| JB Matteson Locks Up $33 Mil Refi on Sacramento Multifamily Property
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...
| Intercontinental Real Estate Corporation and Kennedy Wilson Pick Up Stockton Industrial Asset in $84 Mil Transaction
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...
| Bay Area Res Community Trades in $193 Mil Deal
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...
| Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
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...
| California Capital & Investment Group Spends $38.5 Mil on Bay Area Office Building
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...
| Two East Bay Sales Total $42.75 Mil
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...
| San Jose Multifamily Development Lands $345 Refi Loan
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...
| Novin Development Corporation Acquires 71-Unit Res Community in the Bay Area
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 ...
| Cogir-Led Venture Buys NoCal Assisted Living Facility
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.
| TireHub Leases New Oakland Industrial Facility
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...
| Cannae Partners Buys 128k sf Milpitas R&D Property
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...
| Single-Tenant NoCal Grocery Outlet Trades Hands for About $400/sf
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 ...
| Ridge Capital Investors & Westbrook Partners Purchase Silicon Valley Industrial Facility for $45 Mil
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...
| Bay Area Retail Center Gets New Owner in $20 Mil Sale
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...
| Office/Retail Building on Market Street in San Francisco Listed for Sale
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...
| Fresno Apartment Property Sells for $131k/Unit
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...
| Investors Trade 27-Unit Apartment Building in the East Bay
The Point apartments, a multifamily apartment building in Point Richmond, CA, was acquired by a private investor for $14.97 mil. The 28.5k sf property, located at 401-403 South Garrard Blvd, 13 miles northwest of downtown Oak...
| Invesco Closes on 410k sf NoCal Industrial Pick-Up
In a notable NoCal industrial acquisition, Invesco purchased Butterfield 5 Technology Park, a five-building, 410k sf Class A industrial park in Morgan Hill. The property, just completed in 2022, was sold by Trammell Crow Comp...
| Historic Ford Point R&D Campus in Richmond Sells in $104 Mil Deal
Ford Point, a historic 478.8k sf, high-end creative R&D asset in Richmond, CA, was acquired by New York-based Madison Capital and Meadow Partners in a $103.7 mil ($217/sf) transaction. The landmark waterfront property was sol...
| San Leandro Office Campus Trades
Creekside Plaza Office Park, a three building, 227.8k sf Class A multi-tenant office campus plus a development site in San Leandro, was acquired by an unnamed institutional investor. The price was not given out.
Built in pha...