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• Exchange Investor Sells and Buys Bay Area Apartment Properties in Deals Totaling $7.5 Mil
3/24/20
A private investor completed a 1031 exchange by selling one Bay Area multifamily property and buying another in separate deals totaling about $7.5 mil. The transactions were for an 18-unit property in Berkeley and a nine-unit...
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• Swift Real Estate Partners Spends $55.65 Mil on Bay Area Office/R&D Asset
3/18/20
Swift Real Estate Partners closed on its purchase of Hellyer Oaks Technology Park, a 347k sf office/R&D property in San Jose, for $55.65 mil ($160/sf). The transaction was financed with a $45.3 mil acquisition loan arranged b...
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• Bay Area Multifamily Asset Sells for $248 Mil
3/11/20
In an institutional-quality multifamily acquisition in the Bay Area, Acacia Capital Corporation purchased Park Hacienda, a 540-unit, garden-style apartment community within the Hacienda Business Park in Pleasanton. The asset ...
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• Vista Investment Group and Tokyu Land US Corporation Close $91 Mil Bay Area Res Buy
3/06/20
Northridge Apartments, a 221-unit garden-style apartment community in the San Francisco East Bay submarket of Pleasant Hill, was acquired by a venture between Vista Investment Group and Tokyu Land US Corporation for $91 mil, ...
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• Soma Capital Partners and Timbercreek Asset Management Buy 369k sf Office/R&D Campus in Milpitas for $130 Mil
2/26/20
Soma Capital Partners, in a joint venture with Timbercreek Asset Management, has purchased Murphy Crossing, a five-building, 368.5k sf office and Research and Development campus in Milpitas, for $130 mil ($353/sf). The transa...
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• Bridge Development Partners Completed Over $450 Mil in Acquisitions During 2019
2/25/20
Bridge Development Partners LLC has delivered nearly 1 msf of Class A industrial product and acquired more than 4.5 msf of future development across California in 2019. Across California in 2019, Bridge completed eight acquis...
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• Two Multifamily Properties in San Mateo Get New Owners in Deals Totaling $24.5 Mil
2/25/20
Two multifamily communities in San Mateo traded hands between private investors in unrelated deals totaling $24.45 mil. The assets have a combined 55 units.
One of the transactions was for 600 Mariners Island, a 24-unit apar...
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• Hines and Oaktree Capital Management Entity Acquire 445k sf Silicon Valley Office Complex
2/21/20
A venture between Hines and a subsidiary of real estate funds managed by Oaktree Capital Management L.P. has acquired Santa Clara Towers, a 445k sf property comprised of twin 11-story, Class A office towers in Santa Clara, fo...
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• Cushman & Wakefield Awarded Office Leasing Assignment for Sacramento Mega-Development
2/12/20
LDK Ventures has retained Cushman & Wakefield to provide office leasing services for The Railyards, a prominent new mixed-use development project located along the Sacramento Riverfront in Downtown Sacramento. The mega projec...
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• Old Oakland Management Assignment Awarded to Transwestern Commercial Services
2/10/20
Property management services for Old Oakland, a 238k sf, mixed-use portfolio in Oakland was just awarded to Transwestern Commercial Services. The portfolio, consisting of 10 buildings spanning Eighth to 10th Streets between B...
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• Vertical Ventures Buys Office Building in the East Bay
2/07/20
Vertical Ventures, out of Walnut Creek, has purchased the Wakefield Building, an eight-story, 56.7k sf building in the Uptown neighborhood of downtown Oakland. The historic building is located at 426 17th St, at the corner w...
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• Lincoln Property Company and Goldman Sachs Buy Creative Office Property in San Francisco
2/07/20
A partnership between Lincoln Property Company and a Goldman Sachs-related entity has purchased 1045 Sansome Street, a four-story, 90k sf creative office building in San Francisco’s North Waterfront/Jackson Square neighborhoo...
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• Trion Properties Makes 61-Unit Res Buy in San Leandro
2/07/20
Trion Properties has purchased Cedar Grove, a 61-unit multifamily community located in San Leandro, for $15 mil, or $246k/unit. Built in 1959, the property is located at 1200 Davis St, a few blocks east of I-880.
Cedar Grove...
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• Commercial Real Estate Financing Briefs
2/07/20
MERIDIAN CAPITAL GROUP - Seth Grossman, Sarah Kuebler and Eric Schleif with Meridian Capital Group arranged $45 mil in financing for McCarthy Ranch Marketplace, a 266k sf retail property in Milpitas. Located at 15-251 Ranch D...
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• Production, Distribution and Repair Building in San Francisco Sells for $850/sf
2/03/20
A joint venture between Presidio Bay Ventures and Kinship Capital purchased 200 Kansas Street, a 90.1k sf production, distribution and repair (PDR) building located in San Francisco. From what we’ve heard, the property sold f...
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• Buchanan Street Partners Makes Bay Area Office/Life Science Buy
1/30/20
Buchanan Street Partners has acquired Newark Tech Park, a 99.7k sf, two-building office and life science project in San Francisco’s East Bay, for $26.2 mil, or $263/sf. The property, located at 8000 and 8100 Jarvis Ave, was 9...
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• Construction Starts on Additional 75 Units at Sunnyvale Mixed-Use Development
1/30/20
Construction has begun on 75 new apartments at The Flats, bringing the number of homes at the luxury community in Downtown Sunnyvale to a total of 273. The 125k sf building will expand on The Flats’ existing, fully leased, 19...
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• Bay Area Development Site Sells for $6 Mil
1/28/20
A private investor paid $6 mil for a one-acre, developable land parcel in the Bay Area submarket of Redwood City. The site, located at 847 Woodside Rd, was sold by Service Corporation International.
Adam Levin and Robert Joh...
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• Bay Area Office Building Acquired by Barker Pacific Group and Iron Point Partners in $31 Mil Deal
1/22/20
Sutter Square, a 174.7k sf, nine-story office building in Concord, was acquired for $30.9 mil ($177/sf) by a joint venture between Barker Pacific Group and Iron Point Partners. The building, located at 1800 Sutter St near the...
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• Bay Area Mixed-Use Development Moves Forward with $106 Mil in Financing
1/15/20
A Windy Hill Property Ventures-led partnership has obtained $106 mil in financing for the development of 406 E 3rd Ave, a mixed- use project in San Mateo. When completed, the ground-up development will consist of 115k sf of o...
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