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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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• Brilliant Earth Brightens Up New Union Square Development with Retail Lease
8/18/21
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...
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• Two East Bay Multifamily Sales Total Over $30 Mil
8/12/21
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...
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• Penumbra Inks Sacramento Area Expansion Lease for an Additional 96k sf of Office/Lab Space
8/11/21
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...
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• Community Preservation Partners Closes on 18-Unit Affordable Housing Project in Sacramento
8/11/21
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 ...
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• Freestanding Sunnyvale Office/R&D Building Trades for $19.3 Mil
8/10/21
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...
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• Washington Holdings Buys 378k sf San Jose R&D Campus
8/09/21
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...
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• Rancho Cordova Industrial Asset Fetches $146/sf
8/04/21
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...
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• San Francisco Creative Office Building Acquired by Bridgeton and STARS REI
8/04/21
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...
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• KKR Acquires Silicon Valley HQ Campus in $535 Mil Transaction
8/03/21
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 ...
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• Nome Ventures Buys The Ziggurat Office Building in Sacramento
7/30/21
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...
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• Apple-Occupied Cupertino Office Project Trades for $64 Mil
7/28/21
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.
...
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• GI Partners Buys 230k sf Silicon Valley Office Asset
7/23/21
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/...
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• Bay Area Industrial Facility Attracts $424/sf Price
7/20/21
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...
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