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• Newmark Knight Frank Awarded Leasing Assignment for San Francisco Office Tower
9/27/21
Barker Pacific Group (BPG) and PGIM Real Estate have awarded the leasing assignment for One Sansome Street, a 42-story, LEED Platinum-certified office tower in the heart of San Francisco’s Financial District, to Newmark Knigh...
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• Historic Office Building in Downtown Oakland Trades in $14 Mil Deal
9/23/21
An eight-story, 43k sf historic office building in downtown Oakland sold for $14 mil, or $325/sf. The property, located at 1625 Clay St, is 65% occupied. The buyer intends to implement a renovation program at the building.
B...
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• Hines Pays $800 Mil for PG&E’s 1.6 msf Office Complex in Downtown San Francisco
9/22/21
Hines has closed on a record setting acquisition in downtown San Francisco, purchasing Pacific Gas and Electric Company’s 1.6 msf General Office complex for $800 mil, or $500/sf. We’re told this is the largest property, by sq...
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• Private Investor from L.A. Buys Merced County Shopping Center
9/22/21
A Los Angeles-based private investor acquired Atwater Marketplace, a 100%-occupied, 96.2k sf shopping center anchored by Save Mart Supermarkets and CVS Pharmacy in Merced County, CA. The purchase price was not disclosed.
Bui...
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• Black Creek Group Closes 690k sf Silicon Valley Biz Park Buy
9/17/21
Black Creek Group purchased Little Orchard Center, a 690k sf business park in San Jose. The asset consists of four buildings on just under 16 acres of land.
The property was sold by a Harvest Properties entity. Industry sou...
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• Vacant Industrial Building in the Sacramento Area Gets New Owner in $12.45 Mil Deal
9/15/21
A vacant, 129.5k sf industrial-flex building in the Sacramento area sold for $12.45 mil ($96/sf). The building, located at 4837 Watt Avenue in North Highlands, was acquired by Exeter 4837 Watt LLC.
Built in 1987 for use as a...
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• Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
9/13/21
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
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• Intercontinental Real Estate Corporation and Security Properties Team Up in Recapitalization of 244-Unit Sacramento Multifamily Property
9/09/21
Intercontinental Real Estate Corporation has entered into a joint venture with Security Properties to acquire Broadleaf Apartments, a 244-unit, Class B+ garden-style apartment community in Sacramento, for $87.5 mil ($358.6k/u...
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• Cannae Partners and Blue Vista Capital Management Acquire 61k sf R&D/Office Asset in Fremont
9/06/21
Cannae Partners and Blue Vista Capital Management purchased Bayside Technology Park, a 61.5k sf R&D office building in Fremont. The property was sold by Osprey Capital LLC in a $16.55 mil ($269/sf) deal.
The property is loca...
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• Multifamily Property in San Leandro Sells for $275k per Unit
9/03/21
Foothill Terrace, a 25-unit multifamily property in San Leandro, recently sold for $6.875 mil, or $275k per unit. Located on a 1.16-acre parcel, Foothill Terrace is comprised of four buildings with approximately 21.5k sf of r...
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• Bay Area Industrial Campus Lands $220 Mil Refi
9/03/21
Pacific Commons South, a 1.9 msf property in one of the top-performing industrial markets in the San Francisco Bay Area, has just been refinanced with a new loan for $220 mil. The property, owned by a venture between Overton ...
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• Kennedy Wilson Fund VI Closes $120 Mil Multifamily Sacramento Area Acquisition
9/02/21
Kennedy Wilson Fund VI has acquired Autumn Ridge, a 410-unit, garden-style apartment community in Sacramento’s Citrus Heights suburb for $120 mil, or $293k/unit. Kennedy Wilson Fund VI (“Fund VI”) is a commingled fund managed...
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• Bloom Energy Agrees to 150k sf Expansion/Renewal Lease in San Jose
8/31/21
Bloom Energy has inked a new lease in San Jose to renew and expand its current 102.8k sf space at 237@First with an additional 47.1k sf. Bloom Energy – which delivers highly reliable and resilient, always-on electric power th...
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• Hometown America Buys 410 Manufactured Home Sites in California
8/30/21
Chicago-based Hometown America acquired two California manufactured home communities totaling 410 home sites. The properties, Diamond K Estates in Roseville and Carman Ranch MHC in San Diego, were sold by a SoCal-based family...
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• Avanath Capital Management Buys 71-Unit Berkeley Multifamily Property
8/30/21
Avanath Capital Management LLC has acquired Acton Courtyard, a 71-unit, mixed-use affordable housing community with 7k sf of ground-floor retail in Berkeley, CA. The property is located at 1370 University Ave, between San Pab...
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• The Hanover Company Breaks Ground on San Jose Res Development
8/30/21
The Hanover Company has broken ground on Winchester Apartments, a 366-unit, multifamily project in San Jose. Designed by KTGY, the seven-story development boasts an amenity-rich community aimed at serving active professionals...
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• Silicon Valley R&D/Office Campus Gets New Owner in $56 Mil Deal
8/27/21
Valley Creative Center, a six-building R&D/office campus totaling 166.9k sf of space in north San Jose, sold for $56 mil ($335/sf). Redwood City-based Dollinger Properties purchased the asset from Vista Investment Group.
Val...
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• Grosvenor Americas Acquires 218k sf Office / R&D Campus in North San Jose
8/26/21
Grosvenor Americas has acquired the Orchard-Trimble office and R&D campus, a three-building, 218k sf property in North San Jose. The property is fully leased to Toshiba America Electronic Components Inc, the US storage and se...
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• DWS Makes $67 Mil Bay Area Retail Buy
8/25/21
DWS has closed on the purchase of Hamilton Marketplace, a 90.7k sf shopping center in the Bay Area city of Novato. The property was sold by Grosvenor Americas in a deal sources say was valued at about $67 mil ($739/sf).
Hami...
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• BH Properties Provides $5 Mil in Debtor-In-Possession Financing to California Nevada Methodist Homes
8/24/21
BH Properties has provided continuing care, senior living housing owner and operator California Nevada Methodist Homes (CNMH) with $5 mil in debtor-in-possession (DIP) financing to fund day-to-day operations until regulatory ...
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