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• Avanath Capital Management Closes on 1,032-Unit Res Portfolio Buy in the Sacramento Area
8/08/22
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.
Th...
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• A Pine Tree-Led Venture Buys 414k sf Regional Retail Center in Sacramento
8/05/22
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...
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• Oaktree Capital Management, L.P. and MG Properties Close $320 Mil San Jose Multifamily Acquisition
8/03/22
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...
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• Diversified Healthcare Trust Spends $82 mil on Bay Area Life Sciences Asset
8/02/22
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...
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• JB Matteson Locks Up $33 Mil Refi on Sacramento Multifamily Property
8/02/22
JB Matteson has secured a $33 mil refi loan on Granite Point Apartments, a 384-unit, Class A multifamily property the company owns in Sacramento. Built in 2003, the property is located at 4500 Truxel Rd.
Granite Point Apartm...
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• Intercontinental Real Estate Corporation and Kennedy Wilson Pick Up Stockton Industrial Asset in $84 Mil Transaction
7/29/22
A joint venture between Intercontinental Real Estate Corporation and Kennedy Wilson has acquired Stockton Industrial Park, an 877.6k sf manufacturing and distribution facility in Stockton, CA, for $84 mil ($96/sf). The proper...
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• Bay Area Res Community Trades in $193 Mil Deal
7/28/22
MG Properties acquired Eleanor Apartments, a 333-unit community in the Bay Area city of Milpitas, for $193 mil, or $580k/unit. The property is located at 312 Gates Dr, just north of Montague Expy about midway between I-880 an...
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• Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
7/22/22
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
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• California Capital & Investment Group Spends $38.5 Mil on Bay Area Office Building
7/21/22
California Capital & Investment Group has acquired The Terraces in Pleasant Hill, a six-story, 134.8k sf office property in Pleasant Hill, for $38.5 mil ($286/sf). The property was sold by Eagle Canyon Capital.
Located at 23...
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• Two East Bay Sales Total $42.75 Mil
7/18/22
We’ve got two recent sales transactions from the East Bay to share, one for a self-storage facility in Fremont and the other for a multifamily community in Hayward. The deals totaled $42.75 mil and were brokered by Adam Levin...
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• San Jose Multifamily Development Lands $345 Refi Loan
7/13/22
Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
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• Novin Development Corporation Acquires 71-Unit Res Community in the Bay Area
7/08/22
Novin Development Corporation (NDC) acquired The Post, a 71-unit apartment community in the NoCal city of Pleasant Hill, for $23.15 mil ($326k/unit). The 40.8k sf apartment community acquisition was made possible through the ...
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• Cogir-Led Venture Buys NoCal Assisted Living Facility
7/05/22
A joint venture between Cogir and a national investment partner spent $39.2 mil for Cortona Park, an assisted living community in Brentwood. Cogir will operate the community and has renamed it Cogir of Brentwood.
Situated o...
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• TireHub Leases New Oakland Industrial Facility
7/05/22
TireHub, a national tire distributor cofounded by The Goodyear Tire & Rubber Company and Bridgestone Americas Inc, has pre-leased Prologis Park, a newly constructed, 58.5k sf industrial facility in Oakland. The facility is si...
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• Cannae Partners Buys 128k sf Milpitas R&D Property
7/04/22
A partnership controlled by San Francisco-based Cannae Partners purchased a freestanding, 127.6k sf R&D property in Milpitas for $32.8 mil ($257/sf). The property, located at 275 S. Hillview, was sold by Analog Devices Inc, w...
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• Single-Tenant NoCal Grocery Outlet Trades Hands for About $400/sf
7/01/22
A brand-new, 16k sf single-tenant net-leased investment occupied by Grocery Outlet in Fresno County, CA sold for $6.37 mil, or $398/sf. The deal closed at a cap rate of 4.90%.
The Grocery Outlet building is located on 2.08 ...
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• Ridge Capital Investors & Westbrook Partners Purchase Silicon Valley Industrial Facility for $45 Mil
6/30/22
A joint venture between Ridge Capital Investors & Westbrook Partners has acquired a 258.1k sf, Class A industrial facility in Silicon Valley for $45 mil, or $174/sf. The structure, located on 14.7 acres at 755 Jarvis Drive wi...
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• Bay Area Retail Center Gets New Owner in $20 Mil Sale
6/27/22
Village Shopping Center, a 67.2k sf, two-story retail center in Danville, CA, sold for $20.4 mil, or $303/sf. The buyer was Blake Griggs Properties LLC.
Built in 1977, Village Shopping Center is occupied by 32 tenants, rangi...
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• Office/Retail Building on Market Street in San Francisco Listed for Sale
6/23/22
A six-story plus basement, 50.9k sf office and retail building located on San Francisco’s Market Street has been put on the market. The property, 1049 Market, offers the buyer one of the first office-to-residential conversion...
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• Fresno Apartment Property Sells for $131k/Unit
6/21/22
The Reserve, a 76-unit community located just outside of the downtown area of Fresno, was acquired by a SoCal private investment group for $10 mil, or $131.5k/unit.
Built in 1968, The Reserve is located on 220 South Callisc...
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