| Advanced Building Solutions Spends $19 Mil on 18-Acre Development Site in Rocklin
Advanced Building Solutions (ABS) has acquired an 18.2-acre residential development site in Rocklin in a $19 mil transaction. The land is fully entitled for a 397-unit, garden-style multifamily development, pricing the land b...
| Trammell Crow Company (TCC) and CBRE Investment Management Start Work on Bay Area Life Sciences Project
Trammell Crow Company (TCC) and CBRE Investment Management have broken ground on a 234k sf life sciences development in Redwood City, CA. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver during the...
| Fresno Cold Storage Facility Fetches $8.5 Mil
A 52.5k sf cold storage facility in Fresno was purchased for $8.5 mil ($162/sf) by Southwest Traders, a leading supply chain solutions provider headquartered in Temecula. The property was sold by Florida-based industrial inve...
| Oakland’s Rotunda Building Signs Two New Tenants
In Oakland office news, there has been two lease extensions totaling 10k sf at the Rotunda Building, a 300k sf office and retail building located at 300 Frank Ogawa Plaza in downtown Oakland. The Rotunda Building is owned by ...
| Burlingame Industrial Site Goes for $14.5 Mil
A 1.58-acre industrial site in the Bay Area city of Burlingame traded for $14.5 mil. The site, located at 890 Mahler Rd and 1550 Gilbreth Rd, is home to eight separate industrial suites in two adjacent buildings.
| Eden Housing Buys Res Properties Totaling 116 Units in Concord
Eden Housing, a non-profit organization, purchased two multifamily communities totaling 116 units in Concord, CA for $37.25 mil. The company will convert the properties, Sunset Pines and Coral Court Apartments, from market-ra...
| Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City
Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
| Windy Hill Property Ventures and Rockwood Capital Pick Up San Jose Res Asset in $83.5 Mil Deal
A joint venture of Windy Hill Property Ventures and Rockwood Capital has acquired Vespaio, a 162-unit Class A multifamily community located in a highly amenitized area in central San José, for $83.5 mil ($515k/unit).
| Six Bay Area Multifamily Trades Total $19 Mil
Here’s a quick update on six multifamily transactions in the Bay Area that totaled more than $19 mil. The deals were brokered, at least in part, by Levin Johnston of Marcus and Millichap, who represented the sellers and sourc...
| Mission Rock Partners Tops Out 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, recently marked the topping out of Parcel F, a 23-story multifamily residential tower in S...
| Fresno Shopping Center Fetches Nearly $16 Mil
Ash Tree Square, an 80.9k sf shopping center in Fresno, was purchased by an Oakland-based private investor in a $15.8 mil ($195/sf) transaction. The property is situated on 7.47 acres at 1029-1077 East Shaw Ave, at one of the...
| Avanath Capital Management Closes $19 Mil Purchase of West Sacramento Affordable Senior Housing Community
Avanath Capital Management LLC has acquired Rivers Senior, a 120-unit affordable senior housing community located at 705 Dorothy Adamo Lane in West Sacramento, for a total consideration of $19 mil ($158k/unit) in an off-marke...
| Bay Area Office Building Lands $11.3 Mil Refi
In a recent Bay Area office financing deal, a six-story, 83.6k sf multitenant tower in Berkeley was refinanced with a new permanent loan for $11.3 mil. The building, originally built in the 1960s, is currently home to more th...
| Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers
Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
| BH Properties Buys 60-Acre Holy Names University Campus in Oakland
BH Properties has purchased the 60-acre campus of Holy Names University in Oakland for $65 mil. The recently vacated campus consists of 15 buildings that include a performing arts center, chapel, library, gym, classrooms and ...
| The Conservatory Now Re-Opened at One Sansome in San Francisco
The Conservatory, a historical architectural gem at One Sansome in downtown San Francisco, is now re-imagined and re-opened for public use. Since Barker Pacific Group took ownership of One Sansome, a soaring 42-story tower in...
| NXP Inks Lease for 40k sf in North San Jose
Global semiconductor company NXP signed a long-term lease for 40k sf at its five-building Rose Orchard campus on Rose Orchard Way in North San Jose. Eindhoven, Netherlands-based NXP’s U.S. division, currently operates at ten ...
| San Francisco Office Building Lands $8 Mil in Financing
A private investor has obtained $8.2 mil for a brick and timber office building located at 499 Jackson St in the heart of San Francisco’s Jackson Square Historic District. The 18k sf, five-story building with basement feature...
| Modesto Multifamily Property Trades in $25 Mil Deal
Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
| Santa Clara Biz Park Gets New Owner
San Tomas Business Centre, a 79.4k sf, business park in Santa Clara, changed hands. The office and light industrial/warehousing property, located at 2060-2101, 2110, 2116 and 2118 Walsh Ave, is comprised of nine buildings.