| Brilliant Earth Brightens Up New Union Square Development with Retail Lease
Brilliant Earth, a leading global retailer of ethically sourced bridal and fine jewelry, has taken the entire third floor at 300 Grant, a new office/retail development in San Francisco’s Union Square. Brilliant Earth will use...
| Two East Bay Multifamily Sales Total Over $30 Mil
In recent multifamily activity out of the East Bay, a private investor purchased two properties totaling 96 units in separate transactions. The deals were in Hayward and Castro Valley, and had a combined price tag of $30.8 mi...
| Penumbra Inks Sacramento Area Expansion Lease for an Additional 96k sf of Office/Lab Space
Penumbra, a global healthcare company, has expanded into an additional 96.5k sf of Class A office / lab space in the Roseville Innovation Park in Roseville. The company’s new lease at 620 Roseville Pkwy will bring its total o...
| Community Preservation Partners Closes on 18-Unit Affordable Housing Project in Sacramento
Community Preservation Partners (CPP) closed on a NoCal affordable housing buy, acquiring Grand Ave Villa, an 18-unit apartment property in Del Paso Heights. Built in 1974, the complex is CPP’s smallest holding and its first ...
| Freestanding Sunnyvale Office/R&D Building Trades for $19.3 Mil
Montana Avenue Capital Partners LLC (MAC) purchased a 53.6k sf, freestanding single-story office/R&D building on nearly four acres in Sunnyvale for $19.3 mil ($360/sf). MAC intends to re-brand the property, located at 970 Ste...
| Washington Holdings Buys 378k sf San Jose R&D Campus
Seattle-based real estate investment firm Washington Holdings has acquired RioTech R&D Park, a Class A R&D campus in San Jose. The property is centrally located in the North San Jose submarket with immediate access to mass tr...
| Rancho Cordova Industrial Asset Fetches $146/sf
A 108.4k sf industrial property in Rancho Cordova sold for $15.8 mil, or $146/sf. The property was sold by Corsair Management Limited Partnership.
Located at 11380 White Rock Rd, the property was originally constructed in 19...
| San Francisco Creative Office Building Acquired by Bridgeton and STARS REI
A joint venture between Bridgeton and STARS REI purchased a 73k sf, creative office building in San Francisco’s SoMa neighborhood. The price was not disclosed.
Located at 260 Townsend St, the property has over 375 feet of fr...
| KKR Acquires Silicon Valley HQ Campus in $535 Mil Transaction
Global investment firm KKR, through its KKR Real Estate Select Trust fund, has acquired HQ @ First, a 603.7k sf HQ campus property in San Jose. The three-building property, located at 110, 120 and 130 Holger Way, was sold by ...
| Nome Ventures Buys The Ziggurat Office Building in Sacramento
Nome Ventures has purchased The Ziggurat office building in Sacramento in a $90 mil deal. The 373.7k sf, 10-story office property, located at 701-707 3rd St, is a pyramid-shaped structure and one of Sacramento’s most recogniz...
| Apple-Occupied Cupertino Office Project Trades for $64 Mil
De Anza Plaza, an 84k sf, single-tenant office campus in Cupertino, was acquired for $63.75 mil ($759/sf) by Cantor Fitzgerald Income Trust. Apple is the property’s sole tenant and has fully occupied the complex since 2016.
| GI Partners Buys 230k sf Silicon Valley Office Asset
In a major office buy in Silicon Valley, GI Partners has acquired a 230k sf building located at 520 Almanor Ave in Sunnyvale. Industry pros estimate the transaction value to be around $254 mil, which averages out near $1,100/...
| Bay Area Industrial Facility Attracts $424/sf Price
Stephen Finn of Finn Capital purchased a 129.8k sf industrial facility in Burlingame for $55 mil ($424/sf). Built in 1957, the single-story structure is located at 1649 Adrian Rd, southeast of Millbrae Ave and adjacent to the...
| TMG Partners and Goldman Sachs Acquire 446k sf Silicon Valley Office Campus
In a major Bay Area office investment buy, TMG Partners, in a venture with a Goldman Sachs Asset Management entity, acquired a 446k sf, Class A office campus at 350-380 Ellis St in Mountain View. The seller, NortonLifeLock, i...
| San Mateo Office Campus Lands $159 Mil in New Financing
Clearview Business Park, a six-building creative office campus located in San Mateo, was refinanced with a $159.3 mil loan originated by Square Mile Capital Management LLC. The loan was made to Hines and an institutional join...
| The Bendetti Company Buys 55k sf West Sacramento Industrial Building
The Bendetti Company paid $6.985 mil for a 55k sf ($127/sf) industrial building in West Sacramento. The building, located at 879 F St, was sold by INNOVA Fund I LLC.
Built in 2001, 879 F Street is situated on just over two a...
| Peninsula Land and Capital Picks Up 585k sf Silicon Valley Industrial Portfolio
Peninsula Land and Capital recently purchased a portfolio of R&D/flex portfolio totaling 585.5k sf across the Silicon Valley submarkets of. The properties were sold by a fund managed by DRA Advisors.
At the time of the sale,...
| Investor Exchanges into $68 Mil of Bay Area Assets
A local private investor spent $68.25 mil on three acquisitions in the Bay Area. The purchases include a 65.8k sf self-storage facility in Sunnyvale, a 100-unit apartment community also in Sunnyvale, and a 38-unit apartment c...
| Morgan Stanley Buys Bay Area Medical Office Building for Over $64 Mil
Morgan Stanley acquired a 106k sf, medical office building in Burlingame for $64.4 mil ($607.50/sf). The building, located at 1720 El Camino Real, was sold by Angelo Gordon & Company.
The property sits immediately adjacent t...
| Berkeley Partners Spends $24.5 Mil on San Jose Asset
Berkeley Partners purchased a 54k sf R&D facility in San Jose for $24.5 mil, or $454/sf. The property was sold by Goble Properties and Cojourn Companies.
Located at 2121 and 2125 Zanker Rd, the property was originally built ...