| Trion Properties Acquires 197-Unit Multifamily Property in the Sacramento Area
Trion Properties purchased ReNew Carmichael, a 197-unit apartment community located in the Sacramento-area city of Carmichael, for $46 mil in an off-market transaction. The property was sold by FPA Multifamily in a deal that ...
| Fremont Multifamily Community Sells for $112.5 Mil
The Rexford, a 203-unit, fully-renovated multifamily community in Fremont, was purchased for $112.5 mil ($554k/unit) by a publicly traded real estate investment trust in a deal we’re told ranks as as the largest single multif...
| Channel Properties Buys Newly Constructed Multifamily Property in Marin County
Napa-based Channel Properties purchased a newly constructed, 41-unit multifamily mixed-use development in downtown San Rafael, just north of San Francisco in affluent and severely supply-constrained Marin County. Completed in...
| City Center Realty Partners Buys R&D/Life Sciences Property in Berkeley
City Center Realty Partners has purchased Parker Innovation Hub, a three-building, 40.6k sf R&D and life sciences campus in Berkeley. The property was sold by Lift Partners in a $22 mil ($542/sf) transaction.
| Four Corners Properties Closes $90 Mil Bay Area Office Purchase
Shoreway Innovation Center, a 150k sf, Class A office building in Belmont, traded hands for $90.25 mil ($602/sf). The four-story building, located at 1301 Shoreway Rd, was purchased by Four Corners Properties.
| Tishman Speyer Meta Tenant for Its Entire 719k sf Sunnyvale Campus
Meta, the online social media behemoth formerly known as Facebook, has inked a lease for a 719k sf Sunnyvale office campus. We’re told that the agreement represents the largest new private sector office lease executed anywher...
| Sacramento Retail Center Picked Up by Phillips Edison & Company
Phillips Edison & Company Inc acquired Town & Country Village, a 216.3k sf, dual grocery-anchored community center in Sacramento. A price was not given out.
Anchored by Trader Joe’s and Sprouts Farmers Market, the 91%-leased...
| 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...