
Columbia Property Trust Inc and Allianz Real Estate have completed the formation of a joint venture to recapitalize 221 Main Street in San Francisco. Allianz contributed cash of $180 mil for a 45% ownership interest in the j...
| San Jose HQ Facility Sells for $36 Mil
A 196.6k sf, R&D/flex building in San Jose was acquired by Exeter Property Group for $36.2 mil ($184/sf). The building, located at 1710 Automation Pkwy, was previously occupied by Western Digital and is currently vacant, prov...