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• Unique NoCal Planned Resort Development Listing Hits the Market
2/13/25
Paraiso Springs Resort, a 235-acre fully entitled, planned luxury resort and residential retreat in California’s Santa Lucia Highlands area, has been put on the market. The seller is a private family who has owned the propert...
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• Uber HQ Complex in San Francisco Refinanced with New Loan for $500 Mil
2/12/25
A two-building, 586.2k sf office complex in San Francisco’s Mission Bay neighborhood has been refinanced with a new loan for $500 mil. The property, located at 1655 and 1725 Third St, is owned by a joint venture between affil...
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• San Francisco Res Project Lands $108 Mil in Structured Debt
2/11/25
Presidio Bay Ventures has obtained $108.3 mil in structured debt to retire maturing construction financing for the Ventana Residences, a 193-unit, Class A multifamily community located at 99 Ocean Ave in San Francisco’s Outer...
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• Investor Lands $11 Mil Refi on Two Bay Area Industrial Assets
2/10/25
A private investor refinanced two Bay Area industrial properties with a new permanent loan for $11 mil. The financing was arranged by Gantry.
One of the properties is a single-tenant industrial building at 1941 Ringwood Ave ...
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• Sigray Leases 63k sf of Space in the East Bay
1/28/25
Sigray, a manufacturer of laboratory x-ray systems, inked a lease for 63.1k sf of space in Benicia. We’re told the deal, at 5500 East 2nd St, was the second largest lease in Q4 2024 in the Napa-Solano County industrial market...
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• Former Call Center in the Bay Area Sells for $11.5 Mil
1/27/25
ATI Windows bought Green Tech Plaza, a 103.2k sf, former call center property in Fairfield, for $11.5 mil ($111/sf). Built in 2000, the property is located at 5253 Business Center Drive.
Green Tech Plaza has over 40k sf of s...
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• Metropolis Investment Holdings Pays Off $150 Mil Loan for 600k sf San Francisco Office Tower
1/24/25
345 California Center, an iconic Class A office tower totaling 600k sf over 35 floors in the heart of downtown San Francisco, is now owned debt free by its long-time owner 345 California LP, an affiliate of Metropolis Investm...
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• NoCal Multifamily Brokerage Team of Keith Manson, Zachary Greenwood and Mac Watson Joins Cushman & Wakefield
1/21/25
The veteran NoCal multifamily brokerage team of Keith Manson, Zachary Greenwood and Mac Watson has joined Cushman & Wakefield to lead the firm’s Northern California Multifamily Capital Markets. The move will enable Cushman & ...
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• Silicon Valley Office Market Sees Strong Leasing Activity and Declining Vacancy Amid Construction Slow-Down
1/15/25
This report provided by CBRE
MARKET HIGHLIGHTS
• Santa Clara County’s labor force stood at 1.03 million with 990,000 employed residents at the close of Q4 2024. The unemployment rate closed the quarter at 4.2%, a 29-basis-p...
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• Realterm Closes on 13-Property IOS Portfolio Buy
1/13/25
Realterm purchased a 13-property industrial outdoor storage (IOS) truck terminal portfolio totaling 631.6k sf across 131 acres in seven major U.S. markets. The portfolio, which is 97% leased to 10 tenants, consists primarily ...
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• Barker Pacific Group Founder and CEO Michael Barker Passes Away
1/10/25
Michael Barker, Founder and CEO of Northern California-based Barker Pacific Group, has passed away at 80 years old. Barker, who founded the company in 1983, died suddenly on Saturday, December 7, 2024, after falling while vis...
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• San Mateo Retail Center Trades in $127 Mil Transaction
1/10/25
Bridgepointe Shopping Center, a 231.7k sf community retail center in San Mateo, was acquired by a joint venture between Sterling Organization and Cohen & Steers in a $127 mil ($548/sf) transaction. The asset was sold by Nuvee...
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• Terry Bell and Joe Elliott Join CBRE
1/09/25
Terry Bell and Joe Elliott have joined CBRE, out of the firm’s Silicon Valley office. The duo specializes in leasing office, R&D, and industrial properties globally.
Bell and Elliott join from Colliers. Notable clients incl...
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• Bay Area Industrial Outdoor Storage Portfolio Acquired by Realterm in a $25 Mil Transaction
1/08/25
Realterm has purchased the Fremont Industrial Outdoor Storage (IOS) Portfolio, comprising two fully leased properties totaling 267.2k sf in the prime Fremont submarket of Silicon Valley, in a $25.875 mil deal. The portfolio c...
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• Blox Ventures Buys Loan Against Emeryville Office Building
1/06/25
San Francisco-based Blox Ventures has acquired the loan secured by the office building at 6001 Shellmound St in the Emeryville Public Market from PNC Bank, positioning the company to become the property’s new owner. The loan ...
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• Tyler Epting and Kris Hagar Join Cushman & Wakefield
1/03/25
Tyler Epting and Kris Hagar have joined Cushman & Wakefield in the firm’s Walnut Creek office, as Managing Director and Senior Director, respectively. Focused primarily on the San Francisco East Bay market, including Contra C...
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• Realterm Picks Up Two Industrial Outdoor Storage Assets in Silicon Valley
12/26/24
Realterm acquired two industrial outdoor storage (IOS) maintenance facilities in Fremont. The properties are located at 5120-5170 Brandin Ct and 44533 South Grimmer Blvd.
The properties are located in the heart of Silicon Va...
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• Bay Area Res Community Trades in $200 Mil Transaction
12/26/24
In an institutional-level, end-of-year NoCal multifamily trade, Interstate Equities Corporation acquired Summerwood Apartments, a 468-unit multifamily property in Santa Clara, in a transaction valued at $203.15 mil, or $434k/...
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• Two Alameda County Multifamily Trades Total $34 Mil
12/23/24
We’ve got news of two multifamily community sales in NoCal’s Alameda County for a combined price tag of $34 mil. The properties that traded are Vista Del Sol in Pleasanton and Islander Apartments in Alameda.
In the larger d...
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• Center for Elders’ Independence Leases 23k sf at Recently Converted Oakland Medical Office Building
12/19/24
Center for Elders’ Independence (CEI) has signed a lease for 23k sf of space at Broadway Medical Plaza, a 60k sf newly repurposed medical office building is located in the Pill Hill area of Oakland. CEI is a “PACE” provider s...
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