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May 27, 2024
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• New Silicon Valley Office/R&D Development Modified to Provide Safer/Healthier Work Environment
Lawrence Station, a brand new Class A office/R&D project being constructed in the heart of Silicon Valley, has modified its design to provide a safer and healthier working environment as companies and their employees begin re...
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• Burnham Brown Downsizes in New Oakland Lease for 32k sf
The law firm of Burnham Brown has inked a new direct lease for 32k sf of Class A office space in Oakland. The firm, whose deep roots in Oakland date back more than 100 years, has right-sized its occupancy at 1901 Harrison St ...
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• Ingka Centres Buys 264k sf Retail Center in San Francisco
Ingka Centres San Francisco LLC has acquired the 6 x 6 Building at 945 Market Street, a 264.4k sf retail center in San Francisco. The price was not given out. The property is a six-level center with a dramatic atrium linking...
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• Stockbridge Spends $127 Mil on Bay Area Life Science Campus
Stockbrige has purchased Waterfront at Harbor Bay, a six-building, 385k sf Class A office, life science and distribution campus in the East Bay, in a transaction worth $127.5 mil. The company is also in the process of acquiri...
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• Polestar Leases Pop-Up Space in San Francisco
Polestar, an electric performance car brand from Volvo, has opened a new retail pop-up shop at Macy’s Union Square on Geary Street. The new location officially opened August 12. Polestar, a design-focused electric performa...
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• Hines Global Income Trust Completes 417k sf Bay Area Industrial Acquisition
Hines Global Income Trust Inc has acquired the Advanced Manufacturing Portfolio, a 417k sf industrial and manufacturing campus in Santa Clara. The price was not disclosed, although industry sources suggest it went for between...
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• 71-Acre Sonoma County Site Listed for Sale
The Chanate Campus, a 71.6-acre, 12-parcel property in Santa Rosa, has been put on the market by the County of Sonoma. Brian Hutcherson and Mike McShea of CBRE’s Public Institutions and Education Solutions (PIES) practice and...
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• Pacific Gas and Electric Company to Sell Its 1.4 msf HQ Office Complex in Downtown San Francisco
Pacific Gas and Electric Company has listed for sale its 1.4 msf San Francisco General Office complex in downtown San Francisco. In June PG&E announced it would relocate its headquarters across the Bay to Oakland, beginning i...
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• RingCentral Dials in Renewal of Its Bay Area HQ Location
RingCentral has renewed their headquarters lease of approximately 85k sf of office space in the Bay Area city of Belmont. The company is a provider of global enterprise cloud communications, collaboration and contact center s...
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• Vertical Ventures Makes $45 Mil Silicon Valley Acquisition
Vertical Ventures acquired Sycamore Technology Center, a three-building, 213.5k sf office/R&D campus in Milpitas, for $45.5 mil ($213/sf). The asset was sold by a joint venture between affiliates of Westport Capital Partners ...
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• Miramar Capital and Machine Investment Group Buy 165k sf Office Campus in San Jose
Miramar Capital and Machine Investment Group have teamed in the purchase of Stevens Creek Executive Park, a five-building, multi-tenant, mixed-use asset totaling 165.5k sf of office and retail space with additional entitlemen...
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• Trion Properties Purchases 80-Unit Multifamily Property in the Bay Area
Trion Properties has acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, for $20.5 mil, or about $256.3k/unit. The property is located at 424 Callan Ave, west of I-580. Built in 1969, Creekside Ap...
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• Architectural Services Firm AO Acquires Sunnyvale-Based WHL Architects
Architectural services firm AO has launched a new design studio, AO Science + Technology, following its acquisition of WHL Architects, a Sunnyvale-based science and technology design firm founded in 1987 by Douglas White, AIA...
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• Trammell Crow Company Acquires 24 Acres in NoCal for Industrial Development
Trammell Crow Company (TCC) has acquired a fully entitled 24-acre site in Morgan Hill, CA, on which the firm is planning to develop up to 440k sf of light industrial space across five Class A buildings. The currently undevelo...
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• Alta Housing Starts Work on Affordable Res Community in Mountain View
Alta Housing has just broken ground on a 100% affordable residential rental community at 950 W. El Camino Real in Mountain View. The new 71-unit residential development will provide independent living for a mix of single- and...
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• Investors Trade Three Bay Area Multifamily Properties in Deals Totaling $34.3 Mil
Three Bay Area multifamily properties that were part of a six-property portfolio were acquired by one buyer in separate deals totaling $34.32 mil. The properties are in Sunnyvale, Los Gatos and San Jose. The three properties...
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• Transwestern Real Estate Services Awarded Property Management and Office Leasing Duties for Historic Oakland Tower
Jordan Real Estate Investments has awarded the property management services for the Central Building in Oakland to Transwestern Real Estate Services. The agreement includes leasing of the office space at the building, located...
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• Westcore Buys 155k sf Warehouse/Cold Storage Facility in Oakland
San Diego-based Westcore has purchased a 155k sf warehouse and cold storage facility in Oakland. The acquisition was made with a $15 mil loan arranged by CBRE Capital Markets’ Debt & Structured Finance team. Located at 8380 ...
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• Kennedy Wilson’s Latest NoCal Res Community is Now Welcoming Tenants
38° North, a newly constructed, 120-unit apartment community in the Bay Area city of Santa Rosa, has opened to the public with new tenants starting to move in. The residential project, a development of Kennedy Wilson, is nest...
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• Pulte Homes Buys 11 Acres on the San Francisco Peninsula
Pulte Homes purchased 11 acres of land positioned between San Francisco and Silicon Valley for redevelopment into a residential neighborhood of 190 homes. The property was sold by Strada Investment Group in a deal we’ve been ...
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