| Bridge Partners Closes on $111 Mil Res Buy in the Sacramento Area
Bridge Partners has acquired Harvest at Fiddyment Ranch, a 300-unit multifamily community in the Sacramento-area city of Roseville, for $111 mil ($370k/unit). The property was sold by USA Properties Fund, out of Roseville.
| Bay Area Multifamily Development to Move Forward with $131 Mil Investment
Square Mile Capital Management LLC originated a $131.2 mil investment to facilitate the development of Artisan Crossing, a 250-unit multifamily project located 1325 Old County Rd at in the Bay Area city of Belmont. Square Mil...
| GI Partners Buys 370k sf Bay Area Life Sciences Campus in $155 Mil Deal
GI Partners acquired Mt. Eden Research Park, a six-building, R&D / life sciences campus totaling 370k sf in Hayward. The asset was sold for $155 mil ($419/sf) by BentallGreenOak, who obtained $114 mil in financing for the dea...
| The Hudson Companies Land $78 Mil Refi on Vespaio Mixed-User in San Jose
The Hudson Companies have secured a $78.5 mil bridge refi loan for Vespaio, a recently constructed mixed-use project that is currently in lease up in San Jose. Located at 130 Stockton Avenue, Vespaio is comprised of 162 apart...
| Mike Moran Joins CBRE as Vice Chairman
Mike Moran has joined the Palo Alto office of CBRE as Vice Chairman. Moran will focus on office and life science leasing for institutional investor clients across the San Francisco Peninsula.
“Mike has been a dominant for...
| Invesco Advisers Buys 335k sf East Bay Portfolio for Conversion to Life Science Use
Invesco Advisers Inc acquired a newly developed, 335k sf, six-building portfolio in Alameda, with plans to convert the property into state-of-the-art life science use. The deal is being financed with a loan for $99.235 mil to...
| Longfellow Real Estate Partners Acquires 236k sf Bay Area Office Complex
Longfellow Real Estate Partners has acquired San Mateo Bay Center, a 235.9k sf office campus in San Mateo. The transaction was financed with a $178 mil first mortgage loan provided by Mesa West Capital to recapitalize costs a...
| Fivetran Inc Leases 80k sf in Downtown Oakland
Fivetran Inc, a fast-growing automated data integration company, inked a lease for 80k sf of space in Downtown Oakland. The deal is at 1221 Broadway, a 24-story, 535k sf office building at the intersection of Broadway and 12t...
| Work Gets Underway on Wine Country Res Development
OSM Investment has started work on Napa Creek Village, a 48-unit multifamily housing community in the heart of wine country. Located along Napa Creek on 2.5 acres, the community will include sustainable design features and br...
| Cityview Raises $100 Mil in Opportunity Zone Capital for Oakland Waterfront Project
Cityview has raised nearly $100 mil in opportunity zone capital for its Oakland Waterfront project, a 378-unit multifamily development boasting sweeping waterfront views from over 80% of the units and state-of-the-art ameniti...
| The Plaza Suites Hotel in Santa Clara Trades Hands
The Plaza Suites, a 219-room hotel located at 3100 Lakeside Drive in Santa Clara, was acquired by an unnamed Bay Area investment company. The property was sold by Sierra Land Group, out of Glendale, CA.
First opened in 1991,...
| Wood Investments Companies Spends Almost $12 Mil on Fresno Shopping Center
Wood Investments Companies Inc has purchased Kings Canyon Pavilion shopping center, a 152.4k sf community center in Fresno, for $11.8 mil ($$77/sf). Built in 2007, Kings Canyon Pavilion shopping center is situated on 14.33 ac...
| Fully Leased Retail Center in East Palo Alto Trades in $53 Mil Deal
Gateway 101, a 92.1k sf retail center in East Palo Alto, sold for $53.2 mil ($577/sf). The center, fully leased to two national, investment-grade tenants, was sold by Regency Centers Corporation. The buyer was a private forei...
| Red Tail Land Development Buys Five Acres in Vacaville
Red Tail Land Development LLC purchased a five-acre residential development site in Vacaville, CA. Located at 148 Peabody Rd, the site currently consists of a multi-tenant industrial building that is situated within a Residen...
| Daly City Office Asset Trades in Deal Valued Near $168 Mil
Harvest Properties and an affiliate of Cerberus Capital Management L.P. have sold DC Station, a 385k sf, Class A office building and adjacent seven-level parking structure in Daly City. From what we hear, the deal had a total...
| Trumark Homes to Develop Two New Home Communities in Central California
Trumark Homes will develop two new home communities within the River Islands master-planned community in Lathrop, a central CA city about midway between Stockton and Modesto. River Islands offers homeowners amenities such as...
| Planned Mixed-Use Development in San Jose Will Include a Life Time Athletic Resort
The Boulevard, a planned mixed-use development coming to San Jose’s West Valley, has been fully approved by the City of San Jose and is slated to get underway in the fourth quarter of 2021.
The project, a development of Cyp...
| East Bay Multifamily Property Goes for $219k/Unit
Terrace Towers, a 41-unit apartment building in Hayward, was sold for $8.99 mil, or $219k per unit. The low-rise, three-story apartment complex is located at 23976 2nd St, east of Mission Blvd in Hayward Hills.
| Bay Area Industrial/Retail Building Goes for $9 Mil
A 44.1k sf, multi-tenant industrial and retail building in San Leandro sold for $9 mil ($204/sf). The facility, which sits atop 2.72 acres at 14664-14680 Washington Ave, was sold by Lighthouse for the Blind & Visually Impaire...
| New Garden-Style Residential Project Slated to Open in West Sacramento
The Strand, a three-story garden-style apartment community located in West Sacramento, is nearing completion. The 408-unit project is a development of MBK Rental Living.
Offering upscale living with easy access to the capita...