|
• Diversyfund Buys 61-Unit Multifamily Asset in Monterey County
3/24/23
In a NoCal res buy, Diversyfund purchased The Independent, a Class A, 61-unit multi-housing asset located in Sand City, within Monterey County. The deal was financed with an acquisition loan for $13.1 mil.
Situated at 600 Or...
|
• Volwood Management Buys Bay Area Office Building in $12.8 Mil Deal
3/21/23
Volwood Management acquired 25 Orinda Way, a 28.9k sf, boutique, Class A office building in the East Bay city of Orinda, for $12.8 mil, or $443/sf.
Built in 1974 and renovated in 2018, the three-story 25 Orinda Way is curr...
|
• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
|
• Oakland’s Historic Palace Theater Trades in $2.2 Mil Deal
3/15/23
The historic Palace Theater in Oakland was acquired by BayTech Charter School for use as a new location for BayTech Charter School, or the Bay Area Technology School. The property, located at 1445 23rd Ave, fetched $2.2 mil.
...
|
• Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
3/09/23
Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Ba...
|
• Two-Tenant Retail Pad Property in the Sacramento Area Sells for $843/sf
3/07/23
A new construction, 4.8k sf two-tenant Chipotle Mexican Grill Drive-Thru pad at Freedom Point Plaza in Roseville sold for $4.045 mil ($843/sf). Freedom Point Plaza is anchored by TopGolf and Living Spaces.
The pad property,...
|
• Longfellow Real Estate Partners to Develop 315k sf Life Sciences Project in the Bay Area
3/06/23
Longfellow Real Estate Partners has obtained a $310 mil construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315k sf at the Bart and Caltrain station in t...
|
• Solidigm Inks Lease for 170k sf in Rancho Cordova
3/03/23
Solidigm, a leading global semiconductor company, has signed a 170k sf lease at White Rock Corporate Campus, a five-building, suburban office property in the Highway 50 Corridor in Rancho Cordova. The location will serve as S...
|
• Vestar to Manage Hacienda Crossings Retail Property in Dublin
3/01/23
PNC Realty Investors has retained Vestar to provide management, leasing and marketing services for Hacienda Crossing, a 438.5k sf, mixed-use power center in the Bay Area city of Dublin.
Hacienda Crossings is located at 4820-...
|
• Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield
3/01/23
Stanford University has awarded a 14-building, 1.1 msf office portfolio in addition to a 7 msf NNN ground lease portfolio to Cushman & Wakefield’s Northern California Asset Services team. The properties are located in one of ...
|
• South San Francisco Hotel Fetches $182k/Room
2/28/23
A Laxmi Hospitality LLC affiliate closed on a South San Francisco hotel buy, paying about $31 mil for La Quinta by Wyndham Hotel, a 170-room ($182k/unit) property. The hotel is situated on 1.3 acres at 20 Airport Blvd, on the...
|
• Exchange Investor Pays $550/sf Single-Tenant Building in San Jose
2/17/23
An 8k sf, single-tenant building NNN-leased to Citibank in San Jose traded for $4.4 mil, or $550/sf. The property, located at 3510 Leigh Ave, just north of Hillsdale Ave, is 100% leased to Citibank, which has six years of lea...
|
• Vivani Leases Life Science Building in the East Bay
2/15/23
Biopharmaceutical company Vivani has signed a 43.6k sf, full building lease at 1350 South Loop, within the Radius @ Harbor Bay campus, a nearly 700k sf life science and innovation campus located in Alameda. Terms of the deal ...
|
• Nelson Rising Passes at 81
2/10/23
Nelson Rising, a Los Angeles-based real estate developer and political and civic leader who helped shape the built and political environment of leading California cities, died yesterday, February 9, 2023 at his home in Pasade...
|
• Sacramento Area Office Building Sells for Over $10 Mil
2/10/23
A 69.4k sf office building in Rocklin, CA traded for $10.24 mil, or $148/sf. The two-story, Class A building, located at 1400 West Stanford Ranch, was acquired by an unnamed government agency.
Constructed in 2007, the buildi...
|
• Taipei Economic and Cultural Office Spends $52.8 Mil on San Francisco Office Building
2/09/23
Taipei Economic and Cultural Office (TECO) has acquired a brand new, 56k sf Class A office building in San Francisco’s South of Market (SoMa) neighborhood for $52.8 mil ($943/sf). The seven-story building, designed by Stanton...
|
• Trion Properties Spends $23.6 Mil on Sacramento Multifamily Property
1/25/23
In a recent Sacramento res buy, Trion Properties paid $23.6 mil for Courtyard at Artisan Square, a 104-unit ($227/sf) community. The property is located at 1503 Fulton Ave, within the Arden-Arcade submarket.
Constructed in 1...
|
• Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills
1/24/23
Marshall Medical Center and PATRA have agreed to take 75% of the space vacated by Blue Shield following the insurer’s sale-leaseback of The Ridge at Town Center West to ProEquity Asset Management and Miami-based Solaris Capit...
|
• 91k sf Retail Center in the East Bay Gets New Owner
1/20/23
In an East Bay retail trade, Balboa Retail Partners purchased Pinole Square, a 91k sf retail community center in Pinole, roughly 17 miles north of Oakland. The property is located at 1201-1577 Tara Hills Dr, on the northwest ...
|
• BentallGreenOak Buys Newly Constructed Sacramento Industrial Project
1/18/23
BentallGreenOak acquired Metro Air Park Logistics Center - Phase I, consisting of two new Class A industrial buildings totaling 308.8k sf in Sacramento. The asset was sold by Badiee Development in a deal said to be worth arou...
|
Return to the Northern California area
