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June 25, 2024
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NORTHERN CALIFORNIA NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  221
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• G.W. Williams Co Picks Up 229k sf San Mateo Industrial Property in $38 Mil Transaction
2/22/24
Koll Cotton Center, a seven-building, 228.6k sf multi-tenant light industrial project in Phoenix’s Sky Harbor submarket, was acquired by San Mateo-based G.W. Williams Co in a $38 mil ($166/sf) transaction. The property was 98...
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• Supermicro Computers Spends $80 Mil on 20 Acres in San Jose
2/21/24
Supermicro Computers acquired a 19.7-acre, fully-entitled development site in San Jose in a recent $80 mil transaction. The property, located at 550 East Brokaw Rd, includes an existing 293.9k sf structure. Previously occupi...
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• Pleasanton Retail Property Refinanced with New 12-Year Loan for $8.6 Mil
2/12/24
Oak Hills Shopping Center, a 120k sf inline retail property in Pleasanton, was refinanced with a new permanent loan for $8.6 mil. The property, located at 5410-5480 Sunol Blvd, is anchored by Raley’s grocery, with co-tenants ...
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• Marriott Courtyard Residence Inn Project in Sand City, CA Lands $67 Mil in Construction Money
2/02/24
EKN Development Group and Garn Development have obtained $67.1 mil in construction financing for the development of a 215-key, duel-branded hotel, Marriott Courtyard Residence Inn in Sand City, CA. The financing, which was ar...
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• Tidewater Capital Receives Final Approvals for Two Oakland Res Developments
1/31/24
San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown. The 533 Kirkham ...
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• Brothers International Holding Corporation Completes $20.5 Mil Refi of San Jose Retail Property
1/30/24
Brothers International Holding Corporation has obtained a $20.5 mil refi loan for Almaden Safeway Center, a 143.5k sf, grocery-anchored retail center located in San Jose. Almaden Safeway Center is spread across three buildi...
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• The Conservation Fund Acquires 3,650-Acre Cattle Ranch Near San Jose
1/29/24
Richmond Ranch, a 3,654-acre property near San Jose, was purchased by The Conservation Fund (TCF), a nonprofit organization committed to preserving U.S. land and water, for $16 mil. The property is a working cattle ranch with...
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• Broadcom to Sell 13 R&D Buildings Totaling Over 1 msf in Silicon Valley
1/26/24
Broadcom plans to sell the unused portion of its Palo Alto Campus at Stanford Research Park. Situated on 69.5 acres, the unused portion of Broadcom’s Palo Alto Campus at Stanford Research Park features 13 state-of-the-art R&D...
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• Sales Underway at New Bay Area Res Community
1/22/24
Sales have started for a Village Walk, a new NoCal residential community. The project, a collection of 15 new Craftsmen-style townhomes in the Bay Area city of Belmont, was developed by Regis Homes Bay Area LLC, a division of...
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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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