| Hilton San Jose Hotel Sells in $117.5 Mil Deal
Hilton San Jose, a 353-room hotel in downtown San Jose, sold for $117.55 mil, or $333k/room. The hotel, which transferred unencumbered of an existing management agreement, was sold by Han’s Holdings Group Ltd.
The 18-story H...
| Bay Area Res Community Fetches $725k/Unit
Aperture, an 83-unit luxury apartment community in downtown San Bruno, has traded hands. The asset was sold by Sares Regis Group of Northern California (SRGNC) and its equity investment partner, The Resmark Companies, who par...
| San Francisco Office Market Review for Year-End 2019
This report was provided by real estate services firm Kidder Mathews
The San Francisco office market continues to reach new heights, as strong tenant demand remains active in one of the nation’s strongest markets. Just over...
| Bay Area Multifamily Property Acquired for $469k/Unit
Park Plaza, a 49-unit multifamily community in the Bay Area submarket of San Bruno, traded between private investors in a recent $23 mil ($469k/unit) transaction. Park Plaza is located at 2081 Whitman Way, in a San Mateo Coun...
| Glencrest Group and Angelo, Gordon & Co, L.P. Refinance 180-Unit Bay Area Res Community
A joint venture between Glencrest Group and Angelo, Gordon & Co, L.P. has obtained refinancing of $34.5 mil on Waterscape Apartments, a 180-unit, garden-style apartment community in Fairfield, CA. The loan was arranged by JLL...
| 100k sf Retail Property in Coastal NoCal Trades Hands
GRI Fairmont, LLC, an affiliate of First Washington Realty Inc, has purchased Fairmont Shopping Center, a 103k sf shopping center anchored by Safeway in the Bay Area. The property is situated on 7.46 acres at 705-799 Hickey B...
| Retail Real Estate Pro John Jay Passes at 72
It is with great sadness we report the passing of John Jay, President and COO of Oakland-based Jay-Phares Corporation (JCP). A regular on the retail panels at RENTV’s Oakland / East Bay conferences, Jay was 72 years old.
| Bay Area Office Campus Lands $126 Mil Refi Loan
In financing news out of Northern California, CBRE Capital Markets has arranged $126.2 mil in refi money on Dublin Corporate Center, a 447.8k sf, Class A office complex in Dublin. The campus, located at 4120, 4140 and 4160 Du...
| Republic Urban Properties Obtains $335 Mil in Financing for Bay Area T.O.D. Project
Republic Urban Properties LLC has secured $335.6 mil for the development of Gateway at Millbrae Station, a transit-oriented, mixed-use residential and office property adjacent to the Millbrae BART and Caltrain Stations in Mil...
| Mountain View Res Property Trades for $686k/Unit
A 59-unit multifamily townhome community in the Silicon Valley city of Mountain View was acquired by a private investor for $40.5 mil, or $686.4k/unit. Built in 1970, the property is located at 2310 Rock St, 2.2 miles away fr...
| Silicon Valley Res Development Trades for $292 Mil
NYC-based Brookfield Property Group has closed on a large multifamily acquisition in Silicon Valley, paying $292 mil for The Village Residences, a 330-unit asset in Mountain View. The property was sold by a joint venture betw...
| M31 Capital Buys Historic Building in San Francisco’s Financial District
M31 Capital has purchased a five-story, 10.4k sf building at 620 Commercial St in San Francisco’s Financial District. Although we don’t have the actual purchase price, the acquisition was financed with a $6.55 mil bridge loan...
| Draftsmen & Craftsmen
Westlake Urban and architectural firm AO have begun the stacking of Westlake’s first modular project, the San Jose Hilton Garden Inn. Located at 101 East Gish Rd, the 150-room project is comprised of 88 modular units built of...
| Trion Properties Adds 84-Unit Bay Area Multifamily Asset to Its Apartment Portfolio
Trion Properties has expanded its Bay Area portfolio with the acquisition of The Meadows, an 84-unit multifamily community located in Newark, for $27.5 mil ($327k/unit). The Meadows, located at 35750 Bettencourt St, features ...
| 857-Acre Land Parcel in Napa Valley Hits the Market
Napa Soda Springs, one of the largest continuous parcels of land in California’s Napa Valley, is available for sale for the first time in more than 40 years. The 857-acre property was once home to the preeminent Napa Soda Spr...
| Urban Land Development and Urban Land Capital Spend $94 Mil on Office/Retail Building in San Francisco’s Union Square
A joint venture between Urban Land Development and Urban Land Capital has acquired 150 Post Street, a 177.4k sf office and retail building in San Francisco’s Union Square neighborhood, in a deal reported to be worth $94 mil, ...
| Kennedy Wilson Acquire s 406k sf Bay Area Office Campus in $115 Mil Transaction
Kennedy Wilson has acquired Hamilton Landing, an institutional quality, 406k sf office campus with seven buildings across 20 acres in Marin County, for $115 mil ($283/sf). The company invested $55 mil of equity and assumed a...
| Work Started on Verizon Tech Hub in San Jose
Verizon and Hunter Storm have broken ground on Verizon’s new 640k sf technology hub at Coleman Highline—a massive, mixed-use, transit-oriented development in San Jose. The Verizon tech hub will support more than 3,000 employe...
| Z&L Properties Obtains $330 Mil in Financing for Downtown San Jose Condo Project
Z&L Properties Inc has secured $330 mil in financing for the development of 188 West St. James, a two-tower, 640-unit luxury condominium project located in downtown San Jose. The project is currently under construction on a 1...
| Historic San Francisco Office Building Refinanced with $350 Mil Loan
Kylli, Inc has obtained a $350 mil refi loan on 225 Bush Street, a historic, Class A office building totaling 580k sf in the heart of San Francisco’s Financial District. The fixed-rate loan was funded by Deutsche Bank and arr...