| Sacramento Office Building Trades for $55 Mil
A partnership between Seagate Properties and Cottonwood Group purchased 925 L St, a 168.8k sf, Class A, multi-tenant office building in downtown Sacramento, for $55.1 mil ($326/sf). The property was sold by a joint venture be...
| DCG Fulfillment Leases 306k sf in Lathrop, CA
In a NoCal logistics lease, DCG Fulfillment inked a deal for 306.4k sf of space in Lathrop, about 10 miles south of Stockton. The space is part of a 610k sf industrial warehouse located at 3645 W. Yosemite Ave.
The facility ...
| TA Realty Spends $90 Mil on Bay Area Biz Park
TA Realty has purchased Green Valley Corporate Park, three newly completed, Class A industrial buildings totaling 415.1k sf of space in Fairfield, CA. The properties were sold by Panattoni for $90.5 mil ($218/sf).
| Ellis Partners Buys 87k sf R&D Campus in Sunnyvale
Ellis Partners purchased an 87.1k sf value-add R&D campus in Sunnyvale for an undisclosed amount. The campus, located at 333 and 385 Moffett Park, is comprised of a 75.9k sf two-story building and an 11.2k sf one-story buildi...
| Sacramento Office Building Trades for Just Over $9 Mil
Locally-based Bardis & Miry Development paid $9.05 mil for Executive Commons, a 47k sf ($192.50/sf), two-story office building in Sacramento. Located at 350 University Ave, the multi-tenant property was 95% leased at the time...
| Two-Property San Jose Res Portfolio Goes for $350k/Unit
A two-property, 118-unit senior affordable housing portfolio in San Jose traded hands in a recent $41.25 mil ($349.7k/unit) transaction. The assets -- Monte Vista Gardens Senior 1 and 2 -- were sold by ROEM Development, who b...
| Sares Regis Group and Caltrain Land Approval for 191-Unit Res Development at the Hayward Park Train Station
In a public/private partnership, Sares Regis Group of Northern California (SRGNC) and Caltrain have gained approval from the San Mateo Planning Commission for a new apartment community called Hayward Park Transit Oriented Dev...
| Silicon Valley Medical Office Building Sells for $552/sf
A 35.3k sf medical office building in San Jose was purchased for $19.5 mil ($552/sf) by the property’s current tenant, El Camino Health. The building, located at 625 Lincoln Ave, was sold by The Sobrato Organization.
| STAG Industrial Purchases 234k sf Fresno Industrial Property for $30 Mil
STAG Industrial, a publicly traded REIT, paid $30.04 mil for a 233.8k sf industrial asset occupied by Caro Nut in Fresno. The property was sold by Caro Nut, a producer of nuts and nut butters for blue-chip retail customers su...
| American Capital Group to Begin Construction on Res Development in West Sacramento
Construction of Kinect @ Southport, a new, 322-unit suburban community located in the highly desirable West Sacramento submarket, is set to begin now that American Capital Group, the developer, has received funding for the pr...
| Dollinger Properties Lands $97 Mil in Take-Out Financing on New Silicon Valley Office Building
Dollinger Properties has locked $97 mil of new permanent financing to retire construction debt for a 152k sf, four-story, LEED Gold certified office building in Sunnyvale’s Peery Park office district. The non-recourse, balanc...
| E&S Ring Lands $46 Mil of Refi Loans on Trio of Bay Area Res Properties
E&S Ring has secured $46 mil in refi loans on a three-property multifamily portfolio in Pleasanton, CA. The garden-style portfolio consists of a combined 274 units and features community amenities including swimming pools and...
| SummerHill Apartment Communities Wraps Up Work on New Multifamily Project in South San Francisco
Nine88, a new mixed-use, multifamily community situated in the heart of South San Francisco, has been completed and has officially opened its doors to the public. The 172-unit project, a development of SummerHill Apartment Co...
| Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Aug 19 Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Venture between ProEquity Asset Management Corporation and Solaris Capital buys 245k sf asset in sale/leaseback deal with Blue Shield of Californ...
| MCA Realty Spends Just Over $10 Mil on Sacramento Industrial Portfolio
MCA Realty has purchased a small-bay industrial portfolio in Sacramento for $10.2 mil. The acquisition consists of three properties totaling 82.6k sf ($123/sf) of space.
The newly acquired portfolio is currently 100% occupie...
| MG Properties Group Buys Two Sacramento Multifamily Properties
MG Properties Group is further expanding its Sacramento presence with the acquisition of Eleanor and H16 Midtown Apartments, two multifamily communities totaling 190 units. The price was not given out.
The two newly combined...
| Avanath Capital Management Closes on 1,032-Unit Res Portfolio Buy in the Sacramento Area
Avanath Capital Management LLC has acquired six affordable family and senior multifamily communities totaling 1,032 units in the Sacramento metropolitan area in an off-market transaction valued at more than $181.6 mil.
| A Pine Tree-Led Venture Buys 414k sf Regional Retail Center in Sacramento
A venture between Pine Tree and a pension fund purchased Delta Shores, a 414.7k sf regional shopping center in Sacramento, for $122.5 mil ($295/sf). Located at 8270 Delta Shores Cir S, major tenants at the center include Dick...
| Oaktree Capital Management, L.P. and MG Properties Close $320 Mil San Jose Multifamily Acquisition
A joint venture made up of funds managed by Oaktree Capital Management, L.P. and MG Properties has purchased The Platform Urban Apartments, a 551-unit multifamily community in San Jose, in a $320 mil transaction. Completed in...
| Diversified Healthcare Trust Spends $82 mil on Bay Area Life Sciences Asset
Diversified Healthcare Trust (DHC) purchased Fremont Labs, a recently renovated, 89k sf Class A life sciences property in Fremont, for $82 mil ($921/sf).
Fremont Labs is positioned on a 4.7-acre site at 47071 Bayside Pkwy w...