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• JRK Property Holdings Pays $93 Mil for 300-Unit Multifamily Community in San Jose
8/28/23
JRK Property Holdings has acquired Duo Apartments, a 301-unit Class A multifamily community in San Jose, for $93.5 mil ($310k/unit). The purchase was financed with a loan for $62 mil.
Duo marks the third acquisition out of ...
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• North Palisade Partners Pays Nearly $20 Mil for Eight-Acre Site in Hayward
8/24/23
North Palisade Partners acquired a nearly eight-acre site in the East Bay for $19.7 mil. The 100%-leased property, located at 4125 Breakwater Ave in Hayward, is a value-add IOS facility located at the base of the San Mateo-Ha...
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• Walnut Creek Retail Center Gets New Owner
8/22/23
Midtown Plaza, a 24.9k sf urban retail center in Walnut Creek was acquired by an institutional client advised by L&B Realty Advisors. The price was not given out.
Midtown Plaza, located in the heart of downtown Walnut Creek ...
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• San Jose Medical Office Building Purchased by Medical Organization
8/18/23
LGTC Group, an outpatient mental health center, purchased a freestanding, 17.2k sf medical office building in San Jose for $9 mil ($523/sf). The property is located at 4850 Union Avenue in the region’s West Valley community.
...
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• Oakland Office High-Rise Lands $172 Mil in C-Pace Financing
8/17/23
TMG Partners has obtained $172 mil in Commercial Property Assessed Clean Energy (C-PACE) financing on 300 Lakeside Drive, a landmark office building in Oakland that serves as the headquarters for Pacific Gas & Electric Compan...
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• Newly Constructed Chipotle Mexican Grill in Sacramento Sells for $2,152/sf
8/16/23
A 2.3k sf, new construction single-tenant Chipotle Mexican Grill property in Sacramento’s North Natomas area sold for $4.95 mil ($2,152/sf). We’re told the deal came in at the highest price per square foot sale of a single-te...
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• Bay Area Office Building Gets New Owner in $15 Mil Deal
8/15/23
In a recent Bay Area office buy, a private investor paid $15.1 mil for a 34.5k sf ($438/sf) building in Burlingame. The property was sold by the California Society of Certified Public Accountants (CalCPA).
Built in 1950, th...
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• HYC Leases Final Building at Bay Area Spec Industrial Park
8/09/23
HYC, a global leader in industrial automatic test equipment and system solutions, leased the last 35k sf flex-tech building at Pacific Commons South (PCS). The 1.7 msf industrial business park in Fremont is now fully occupied...
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• Tishman Speyer and Mitsui Fudosan America Team Up in $33 Mil San Francisco Distribution Buy
8/08/23
Tishman Speyer and Mitsui Fudosan America (MFA) purchased a 126k sf, last mile warehouse and distribution facility in San Francisco’s India Basin submarket in a $32.75 mil off-market transaction. The urban infill property is ...
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• BH Properties Buys San Francisco’s Anchorage Square in $65 Mil Deal
8/08/23
BH Properties has acquired Anchorage Square, a 322k sf mixed-use property in the center of San Francisco’s famed Fisherman’s Wharf. The property was sold by Anchorage Holdings, a related entity of Abu Dhabi Investment Authori...
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• BWE Originates Freddie Mac Affordable Housing Financing on Five CA Properties
8/01/23
BWE closed five Freddie Mac Targeted Affordable Housing loans to refinance four affordable housing developments in El Dorado County, CA, and one in Sonoma County, CA. BWE’s Jon Killough and John Roberts originated the loans o...
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• Multi-Tenant Retail Building in Modesto Trades for $642/sf
8/01/23
A 6.4k sf, multi-tenant retail pad building shadow-anchored by a Save Mart grocery store in Modesto sold for $4.11 mil ($642/sf). Built in 2018, the three-tenant retail pad building is located on 0.61 acres at 3601 Pelandale ...
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• Advanced Building Solutions Spends $19 Mil on 18-Acre Development Site in Rocklin
7/21/23
Advanced Building Solutions (ABS) has acquired an 18.2-acre residential development site in Rocklin in a $19 mil transaction. The land is fully entitled for a 397-unit, garden-style multifamily development, pricing the land b...
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• Trammell Crow Company (TCC) and CBRE Investment Management Start Work on Bay Area Life Sciences Project
7/20/23
Trammell Crow Company (TCC) and CBRE Investment Management have broken ground on a 234k sf life sciences development in Redwood City, CA. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver during the...
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• Fresno Cold Storage Facility Fetches $8.5 Mil
7/19/23
A 52.5k sf cold storage facility in Fresno was purchased for $8.5 mil ($162/sf) by Southwest Traders, a leading supply chain solutions provider headquartered in Temecula. The property was sold by Florida-based industrial inve...
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• Oakland’s Rotunda Building Signs Two New Tenants
7/18/23
In Oakland office news, there has been two lease extensions totaling 10k sf at the Rotunda Building, a 300k sf office and retail building located at 300 Frank Ogawa Plaza in downtown Oakland. The Rotunda Building is owned by ...
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• Burlingame Industrial Site Goes for $14.5 Mil
7/12/23
A 1.58-acre industrial site in the Bay Area city of Burlingame traded for $14.5 mil. The site, located at 890 Mahler Rd and 1550 Gilbreth Rd, is home to eight separate industrial suites in two adjacent buildings.
The transac...
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• Eden Housing Buys Res Properties Totaling 116 Units in Concord
7/11/23
Eden Housing, a non-profit organization, purchased two multifamily communities totaling 116 units in Concord, CA for $37.25 mil. The company will convert the properties, Sunset Pines and Coral Court Apartments, from market-ra...
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• Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City
7/11/23
Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
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• Windy Hill Property Ventures and Rockwood Capital Pick Up San Jose Res Asset in $83.5 Mil Deal
7/06/23
A joint venture of Windy Hill Property Ventures and Rockwood Capital has acquired Vespaio, a 162-unit Class A multifamily community located in a highly amenitized area in central San José, for $83.5 mil ($515k/unit).
Located...
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