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• East Bay Industrial Vacancy Rate Up Slightly and Expected to Continue to Rise Due to New Construction
5/05/21
This report was provided by the East Bay office of real estate services firm Cushman & Wakefield
ECONOMY: Path to Recovery Comes Into Focus
The East Bay, consisting of Alameda and Contra Costa counties, recorded a decline ...
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• Phase 3 Real Estate Partners Inc and Bain Capital Real Estate Land $400 Mil for Construction of Bay Area Life Science Campus
5/04/21
Phase 3 Real Estate Partners Inc and Bain Capital Real Estate have obtained a $400+ mil construction loan for Genesis Marina, a to-be-built, waterfront Class A+ life science campus totaling approximately 570k sf in the Bay Ar...
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• East Bay Office Complex Inks Two Deals Totaling 40k sf
4/29/21
There have been two recent leases to report at The Towers Emeryville, an 816k sf, Class A office park owned by KBS Real Estate investment Trust III in the East Bay city of Emeryville. The transactions include a new 20.3k sf l...
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• Tishman Speyer Acquires 700k sf Silicon Valley Office Campus
4/19/21
Tishman Speyer acquired a four-building, 700k sf Class A office campus in Sunnyvale, within the city’s Moffett Park submarket, in a deal estimated to be worth $365 mil. The campus, located at 1395 Crossman Ave, currently serv...
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• San Francisco Office Activity is Slowly Picking Up in 2021
4/15/21
This report was provided by Kidder Mathews Director of Research Gary Baragona
Market Drivers
San Francisco office availability rose slightly in the first quarter to 26.9% across all class types. In particular, sublease ava...
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• Bay Area Waterfront Project Lands $166 Mil in Financing
4/13/21
In a large Bay Area financing deal, NorthMarq has secured $166 mil in debt and joint venture equity for the development of The Launch, a 368-unit waterfront multifamily community in Alameda. The project represents the first j...
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• Two-Building Bay Area Portfolio Purchased by Kennedy Wilson Fund VI for $32 Mil
4/12/21
Fremont Research Center, a two-building, 115.5k sf commercial portfolio in Fremont, was acquired by Kennedy Wilson Fund VI in a $32.3 mil transaction. The complex, located at 47200 Bayside Pkwy and 3500 W Warren Ave, is curre...
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• Comstock Realty Partners and Dune Real Estate Partners Lock Up $52 Mil in Construction Money for San Francisco Redevelopment Project
4/09/21
A joint venture between affiliates of Comstock Realty Partners and Dune Real Estate Partners have obtained $52 mil in construction financing for The Maclac Building, a five-story, 108k sf PDR-zoned redevelopment project in Sa...
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• Kylli Inc Lands $750 Mil in Financing on Its Burlingame Point Office Campus in the Bay Area
4/08/21
Kylli Inc has secured $750 mil in refinancing on its Burlingame Point office campus on the San Francisco Peninsula. The new, state-of-the-art campus is LEED Gold-certified property and consists of four Class A office/R&D/lif...
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• Tidewater Capital Finishes New Moxy Hotel in Oakland
4/07/21
Tidewater Capital has completed work on Oakland’s first Moxy Hotel, a young-at-heart brand by Marriott International. The 172-room boutique hotel was developed utilizing the opportunity zone investment program. The project, w...
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• Brookfield Property Partners Spends $630 Mil on Bay Area Office Asset
4/05/21
A Brookfield Property Partners affiliate purchased a two-building, 456.8k sf office asset in Mountain View in a $630 mil transaction. Built in 2017, the complex is leased to WeWork.
The property is located at 401 and 391 San...
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• The Koll Company Spends $14.5 Mil on Bay Area Industrial Asset
3/25/21
The Koll Company acquired a 42.8k sf, single-tenant, NNN-leased industrial building in the San Francisco Bay Area community of Fremont. The asset was sold by BKM Capital Partners in an off-market transaction worth $14.5 mil (...
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• Investor Pays $588/sf for NoCal Dialysis Clinic
3/23/21
A 1031 exchange investor purchased a newly constructed, 11.4k sf outpatient dialysis clinic in Watsonville, CA for $6.7 mil ($588/sf). The deal had a closing cap rate of 5.15%.
The outpatient clinic is located at 5 Nielson S...
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• San Francisco Office of Avison Young Adds Veteran Tenant Rep Team
3/19/21
There have been some notable new hires at the San Francisco office of Avison Young. They include: Mark McGranahan, Marquard Anderson, Sean McCallum, Tim Hogan and Ross Robinson as Principals; Tyler Paratte and Jason Kreske as...
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• Anton DevCo Buys Santa Cruz Development Site
3/15/21
Anton DevCo acquired a 1.44-acre development site in downtown Santa Cruz. The sale consisted of multiple parcels located at Laurel St and Pacific Ave. Anton DevCo recently commenced construction at the site on a new 205-unit ...
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• Kilroy Realty Corporation Expected to Collect over $1 Bil from Sale of San Francisco Office Property
3/10/21
Kilroy Realty Corporation has signed a definitive agreement to sell The Exchange on 16th, a 750k sf office property located at 1800 Owens St in San Francisco’s Mission Bay neighborhood, for $1.08 bil, or approximately $1,440/...
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• Recently Developed San Francisco Res Project Lands $104 Mil in New Financing
3/09/21
Panoramic Interests has locked up new financing of $104 mil on City Gardens, a recently developed, 200-unit multi-housing property located in San Francisco.
City Gardens consists of two-, four- and five-bedroom micro-units,...
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• Oakland Office Building Trades in $400 Mil Deal
3/08/21
In a major Bay Area office trade, Mapletree Investments, out of Singapore, has purchased Uptown Station, a Class A, 397k sf office/retail building in Oakland. The 1920s-era property was sold by CIM Group in a transaction said...
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• New Residential / Retail Project Approved by San Francisco Planning Commission for City’s Mission District
3/05/21
The San Francisco Planning Commission has approved 321 Florida, a residential and retail arts project at Florida and 16th Streets in the city’s Mission District. The project is being developed by a venture between DM Developm...
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• BioScience Properties and Harrison Street Pay $40 Mil for Mountain View Building
3/04/21
A joint venture between BioScience Properties and Harrison Street purchased a 67k sf building in Mountain View for $40.75 mil ($608/sf). In light of strong demand for life science laboratory facilities, the buyer plans to imp...
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