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• Macy’s Leases New NoCal Distribution Facility
1/22/24
Macy’s has inked a long-term lease for a new 272k sf, logistics/distribution facility in Lathrop, CA. The structure is located at 3400 W Yosemite at the Phelan Lathrop Gateway industrial park, roughly 10 miles south of Stockt...
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• City of San Francisco Signs 98k sf Industrial Lease
1/17/24
The City of San Francisco recently inked a long-term lease for 98k sf of industrial space in San Francisco. The agency will use the space, located at 2177 Jerold Ave, for the Department of Homelessness and Supportive Housing....
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• DRA Advisors and Rising Realty Partners Buy 531k sf CA Central Valley Industrial Portfolio
1/12/24
DRA Advisors and Rising Realty Partners have teamed up in the purchase of a six-building industrial portfolio totalling 531.3k sf in the CA Central Valley cities of Tracy and Stockton. The price was not disclosed.
The portfo...
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• City Center Realty Partners Buys Mixed-Use Building in San Francisco’s Marina District
1/11/24
City Center Realty Partners LLC purchased a freestanding, 4.5k sf retail and office property in San Francisco’s Marina District.
Originally built in 1907, the two-story, multi-tenant building is located at 2197 Chestnut St...
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• BKM Capital Partners Completes $31 Mil Industrial Buy in Silicon Valley
1/09/24
BKM Capital Partners has acquired Junction Business Park, a multi-tenant, light industrial property in Silicon Valley’s sought-after Golden Triangle market, for $31 mil. The San Jose property consists of two buildings totali...
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• Modesto Multifamily Community Goes for $42.7 Mil
1/05/24
Edge at Lakewood Apartments, a 196-unit apartment community in Modesto, CA, traded hands in a $42.7 mil ($217.9k/unit) transaction. We’re told that the sale, which closed at the end of December, marks the largest multifamily ...
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• Sierra Pacific Acquires 347k sf Bay Area Office Campus
12/20/23
Sierra Pacific purchased Concord Corporate Centre, a two-building, 346.7k sf corporate campus in the East Bay city of Concord. Although the price was not immediately disclosed, other news sources report the deal came in at $2...
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• Brixton Capital Buys 178k sf NoCal Shopping Center
12/19/23
In a recent NoCal retail buy, Brixton Capital acquired Monterey Plaza, a 178.2k sf shopping center in San Jose. The property was sold by a Kimco Realty joint venture with Prudential Global Investment Management for an undiscl...
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• Fresno Multifamily Property Sells for $115k/Unit as Part of Complex, Six-Property Reverse 1031 Exchange
12/13/23
College Apartments, a 40-unit multifamily property in Fresno, traded hands for $4.6 mil ($115k/unit) as the final piece of complex six-property reverse 1031 exchange transaction.
Robin Kane and Brendan Kane with The Moghareb...
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• Rani Therapeutics Inks 33k sf Lease Expansion in the Bay Area
12/12/23
Rani Therapeutics LLC, the operating subsidiary of Rani Therapeutics Holdings Inc, has signed a lease expansion for 33.3k sf of manufacturing, R&D and administrative space in Fremont. Rani is a Silicon Valley-based, clinical-...
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• Phase One of NoCal industrial Development Completed
12/12/23
Construction has been completed on the first phase of development at the Fairfield Industrial Center in Northern California. Located at 2725 Low Court in Fairfield, the first phase includes the delivery of a single Class A, 2...
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• Cityview’s Portico Res Development in Oakland Expected to be Completed this Month
12/07/23
Cityview’s 378-unit opportunity zone res project in Oakland is slated for completion in December 2023. The development, named Portico, is an upscale waterfront community located at 37 8th Ave in Brooklyn Basin’s master-planne...
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• Cushman & Wakefield Awarded 2.5 msf Commercial Property Management Assignment for the Presidio of San Francisco National Park Site
12/06/23
The Presidio Trust has awarded Cushman & Wakefield the assignment for commercial property management services for the Presidio of San Francisco, a unique national park site and National Historic Landmark at the base of the Go...
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• NoCal Res Development Lands $51 Mil in Construction Take-Out Financing
12/01/23
JLL Capital Markets has arranged $51 mil in construction takeout financing for Mossdale Landing Apartments, a recently completed, Class A, 204-unit, garden-style apartment community located in Lathrop, CA.
Completed in summe...
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• Bridge Logistics Properties Picks Up 84k sf East Bay Logistics Facility
11/21/23
Bridge Logistics Properties recently acquired an 84.5k sf warehouse property in the East Bay city of Newark. The property is located at 37580 Filbert St, west of I-880, roughly midway between San Jose and Oakland.
The proper...
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• Central CA Industrial Facility Refinanced with Loan for $42 Mil
11/21/23
A joint venture of Phelan Development and LaSalle Investment Management has refinanced a 610k sf industrial building in Lathrop with a new senior loan for $42 mil, provided by PCCP LLC. The facility sits on 26.3 acres at 1875...
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• Premier Workspaces Looks to Acquire Locations as WeWork Exits Leases Amid Bankruptcy
11/17/23
Flexible office space provider Premier Workspaces is actively exploring opportunities to acquire select coworking locations from landlords where WeWork is looking to exit leases due to the company's ongoing bankruptcy proceed...
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• Bayhill Ventures Announces Plans for 672-Unit Res Project in Downtown San Francisco
11/17/23
In news of a planned residential development for downtown San Francisco, Bayhill Ventures has submitted entitlement approvals for 530 Howard Street, a 672-unit, for-lease residential development in the city’s Transit Center D...
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• Sonoma County Hotel Project to Move Forward Thanks to $62 Mil in C-PACE Funding
11/17/23
GreenRock Capital and Petros PACE Finance have secured $62.6 mil in Commercial Property Assessed Clean Energy (C-PACE) financing for the construction of the Appellation Healdsburg hotel project in Healdsburg, CA. The project ...
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• Luxury Amenity Space Slated to Open September 2024 at San Francisco Office Tower
11/16/23
The Cove, a luxury amenity space that boasts premium hospitality services for tenants and members alike, is slated to open in September 2024 on the 7th floor at 525 Market Street in San Francisco. The Cove will be a fully-sta...
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