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• Sacramento Area Self-Storage Facility Trades
3/21/24
A 993-unit self-storage facility located at 6025 Park Dr in the NoCal city of Rocklin was acquired by an institutional buyer. It was sold by an affiliate of Banner Real Estate Group.
The expansive property sits on 1.72 acres...
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• Palmetto SuperFoods Inks Lease at New Building in San Francisco’s SouthPark Neighborhood
3/21/24
Palmetto Superfoods, a fast-healthy concept bridging Brazilian açaí and California vegan-focused superfoods, signed a five-year lease for 1k sf of space at 531 Bryant St in San Francisco’s South Park SoMa neighborhood. The tr...
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• Cityview Finishes Work on 378-Unit Res Project in Oakland’s Master-Planned Brooklyn Basin Area
3/20/24
Cityview has completed work on Portico – a 378-unit multifamily project in Oakland. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
Po...
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• Two New Single-Tenant Retail Properties in Merced Fetch Over $8 Mil
3/19/24
Two brand-new construction, single-tenant properties occupied by a 7-Eleven convenience store with a gas station and the adjacent Starbucks (a drive-thru-only prototype) in Merced, CA traded hands for $8.2 mil.
The properti...
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• BOMA San Francisco Awards 2024 Building of the Year to 23-Story 301 Howard Street
3/18/24
A 319k sf, 23-story Class A office tower at 301 Howard Street in San Francisco’s South Financial District has been awarded the 2024 The Outstanding Building of the Year (TOBY®) by the San Francisco chapter of the Building and...
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• Sutter Health Entity Buys NoCal Cold Storage Facility
3/11/24
A 49.8k sf warehouse and cold storage facility in Hercules, CA was acquired by a Sutter Health entity. The property, located at 200 Linus Pauling Dr, roughly 20 miles north of Oakland, features 7.7k sf of office space, six do...
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• San Francisco Mixed-Use Tower Earns Fitwell 2-Star and LEED Platinum Ratings
3/08/24
345 California Street, an iconic, newly renovated Class A mixed-use office property in San Francisco, has achieved the prestigious Fitwel 2-star and LEED Platinum ratings. Fitwel is the pioneering real estate platform driving...
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• PCCP LLC and Alliance Residential Purchase Santa Clara Res Community in $125 Mil Deal
3/07/24
A joint venture of PCCP LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community in Santa Clara for $125 mil ($498k/unit). Prado was built by SummerHill Homes and delivered in April 2021.
The...
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• Multifamily Community Near Cal State Fresno Campus Sells for $30 Mil
3/05/24
The Victor, a 232-unit multifamily community, was purchased by a Central Valley-based private investment group in a recent $30 mil ($129.3k/unit) transaction. We’re told this marks the largest multifamily transaction to close...
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• New Food-First Hotel Project Will Bring 108-Room Resort to Northern California
3/05/24
Construction has begun on Appellation Healdsburg, a 108-room hotel resort on eight acres in Healdsburg, California. The project is a development of Comstock Development, Chef Charlie Palmer and Christopher Hunsberger’s newest...
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• Santa Clara Biz Park Sees Trio of Leases Totaling 175k sf of Space
2/23/24
There have been three recent leases totaling 175k sf of R&D/manufacturing space to report at Bassett Technology Park in Santa Clara, California. A fund sponsored by Hines acquired the campus in the summer of 2020.
EOTech LLC...
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• G.W. Williams Co Picks Up 229k sf San Mateo Industrial Property in $38 Mil Transaction
2/22/24
Koll Cotton Center, a seven-building, 228.6k sf multi-tenant light industrial project in Phoenix’s Sky Harbor submarket, was acquired by San Mateo-based G.W. Williams Co in a $38 mil ($166/sf) transaction. The property was 98...
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• Supermicro Computers Spends $80 Mil on 20 Acres in San Jose
2/21/24
Supermicro Computers acquired a 19.7-acre, fully-entitled development site in San Jose in a recent $80 mil transaction. The property, located at 550 East Brokaw Rd, includes an existing 293.9k sf structure.
Previously occupi...
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• Pleasanton Retail Property Refinanced with New 12-Year Loan for $8.6 Mil
2/12/24
Oak Hills Shopping Center, a 120k sf inline retail property in Pleasanton, was refinanced with a new permanent loan for $8.6 mil. The property, located at 5410-5480 Sunol Blvd, is anchored by Raley’s grocery, with co-tenants ...
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• Marriott Courtyard Residence Inn Project in Sand City, CA Lands $67 Mil in Construction Money
2/02/24
EKN Development Group and Garn Development have obtained $67.1 mil in construction financing for the development of a 215-key, duel-branded hotel, Marriott Courtyard Residence Inn in Sand City, CA. The financing, which was ar...
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• Tidewater Capital Receives Final Approvals for Two Oakland Res Developments
1/31/24
San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown.
The 533 Kirkham ...
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• Brothers International Holding Corporation Completes $20.5 Mil Refi of San Jose Retail Property
1/30/24
Brothers International Holding Corporation has obtained a $20.5 mil refi loan for Almaden Safeway Center, a 143.5k sf, grocery-anchored retail center located in San Jose.
Almaden Safeway Center is spread across three buildi...
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• The Conservation Fund Acquires 3,650-Acre Cattle Ranch Near San Jose
1/29/24
Richmond Ranch, a 3,654-acre property near San Jose, was purchased by The Conservation Fund (TCF), a nonprofit organization committed to preserving U.S. land and water, for $16 mil. The property is a working cattle ranch with...
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• Broadcom to Sell 13 R&D Buildings Totaling Over 1 msf in Silicon Valley
1/26/24
Broadcom plans to sell the unused portion of its Palo Alto Campus at Stanford Research Park. Situated on 69.5 acres, the unused portion of Broadcom’s Palo Alto Campus at Stanford Research Park features 13 state-of-the-art R&D...
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• Sales Underway at New Bay Area Res Community
1/22/24
Sales have started for a Village Walk, a new NoCal residential community. The project, a collection of 15 new Craftsmen-style townhomes in the Bay Area city of Belmont, was developed by Regis Homes Bay Area LLC, a division of...
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