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First Phase of Mixed-Use Development on UC Davis Health Campus in Sacramento Nearing Completion 3/18/25 The first phase of Aggie Square, a mixed-use development situated on the UC Davis Health Campus in Sacramento, is nearing completion. The project, a development by Wexford Science + Technology in partnership with The Universi...
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KB Homes Spends $57.8 Mil on San Ramon Office Building 3/13/25 KB Homes acquired Bishop Ranch 7, a 276k sf office building in San Ramon, for $57.8 mil ($209/sf) in an all-cash deal. The three-story building is located at the corner of Camino Ramon and Executive Pkwy, within the Bishop Ra...
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Databricks Leases 150k sf Office Space in Downtown San Francisco 3/07/25 In what we’re told is the largest new office lease in San Francisco so far this year, Databricks Inc agreed to a deal for 150k sf of space at One Sansome in the city’s downtown area. Other terms of the transaction were not di...
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Federal Realty Investment Trust Buys Monterey Retail Center in $123 Mil Deal 3/07/25 Federal Realty Investment Trust closed on a large retail investment buy, paying $123.5 mil for Del Monte Shopping Center, a 675k sf ($183/sf) retail property in Monterey. The property was sold by American Assets Trust Inc.
D...
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Four California Quick Quack Car Wash Ground Lease Sales Total $12.6 Mil 3/06/25 There have been four recent California Quick Quack Car Wash ground lease sales in deals totaling just over $12.6 mil. The assets are located in the cities of La Quinta, Calexico, Imperial, and Redding. All of the assets had 2...
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Raising Cane’s Chain Spends $12.7 Mil for Retail Building in Berkeley 3/04/25 A 12.4k sf retail building in Berkeley was acquired by restaurant chain Raising Cane’s in a $12.7 mil ($1,024/sf) transaction. The property, which is currently anchored by Walgreens, will be the future location of a new flags...
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Recent Deals Bring Commercial Space Occupancy at Sunnyvale Mixed-Use Development to 80% 3/03/25 Recent leasing activity has brought the commercial space at Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, to over 80% occupied. And, the residential side is also seeing significant activity wi...
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Brixton Capital Acquires 215k sf Bay Area Shopping Center for $67 Mil 3/03/25 Brixton Capital has acquired Washington Square, a 215.5k sf shopping center in the Bay Area city of Petaluma, for $67.5 mil, or $313/sf. The eight-building property was sold by El Segundo-based Paragon Commercial Group.
Th...
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EBR Systems Leases 51k sf Bay Area R&D Facility 2/26/25 EBR Systems has leased a 51.1k sf, Class A research and development (R&D) building located at 4600 Patrick Henry Dr in Santa Clara. The company offers products that assist with cardiac rhythm disease by providing more physio...
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Multifamily Community in Modesto Fetches $276.5k/Unit 2/25/25 Summerview Apartments, a 136-unit multifamily property in California’s Central Valley, traded hands in a $37.6 mil ($276.5k/unit) transaction. The gated community is located at 3601 Prescott Rd, east of Hwy 99 and north of Hw...
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Commercial Real Estate Financing Briefs 2/21/25 CBRE - Mike Walker, Jesse Weber, Andrew Behrens and Brad Zampa with CBRE’s Debt and Structured Financing team arranged $25 mil in financing for 88 Hillside Apartments, a 95-unit multifamily community in Daly City, on behalf o...
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Upscale Res Project Finished in Mountain View 2/20/25 Avelle, a new upscale apartment community at the gateway to Mountain View in the Bay Area, has been completed and is now open. The 203-unit project, situated in the heart of Silicon Valley, includes 30 affordable homes. It wa...
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Community Preservation Partners-Led Venture Acquires 60-Unit Affordable Housing Property in Bakersfield 2/19/25 CPP (Community Preservation Partners), in partnership with Bettencourt Properties and The Beneficial Housing Foundation, has acquired Sundance Apartments, a 60-unit affordable housing complex in Bakersfield. The venture...
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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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Sacramento Area Dutch Bros Ground Lease Sells for $2.7 Mil 2/07/25 A Sacramento-based private investor paid $2.7 mil for the ground lease acquisition of a Dutch Bros retail property in Cameron Park, CA. The property has a new, 15-year, absolute triple-net corporate-guaranteed lease in place....
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Plumas Bank-Occupied Property in Truckee, CA Sells for Over $600/sf 1/31/25 A Bay Area-based private investor paid $5.275 mil for an 8.6k sf ($613/sf) property occupied by Plumas Bank in Truckee, CA. It was sold by a private investment group.
Situated on 1.22 acres at 11638 Donner Pass Rd, the prope...
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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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