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• Urban Land Development Starting Construction on Boutique Office Project in San Francisco
6/06/22
Demolition is underway for construction of 531 Bryant, the first ground-up boutique office development in the South Park neighborhood of San Francisco’s Central SoMa. The building, a development of Urban Land Development (ULD...
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• Grosvenor Buys Development Site in Oakland
6/03/22
Grosvenor has acquired two parcels totaling 39.5k sf of space in Oakland for new development. The fully entitled land, located at 2600 Telegraph Ave, will be used for construction od 225 rental homes and 6k sf of retail, with...
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• Trammell Crow Company and Clarion Partners LLC Start Work on 200k sf Bay Area Industrial Project
5/31/22
Trammell Crow Company and JV Partner Clarion Partners LLC have broken ground on a 205.2k sf industrial facility in Fairfield. The project, located at 2725 Low Court, is slated to be completed in the Spring of 2023.
The proje...
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• Silicon Valley Office Asset Sells for Over $1,100/sf
5/27/22
In a Silicon valley office trade, 250 Cambridge, a three-story, 34.6k sf transit-oriented office building in Palo Alto, sold for $39.3 mil, or $1,136/sf. The property includes a 29-stall on-site parking garage. Current owners...
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• Westbank, Urban Community, Peterson and OPTrust Raising $1.5 Bil for Largescale, Net-Zero Initiative in San Jose
5/25/22
A venture comprised of Westbank, Urban Community, Peterson and OPTrust is looking to raise a capital stack of up to $1.5 bil for a largescale, net-zero initiative in San José. The partnership has enlisted a Cushman & Wakefiel...
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• MBK Rental Living and Haseko Corporation Acquire 19 Acres in the Bay Area for Residential Rental Development
5/25/22
MBK Rental Living has purchased a 19.5-acre site in Morgan Hill for development of a 389-unit, Class A for-lease residential community named Vida at Morgan Hill. MBK partnered with Haseko Corporation in what marks the two fir...
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• BD Leases 240k sf at Silicon Valley Office/R&D Campus
5/24/22
BD (Becton, Dickinson and Company), one of the largest medical technology companies in the world, has signed a long-term lease for 240k sf at Park Point, a creative office/R&D campus located at 115, 135 and 155 North McCarthy...
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• San Francisco’s One Sansome Tower Being Repositioned by Barker Pacific Group
5/23/22
Citigroup Center at One Sansome, a 42-story tower in San Francisco’s Financial District, is being transformed into a new entertainment and hospitality hub for the post-pandemic resurgence by the property owner, Barker Pacific...
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• Downtown Oakland Mixed-Use Asset Trades for $18.5 Mil
5/23/22
La Peralta Apartments, a mixed-use property consisting of 93 residential apartments and five office units in Downtown Oakland, sold for $18.5 mil. The sale closed at 4.61% cap rate.
La Peralta offered a rare opportunity to a...
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• Four Corners Properties Acquires Bay Area Property for Life Sciences Redevelopment Project
5/19/22
Four Corners Properties acquired Shoreway Innovation Center, a seven-acre property in the Bay Area city of Belmont that the firm intends to redevelop into a new life sciences campus, centrally located in the growing life scie...
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• The Bascom Group Spends $44 Mil on Two Fresno Apartment Communities
5/17/22
The Bascom Group has acquired two apartment communities in the Central Valley for a combined price of $44.5 mil, or $188.5k/unit, in an off-market transaction. The properties -- Casa de Luna Apartments and Casa del Sol Apartm...
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• Duke Realty is Underway on a Trio of Industrial Projects in the Bay Area
5/16/22
Duke Realty is experiencing significant interest in three new projects in San Francisco Bay Area submarkets. The projects are:
• a 302.8k sf speculative development in San Jose
• a 153.8k sf speculative development in Richmo...
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• CenterSquare Investment Management Picks Up 44k sf Sacramento Area Retail Center
5/16/22
CenterSquare Investment Management paid $17.25 mil for Waterman Grove Plaza, a 44.1k sf ($391/sf), value-add retail strip center in the growing Sacramento-area community of Elk Grove. The property was sold by Pacific Castle M...
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• LBA Realty Buys San Francisco Industrial Property
5/16/22
LBA Realty has purchased 300 Toland Street, a 1.76-acre site in San Francisco that includes an existing 22.7k sf industrial building. The price was not disclosed.
The property is ideally situated in the core industrial marke...
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• New Affordable Housing Project Opens Its Doors in Mountain View
5/12/22
Luna Vista Apartments, a new, 71-unit affordable housing development in Mountain View, has officially opened to the public. Located at 950 W. El Camino Real, the five-story project is a development of Alta Housing, a communit...
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• The Sobrato Organization Spends $71 Mil on San Francisco Creative Office Asset
5/05/22
The Sobrato Organization has acquired a 40.9k sf, creative office building in San Francisco’s South of Market (SOMA) district in a $71 mil ($1,736/sf), all-cash buy. The property is fully leased through January 2031 to Andree...
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• Timberlane Partners Acquires Two Boutique Hotels in Carmel-by-the-Sea
4/27/22
Timberlane Partners has purchased The Hideaway and The Getaway, two boutique hotels in Carmel-by-the-Sea totaling 58 rooms. The seller was Meriwether Co. A price was not given out.
Located near Carmel-by-the-Sea’s historic ...
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• Presidio Bay Ventures Leads Development Partnership for New 150k sf Life Science Building in San Carlos
4/25/22
A Presidio Bay Ventures-led partnership has obtained $188 mil to finance the development of 777 Industrial, a planned 150k sf, Class A, R&D and life science lab building to be built in San Carlos. The construction funding was...
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• 266-Acre NoCal Property Trades for Over $7 Mil
4/22/22
A unique, 266-acre property in NoCal’s Mount Shasta traded hands in a $7.15 mil transaction. The property, purchased by a Bay Area private investor, sits roughly 60 miles south of the California/Oregon border. The transaction...
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• Bay Area Light Industrial Campus Lands New Financing of $27.5 Mil
4/22/22
Fremont Tech Park II, a 140k sf, three-building, light industrial/R&D flex-tech campus in the Bay Area city of Fremont, has been refinanced with a new permanent loan for $27.5 mil. Originally developed in 1998, the modernized...
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