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• Private Investor Buys 15k sf, Multi-Tenant Pad Building at Fresno Grocery-Anchored Center
11/08/24
A private investor purchased Shops at Broadway Faire, a 15k sf, 100%-occupied multi-tenant retail property in Fresno. The pad building is situated on a 1.43-acre outparcel to a FoodMax grocery-anchored shopping center.
Built...
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• Step Up Housing Buys 240-Unit Affordable Housing Property in Richmond
11/08/24
Step Up Housing has acquired Vue at 3600, a 240-unit affordable housing property in the Bay Area city of Richmond. As part of the closing, a regulatory agreement was recorded against title requiring 180 units (75%) to be affo...
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• MBK Rental Living Finishes Work on New NoCal Multifamily Community
11/08/24
MBK Rental Living has completed the development of The Haven at Deer Creek, a Class A, 134-unit multifamily community located at 495 N McDowell Blvd in the NoCal city of Petaluma, All of the buildings have solar power.
The...
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• 100-Year-Old Apartment Building in San Francisco’s Alamo Park District Sells for $324k/Unit
11/06/24
An 18-unit trophy apartment building in San Francisco sold for $5.825 mil, or $323.6k/unit. The property is located at 655 Steiner St, three blocks east of Divisadero St on the southeast corner of Alamo Square Park.
Built in...
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• WPT Capital Advisors Entity Buys 500k sf Bay Area Industrial Asset
11/05/24
An affiliate of WPT Capital Advisors acquired a Class A, three-building, 517.9k sf industrial park in the Bay Area city of Richmond. The deal was financed with an $85 mil loan provided by PCCP LLC.
Built in 2015 and 2016, th...
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• Interior Design Work on San Francisco Bay Area Res Development Done by Nadia Geller Designs
11/04/24
The interior design installation has been completed at Portico, an eight-story, 378-unit resort-style multifamily community on the waterfront of the San Francisco Bay. Located at 37 8th Ave in Oakland, Portico is a developmen...
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• Trophy Office Tower in Downtown Sacramento Changes Hands in $117 Mil Transaction
10/31/24
PacWest Equities, an affiliate of Buzz Oates, acquired 400 Capitol Mall, a Class A, 501.3k sf trophy office tower in downtown Sacramento, for $117 mil ($233/sf) in an all-cash deal. The transaction represents the largest offi...
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• San Jose Affordable Housing Complex Refinanced with New $30 Mil Loan
10/30/24
The John Stewart Company has secured a $30.17 mil refi loan on Monte Alban Apartments, a 192-unit, garden-style affordable housing complex in San Jose. Built in 1970 and renovated in 2006, the property is located at 1324 Sant...
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• Hines Entity Buys 143k sf Medical Office Building in Sacramento
10/29/24
Sutter Medical Plaza, a 143.2k sf medical outpatient building in Sacramento, was purchased by a fund sponsored by Hines. The property, located at 1625 Stockton Blvd, sits on a five-acre parcel near Sutter Medical Center.
The...
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• Bay Area Strip Center Gets New Owner in $9 Mil Deal
10/28/24
TownCentre Capital has purchased Twin Canyon Shopping Center, a 23.1k sf, retail strip center in San Ramon, CA, for $9 mil ($390/sf). Built in 1980, Twin Canyon Shopping Center sits on 2.36 acres at 2450-2550 San Ramon Valley...
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• Hacienda Business Park in Pleasanton Sees New Signings and Increasing Occupancy
10/28/24
Hacienda Business Park, a 900-acre mixed-use job center and housing development in the Bay Area city of Pleasanton, has seen continued positive absorption, with the vacancy rate dropping to a year-low of 14.47%, down from 15....
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• Kidder Mathews Expands Brokerage in Silicon Valley with Four New Agents
10/25/24
Bob Shepherd, Paul Griffiths, Joe Swanson and Daniel Gromik have joined Kidder Mathews in Silicon Valley, as part of the firm’s strategic expansion in Northern California: Here’s more info on each:
• Bob Shepherd - executive...
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• Storage Corner Group Acquires 116k sf NoCal Self-Storage/Mixed-use Asset
10/25/24
Storage Corner Group, a Bay Area based self-storage and light-industrial focused investment firm, has obtained a $7.5 mil permanent loan for the acquisition and recapitalization of Storage Corner Marina and Marina Business Pa...
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• High-End Res Tower in San Francisco is 97% Sold
10/24/24
MIRA, a 392-unit luxury condominium tower in the East Cut neighborhood of San Francisco’s Downtown, is now 97% sold. The project, Located at 280 Spear St, just steps from the Embarcadero, was developed by Tishman Speyer and o...
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• Bay Area Multifamily Property Traded in $38 Mil Deal
10/24/24
In a recent Bay Area multifamily trade, Interstate Equities Corporation (IEC) purchased 888 Fourth St Apartments, a 108-unit recently completed mid-rise property in the heart of downtown Santa Rosa. IEC paid $38.25 mil ($350k...
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• Hawkins Way Capital Picks Up 79-Unit Student Housing Property Near UC Berkeley
10/23/24
Hawkins Way Capital LLC has purchased Varsity Berkeley, a mid-rise student housing complex located at 2024 Durant Ave in Berkeley. Constructed in 2015, Varsity Berkeley is a thriving student housing complex featuring 79 units...
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• San Francisco’s Historic Humboldt Bank Building to be Transformed from Office Space to Workforce Housing
10/18/24
San Francisco’s historic Humboldt Bank office building is set to undergo a transformation from underutilized office space into desperately-needed workforce housing. The renovation, located at 785 Market St, is a project of Fo...
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• High Street Residential Starts Work on Millbrae Residential Development
10/17/24
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has commenced construction on One Meadow Glen, a new residential community in Millbrae, a Bay Area city situated about 15 miles south of San ...
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• East Bay Single-Tenant Jack in the Box Property Sells for Over $1,500/sf
10/15/24
A private investor from Thousand Oaks paid $4 mil for a 2.6k sf ($1,538/sf), corporate single-tenant property occupied by Jack in the Box Drive-Thru in Alameda.
The drive-thru property, originally renovated in 1991, sits on ...
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• Oakland Apartment Property Sells for $293k/Unit
10/11/24
A 29-unit multifamily asset in Oakland sold for $8.5 mil, or $293k unit. The property is located at 765 Rand Ave, in Oakland's Lakeshore neighborhood between Lakeshore and Grand Avenues.
The property offers tenants access t...
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