| Commonwealth Partners Acquires 719k sf Silicon Valley Office Campus
Commonwealth Partners purchased a four-building, 719k sf office campus in Sunnyvale’s Moffett Park neighborhood in a deal valued said to be worth over $700 mil. The campus, fully leased to Meta, was sold by Tishman Speyer.
| New Res Project in San Francisco’s Portrero Hill Neighborhood is Completed
A new 127-unit res development in San Francisco’s Potrero Hill neighborhood has opened to the public. The project, 88 at the Park, is located at 88 Arkansas St, at the corners of 17th and Arkansas Streets.
Built by First Cit...
| Work Started on 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
The Mission Rock Partners development team, a collaboration of the San Francisco Giants and Tishman Speyer, have begun construction on Parcel F, a 23-story multi-family residential tower in San Francisco’s Mission Rock neighb...
| North Palisade Partners Buys 2.24-Acre Bay Area Industrial Asset
North Palisade Partners has acquired Palisade Whitney Logistics Yard, a 2.24-acre industrial outdoor storage / multi-use yard in Fremont, CA, for roughly $8 mil.
Located at 300 Whitney Place, the industrial infill site wit...
| Bay Area Peninsula Mixed-Use Project Nearing Completion
Gateway at Millbrae Station, a mixed-use, neighborhood center located at the steps of the Millbrae BART and Caltrain stations in the Bay Area, is nearing completion. The project, a development of Republic Urban Properties an...
| Agora Realty and Management Pays $285/sf for Sacramento Area Retail Center
Agora Realty and Management purchased Antelope Marketplace, a 115.5k sf retail center located at 7901 Walerga Road in Antelope, a suburb of Sacramento, for $33 mil ($285/sf). The property was sold by Philips Edison & Company....
| Urban Land Development Starting Construction on Boutique Office Project in San Francisco
Demolition is underway for construction of 531 Bryant, the first ground-up boutique office development in the South Park neighborhood of San Francisco’s Central SoMa. The building, a development of Urban Land Development (ULD...
| Grosvenor Buys Development Site in Oakland
Grosvenor has acquired two parcels totaling 39.5k sf of space in Oakland for new development. The fully entitled land, located at 2600 Telegraph Ave, will be used for construction od 225 rental homes and 6k sf of retail, with...
| Trammell Crow Company and Clarion Partners LLC Start Work on 200k sf Bay Area Industrial Project
Trammell Crow Company and JV Partner Clarion Partners LLC have broken ground on a 205.2k sf industrial facility in Fairfield. The project, located at 2725 Low Court, is slated to be completed in the Spring of 2023.
| Silicon Valley Office Asset Sells for Over $1,100/sf
In a Silicon valley office trade, 250 Cambridge, a three-story, 34.6k sf transit-oriented office building in Palo Alto, sold for $39.3 mil, or $1,136/sf. The property includes a 29-stall on-site parking garage. Current owners...
| Westbank, Urban Community, Peterson and OPTrust Raising $1.5 Bil for Largescale, Net-Zero Initiative in San Jose
A venture comprised of Westbank, Urban Community, Peterson and OPTrust is looking to raise a capital stack of up to $1.5 bil for a largescale, net-zero initiative in San José. The partnership has enlisted a Cushman & Wakefiel...
| MBK Rental Living and Haseko Corporation Acquire 19 Acres in the Bay Area for Residential Rental Development
MBK Rental Living has purchased a 19.5-acre site in Morgan Hill for development of a 389-unit, Class A for-lease residential community named Vida at Morgan Hill. MBK partnered with Haseko Corporation in what marks the two fir...
| BD Leases 240k sf at Silicon Valley Office/R&D Campus
BD (Becton, Dickinson and Company), one of the largest medical technology companies in the world, has signed a long-term lease for 240k sf at Park Point, a creative office/R&D campus located at 115, 135 and 155 North McCarthy...
| San Francisco’s One Sansome Tower Being Repositioned by Barker Pacific Group
Citigroup Center at One Sansome, a 42-story tower in San Francisco’s Financial District, is being transformed into a new entertainment and hospitality hub for the post-pandemic resurgence by the property owner, Barker Pacific...
| Downtown Oakland Mixed-Use Asset Trades for $18.5 Mil
La Peralta Apartments, a mixed-use property consisting of 93 residential apartments and five office units in Downtown Oakland, sold for $18.5 mil. The sale closed at 4.61% cap rate.
La Peralta offered a rare opportunity to a...
| Four Corners Properties Acquires Bay Area Property for Life Sciences Redevelopment Project
Four Corners Properties acquired Shoreway Innovation Center, a seven-acre property in the Bay Area city of Belmont that the firm intends to redevelop into a new life sciences campus, centrally located in the growing life scie...
| The Bascom Group Spends $44 Mil on Two Fresno Apartment Communities
The Bascom Group has acquired two apartment communities in the Central Valley for a combined price of $44.5 mil, or $188.5k/unit, in an off-market transaction. The properties -- Casa de Luna Apartments and Casa del Sol Apartm...
| Duke Realty is Underway on a Trio of Industrial Projects in the Bay Area
Duke Realty is experiencing significant interest in three new projects in San Francisco Bay Area submarkets. The projects are:
• a 302.8k sf speculative development in San Jose
• a 153.8k sf speculative development in Richmo...
| CenterSquare Investment Management Picks Up 44k sf Sacramento Area Retail Center
CenterSquare Investment Management paid $17.25 mil for Waterman Grove Plaza, a 44.1k sf ($391/sf), value-add retail strip center in the growing Sacramento-area community of Elk Grove. The property was sold by Pacific Castle M...
| LBA Realty Buys San Francisco Industrial Property
LBA Realty has purchased 300 Toland Street, a 1.76-acre site in San Francisco that includes an existing 22.7k sf industrial building. The price was not disclosed.
The property is ideally situated in the core industrial marke...