| Investors Pick-Up Adjacent Properties in Cupertino
Two adjacent properties in Cupertino, one office and the other retail, traded hands. Together the properties comprise just over 2.5 acres along De Anza Blvd, next to the Infinite Loop campus of a global tech company.
| Menlo Equities Closes $35 Mil Office Buy in Silicon Valley
An affiliate of Menlo Equities paid $35 mil for a 99.6k sf ($351/sf), Class A office building in San Jose. The building, situated on a 4.86-acre parcel at 300 Holger Way, was sold by KBS Real Estate Investment II.
| Sacramento Multifamily Property Fetches $38 Mil
Westlake Apartments, a 148-unit multifamily property in Sacramento, sold for $38 mil ($256.8k/unit). The property, located at 1 Shoal Court, was sold by Graceada Partners.
During its 15-month hold period, Graceada Partners s...
| Nearon Enterprises and Woodstock Development Buy NoCal Life Sciences Campus
Crossroads Research Center, a four-building life sciences and R&D campus totaling 322.3k sf in Union City, CA, was acquired by a joint venture between Nearon Enterprises and Woodstock Development. The price was not disclosed....
| Iconic National Hotel in Historic Jackson, CA Trades Hands
The iconic National Hotel, located at 2 Water St in historic downtown Jackson, CA, in the heart of California’s Gold Country, recently changed ownership. Hari Johl, a successful hotelier who operates several Hilton-flagged pr...
| Anthem Properties Group Locks Up $59 Mil in Construction Money and Equity for Sacramento Res Development
Anthem Properties Group, out of Canada, has obtained $39 mil of construction debt and $20 mil of equity for a new 137-unit development in Sacramento. George Smith Partners arranged the loan and advised on the equity placement...
| J&J Properties Spends $64 Mil on HQ Campus in South San Jose
J&J Properties purchased a 160k sf, advanced manufacturing and office campus in South San Jose for $64.3 mil ($402/sf). The property, located at 5300-5350 Hellyer Ave, was sold by Empire Square Group.
CAES (formerly Cobham) ...
| Bay Area Multifamily Property Goes for $658k per Unit
Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.
Originally constructed in 1963, Farm Hill Ma...
| Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
In a San Francisco medical office buy, Rubicon Point Partners purchased 350 Parnassus, a 77k sf building just a block from Golden Gate Park. The firm financed the deal with a $53.7 mil first mortgage loan provided by Mesa Wes...
| PCCP LLC and Panattoni Development Company Building 186k sf Industrial Project in Sacramento
A joint venture of PCCP LLC and Panattoni Development Company Inc will develop Natomas Advanced Logistics Center, a two-building industrial project totaling 186k sf located at Duckhorn Dr and Arena Blvd in Sacramento. The pro...
| Klingbeil Capital Management Makes 137-Unit Multifamily Buy in the East Bay Area
Avery at TownCentre, a 137-unit, two-story apartment community in the East Bay Area city ofBrentwood, was purchased by Columbus, OH-based Klingbeil Capital Management in a deal worth $49.5 mil ($361.3k/unit).
Avery at TownC...
| HCF Development Acquires 170-Unit Berkeley Res Property in $100 Mil Transaction
HCF Development has acquired K Street Flats, a 170-unit multifamily property located in the heart of downtown Berkeley, in a recent transaction valued at about $100 mil, or $588.2k/unit. Built in 2006, the project is located ...
| Pennant Housing Group Picks Up 91-Unit Affordable Housing Property in Berkeley
Pennant Housing Group has purchased Harriet Tubman Terrace, a 91-unit, Section 8 HAP property in Berkeley. The acquisition was financed with a $32.5 mil Fannie Mae DUS® Multifamily Affordable Housing (MAH) loan arranged by Gr...
| $300 Mil in Financing Deals Arranged by JLL Capital Markets and George Smith Partners
Here are financing briefs for two deals worth almost $300 mil arranged by JLL Capital Market and George Smith Partners. One of the transactions is for a refi on a Class A office building in San Francisco, while the other is f...
| Portola Valley, CA Office Property Offered for Sale in Rare Listing from the Area
Here’s your chance to take ownership of 28% of the entire Portola Valley, CA office market.That would be with the acquisition of Ladera Professional Center, a 23.4k sf asset situated on 2.66 acres that has just been listed fo...
| Newly Completed Hilton Garden Inn in Fremont Sells for Over $40 Mil
In a recent Bay Area hotel buy, AWH Partners acquired the newly completed, 145-room Hilton Garden Inn in Fremont. The five-story hotel, which includes conference spaces, an extended outdoor area, restaurant and lobby bar, was...
| Dostart Development Company and Sares Regis Group of Northern California Lock in $182 Mil of Construction Money for Burlingame Office Development
Dostart Development Company and Sares Regis Group of Northern California have obtained $182 mil in construction financing for the development of 220 Park in Burlingame. The 184k sf, Class A+ office development represents the ...
| TMG Partners Closes $220 Mil Investment Account
TMG Partners has closed a $220 mil separate account to invest in real estate in the Bay Area. The capital was sourced from a single institutional investor and represents TMG’s third venture with this investor.
This new capi...
| Bay Area Grocery Outlet Property Trades in $6.7 Mil Deal
A 1031 exchange investor out of Los Angeles paid $6.715 mil for a 33.6k sf ($200/sf) retail property in Fairfield, CA. The property, located at 200 Travis Blvd, is fully occupied by Grocery Outlet.
Built in 1977, the propert...
| Sares Regis Group of Northern California and Dostart Development Company Start Work on Bay Area Office/Retail Project
Sares Regis Group of Northern California (SRGNC) and Dostart Development Company (DDC) have broken ground on 185k sf of office and retail space in the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...