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• Hines Interests LP and Oaktree Capital Management Break Ground on East Bay Industrial Project
5/22/24
Work has started on Milmont Industrial, a new 267k sf Class A advanced manufacturing and distribution facility in Fremont, CA. The project is being developed by a venture of Hines Interests LP and Oaktree Capital Management, ...
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• Community Preservation Partners Acquires 102-unit San Jose Senior Housing Project
5/22/24
CPP (Community Preservation Partners) has acquired Corinthian House, a 102-unit senior housing project in southwest San Jose, with plans to renovate the property. This is the fourth community in the Bay Area for CPP, jo...
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• Flexible Gilroy Building Sells for $13.8 Mil
5/17/24
A 125.6k sf commercial building on 13.7 acres in the Silicon Valley city of Gilroy traded hands in a $13.8 mil ($110/sf) transaction.
Located at 7900 Arroyo Circle, with extensive freeway frontage along Hwy 101, the propert...
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• Just Completed Res Development Brings 195 Units to South San Francisco
5/17/24
Sares Regis Group of Northern California (SRGNC) has completed construction on Celeste, a 195-unit residential development in downtown South San Francisco, adjacent to the city’s Caltrain station. The project was designed by ...
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• Fresno Self-Storage Facility Trades for $8.2 Mil
5/17/24
An affiliate of Pratt Street Capital LLC purchased a 1,085-unit self-storage facility in Fresno in a recent, $8.2 mil ($7.5k/unit) transaction. The property, Cherry Ave Self-Storage, is located on 5.74 acres at 1844 S Cherry ...
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• Retail Property in San Francisco Trades in $9.3 Mil Deal
5/06/24
Pacific Capital paid $9.35 mil for 2145 Market St, a 29.8k sf ($314/sf), trophy retail asset in San Francisco. The property was sold by a private family trust.
2145 Market is 100% leased to investment-grade tenant Walgreens...
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• Trammell Crow Company and CBRE Investment Management Finish Work on 500k sf Bay Area Biz Park
5/03/24
Trammell Crow Company and CBRE Investment Management have completed construction on Cochrane Technology Center (CTC), a 500k sf, Class A business park in the Bay Area city of Morgan Hill. The development is currently the larg...
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• Mission Rock Partners Development Team Completes Five-Acre Park in San Francisco’s China Basin Neighborhood
4/29/24
China Basin Park, a new central gathering place and regional destination in San Francisco’s Mission Rock neighborhood, has been completed and is now open to the public. The Mission Rock Partners development team is a collabor...
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• Figma Renews Lease for 98k sf of Office Space in San Francisco
4/29/24
Figma, a product design and development platform, has signed a 97.6k sf lease renewal at 760 Market Street in San Francisco. The building is owned by Phelan Building LLC.
760 Market offers high-end installations, natural lig...
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• Sacramento Gets Its First Build-To-Rent Affordable Housing Project
4/26/24
A new affordable, workforce housing development in Sacramento, Tanzanite Homes, is the city’s first Build-To-Rent (BTR) single-family home community and the first to add a mix of Accessory Dwelling Units (ADU.) Offering 211 h...
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• Bay Area Res Community Gets Recapitalized in Deal that Values the Asset at $45 Mil
4/25/24
Interstate Equities Corporation (IEC) has recapitalized The Gates at Marina, a 136-unit multifamily garden-style community in Marina, CA. The deal gives a co-mingled fund advised by New York-based Clarion Partners a majority ...
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• Work Wrapping Up on New 254-Unit Res Tower in San Francisco’s Mission Rock Neighborhood
4/25/24
Verde, a new 254-unit multifamily development in San Francisco’s Mission Rock neighborhood, has been completed and has now begun leasing. Located at 1070 Bridgeview Way, south of Oracle Park and just steps away from China Bas...
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• MBK Rental Living Wraps Up Work on New 389-Unit Res Community in Silicon Valley
4/24/24
Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community in the Silicon Valley city of Morgan Hill, has been completed and is now leasing. The project, a development of MBK Rental Living, consists of o...
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• Sacramento Office Property Acquired by Chavez Management Group in a $44 Mil Deal
4/19/24
Chavez Management Group Inc closed on the acquisition of a Sacramento office asset, paying $44.5 mil for Natomas Corporate Center, a two-building, 419k sf ($106/sf) property in the city’s South Natomas submarket. The Class A,...
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• New York Life Real Estate Investors and Bridgeton Pay $282/sf for San Francisco Office Asset
4/18/24
A venture between New York Life Real Estate Investors (“NYLREI”) and Bridgeton has acquired 410 Townsend Street, a four-story, 78k sf office building in San Francisco’s south of market (SOMA) submarket, in a transaction price...
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• Multifamily Community in the East Bay Area Traded Between Private Investors in $9 Mil Deal
4/15/24
California Villas, a 35-unit multifamily community in the East Bay Area city of Concord, traded hands for $9.15 mil ($261.4k/unit). A private buyer purchased the asset from a local private investor.
Located at 1621 Detroit A...
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• James Escarzega Joins JLL’s Hotels & Hospitality Group
4/09/24
James Escarzega has joined JLL’s Hotels & Hospitality group as a Managing Director in its San Francisco office. Escarzega will collaborate closely with John Strauss, who leads JLL’s west coast hotel efforts, and Charles Halla...
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• New Petaluma Res Project Slated to Open Summer 2024
4/03/24
The Haven at Deer Creek, a new, Class A 134-unit residential development in Petaluma, is slated to open in summer 2024 and has already begun pre-leasing. The solar-powered project, a development of MBK Rental Living, features...
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• NewMark Merrill Companies Awarded Management Assignment for Popular NoCal Retail Destination
3/29/24
Sacramento-based Tower Investments has awarded NewMark Merrill Companies the property management assignment for The Nut Tree and Nut Tree Plaza, an iconic 372.2k sf retail and entertainment destination in the NoCal city of V...
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• Urban Catalyst Lands $10.5 Mil in Financing for San Jose Mixed-Use Development
3/27/24
Urban Catalyst has obtained $10.5 mil in financing to recapitalize the land site and pre-construction costs for Icon/Echo, a mixed-use redevelopment project the company has planned for Downtown San Jose. The approximately 2.1...
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