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• CBRE Global Investors Buys 369k sf Class A Office Asset in San Jose
7/13/20
CBRE Global Investors has acquired 237@First, a two-building, 369k sf Class A office complex in North San Jose. The LEED Gold-certified buildings were sold by a partnership between PCCP and South Bay Development in a deal sai...
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• Second Quarter 2020 Comps on Eight Multifamily Sales in San Francisco
7/13/20
Here’s a rundown of eight San Francisco multifamily sales totaling $48 mil that closed in the second quarter of 2020. The deals, all brokered at least in part by Colliers International San Francisco pros James Devincenti, Bra...
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• Jewell Capital LLC Finds a Jewel in $22.5 Mil Bay Area Retail Purchase
7/09/20
Del Norte Marketplace, a fully leased, 64.3k sf pharmacy-anchored shopping center located in the San Francisco Bay Area community of El Cerrito, was acquired by Miami-based Jewell Capital LLC in a recent $22.5 mil deal. The t...
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• Barrett Block Partners Spends $132 Mil for San Jose Office Tower
7/02/20
Barrett Block Partners, out of Burlingame, has purchased a 15-story, 229k sf office tower in San Jose for about $132 mil ($575/sf). The building, located at 160 W. Santa Clara St, was sold by Beacon Capital Partners.
The hig...
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• Two CA Multifamily Assets Land Freddie Mac Refi Loans Totaling $208 Mil
7/02/20
In recent residential refi transactions of note, we’ve got the scoop on two CA Freddie Ma property loans totaling about $208 mil. The deals, both arranged by NKF’s Multifamily Capital Markets team, were for assets at both end...
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• Kennedy Wilson Fund VI Spends $53.5 Mil on 257k sf of Properties in South San Jose
7/01/20
Kennedy Wilson Fund VI, a commingled fund managed by Kennedy Wilson, has acquired five single-story R&D buildings and a two-story office building totaling 257k sf in South San Jose for $53.5 mil ($208/sf). The institutional q...
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• BioMed Realty Lands $165 Mil in Financing on Emeryville Life Science Building
7/01/20
BioMed Realty has obtained $165 mil in financing for 5300 Chiron Way, a 303.5k sf, Class A life science building in Emeryville. The building is located within BioMed Realty’s campus, known as the Emeryville Center of Innovati...
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• Bridge Development Partners Starts Work on 534k sf Industrial Facility in Oakland
7/01/20
Bridge Development Partners LLC has broken ground on Bridge Point Oakland - a 534.2k sf facility at 5441 International Blvd in Oakland. Once completed, the facility will be the single largest industrial development in the Cit...
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• EXAN Group Spends $95 Mil on Two San Jose Office Buildings
6/30/20
EXAN Group has acquired two buildings totaling 142.7k sf of space at District 237, a Class A office/R&D complex in North San Jose, for $95.2 mil, or $667/sf. The buildings, located at at 100 Headquarters Drive and 200 Holger ...
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• SWENSON Completes Santa Cruz Mixed-User
6/29/20
SWENSON has completed construction of Nanda on Pacific, a 119.7k sf mixed-use community in Santa Cruz. Located at 1547 Pacific Ave, Nanda consists of 79 spacious studio, one- and two-bedroom apartment units (421 sf to 1.2k sf...
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• KT Urban Buys 68 Acres in Gilroy
6/29/20
In a NoCal land buy, KT Urban paid $7.5 mil for 68.6 acres of agricultural land owned by Uesugi Farms near Gilroy. The property was sold by Uesugi Farms.
The property is located at 1020 State Route 25, east of Hwy 101 just o...
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• Overton Moore to Install 275 Charger Stations at Spec Bay Area Development
6/24/20
Overton Moore Properties (OMP) has commenced work on Phase II at Pacific Commons South (PCS) has commenced Phase II in Fremont. As part of the development, Overton Moore is undertaking one of the largest individual installati...
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• Bay Area Res Portfolio Sold in $24.7 Mil Transaction
6/23/20
A 59-unit multifamily portfolio comprised of three adjacent buildings in Santa Clara was sold in a recent $24.7 mil ($418.6k/unit) transaction. The portfolio, which was acquired in an off-market transaction, is situated near ...
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• Investor Exchanges into Two Buildings in San Francisco’s SOMA Neighborhood
6/19/20
A 1031 exchange investor paid $4.5 mil for two, adjacent mixed-use buildings in San Francisco’s SOMA neighborhood. The properties are located at 52-54 Gilbert St, off I-80 near the Bay Bridge and the city’s Mission Bay area.
...
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• Electric Utility Rate Optimization Tool from Gridium Saves $47,000 in Expenses at Bay Area Office Park
6/12/20
Gridium’s new electric utility rate optimization tool has cut approximately $47,000 in operating expenses at The Towers Emeryville, an 814k sf, Class A office park in Emeryville, which is part of a KBS client portfolio. Gridi...
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• Dewey Land Company and DivcoWest’s Spec Office Project in the Bay Area Lands $33.8 Mil in Financing
6/12/20
Dewey Land Company and DivcoWest are closer to starting work on 250 California, a spec, 44.6k sf office project in Burlingame, thanks to having just secured $33.8 mil in construction financing. The joint venture equity partn...
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• Nearon Enterprises Picks Up 155k sf Distribution Facility in Tracy, CA
6/11/20
In a NoCal industrial acquisition, Nearon Enterprises purchased Eastgate Business Park, a 155k sf property in Tracy, about 20 miles southwest of Stockton. The price was not disclosed.
Located at 1447 Mariani Ct, the property...
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• Bay Area Multifamily Property Refinanced with $33 Mil in Fannie Mae Money
6/11/20
Sausalito Investments has obtained a $33 mil refi loan on Sausalito Towers, a 90-unit multifamily property it owns in the northern Bay Area city of Sausalito. The Fannie Mae Delegated Underwriting and Servicing (DUS®) loan w...
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• San Jose BioCube Takes Over Remainder of BioTech Incubator Building
6/10/20
San Jose BioCube has taken occupancy of the 32k sf second floor of its current headquarters location, giving them the entire 68.5k sf building at 5941 Optical Ct, south of Silver Creek Valley Rd on the east side of Hwy 101. T...
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• PG&E Inks Lease / Purchase Agreement for Oakland Building
6/10/20
PG&E will be relocating its headquarters to 300 Lakeside, a 910k sf, 28-story office tower building in Oakland, from their current downtown San Francisco headquarters location. The utility agreed to a long-term lease with pur...
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