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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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• Intermolecular Inks Long-Term Extension for 146k sf R&D Building in North San Jose
3/26/24
Intermolecular has signed a long-term lease extension for a 146.2k sf R&D building in North San Jose. The company has occupied the property, located at 3011 N First St, for well over a decade.
Intermolecular is an affiliate...
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• Sacramento Area Self-Storage Facility Trades
3/21/24
A 993-unit self-storage facility located at 6025 Park Dr in the NoCal city of Rocklin was acquired by an institutional buyer. It was sold by an affiliate of Banner Real Estate Group.
The expansive property sits on 1.72 acres...
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• Palmetto SuperFoods Inks Lease at New Building in San Francisco’s SouthPark Neighborhood
3/21/24
Palmetto Superfoods, a fast-healthy concept bridging Brazilian açaí and California vegan-focused superfoods, signed a five-year lease for 1k sf of space at 531 Bryant St in San Francisco’s South Park SoMa neighborhood. The tr...
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• Cityview Finishes Work on 378-Unit Res Project in Oakland’s Master-Planned Brooklyn Basin Area
3/20/24
Cityview has completed work on Portico – a 378-unit multifamily project in Oakland. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
Po...
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• Two New Single-Tenant Retail Properties in Merced Fetch Over $8 Mil
3/19/24
Two brand-new construction, single-tenant properties occupied by a 7-Eleven convenience store with a gas station and the adjacent Starbucks (a drive-thru-only prototype) in Merced, CA traded hands for $8.2 mil.
The properti...
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• BOMA San Francisco Awards 2024 Building of the Year to 23-Story 301 Howard Street
3/18/24
A 319k sf, 23-story Class A office tower at 301 Howard Street in San Francisco’s South Financial District has been awarded the 2024 The Outstanding Building of the Year (TOBY®) by the San Francisco chapter of the Building and...
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• Sutter Health Entity Buys NoCal Cold Storage Facility
3/11/24
A 49.8k sf warehouse and cold storage facility in Hercules, CA was acquired by a Sutter Health entity. The property, located at 200 Linus Pauling Dr, roughly 20 miles north of Oakland, features 7.7k sf of office space, six do...
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• San Francisco Mixed-Use Tower Earns Fitwell 2-Star and LEED Platinum Ratings
3/08/24
345 California Street, an iconic, newly renovated Class A mixed-use office property in San Francisco, has achieved the prestigious Fitwel 2-star and LEED Platinum ratings. Fitwel is the pioneering real estate platform driving...
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• PCCP LLC and Alliance Residential Purchase Santa Clara Res Community in $125 Mil Deal
3/07/24
A joint venture of PCCP LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community in Santa Clara for $125 mil ($498k/unit). Prado was built by SummerHill Homes and delivered in April 2021.
The...
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• Multifamily Community Near Cal State Fresno Campus Sells for $30 Mil
3/05/24
The Victor, a 232-unit multifamily community, was purchased by a Central Valley-based private investment group in a recent $30 mil ($129.3k/unit) transaction. We’re told this marks the largest multifamily transaction to close...
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• New Food-First Hotel Project Will Bring 108-Room Resort to Northern California
3/05/24
Construction has begun on Appellation Healdsburg, a 108-room hotel resort on eight acres in Healdsburg, California. The project is a development of Comstock Development, Chef Charlie Palmer and Christopher Hunsberger’s newest...
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• Santa Clara Biz Park Sees Trio of Leases Totaling 175k sf of Space
2/23/24
There have been three recent leases totaling 175k sf of R&D/manufacturing space to report at Bassett Technology Park in Santa Clara, California. A fund sponsored by Hines acquired the campus in the summer of 2020.
EOTech LLC...
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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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