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• Essex Property Trust Completes Over $600 Mil in Multifamily Transactions So Far in 2025
4/07/25
Institutional multifamily owner Essex Property Trust has completed five California apartment trades totaling over $700 mil so far in 2025. The deals consist of three Northern California acquisitions for $345 mil and two South...
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• Trammell Crow Company Secures $70 in Financing for NoCal Distribution Property
3/27/25
Trammell Crow Company has landed $70.2 mil in financing for Tracy 205 Logistics Center, a 606.3k sf, Class A distribution center on 29.3 acres in the city CA city of Tracy, about 65 miles east of San Francisco.
Located at 1...
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• San Francisco Industrial Building Sells for $275/sf
3/26/25
MCA Realty Inc purchased a 40k sf, multi-tenant industrial building in San Francisco for $11 mil ($275/sf) through its MCA Realty Industrial Growth Fund II. The property, located at 1555 Burke Ave, was sold by a local private...
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• LangChain and unitQ Sign Leases at Creative Office Building in San Francisco’s SOMA District
3/19/25
Two new tenants have inked leases at 501 Second Street, a 236.9k sf, Class A creative office building in San Francisco’s SOMA district. The tenants are LangChain, an open-source software framework that facilitates the integra...
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• Doerken Properties Closes $35 Mil NoCal Retail Buy
3/18/25
In a recent Bay Area retail buy, Doerken Properties, led by Peter Doerken, has acquired Empire Shopping Center, a 123.1k sf asset in Antioch, for $34.8 mil, or $283/sf. It was sold by Dunhill Partners. The deal closed at a 6....
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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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