| 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...
| Phase 3 Real Estate Partners Inc and Bain Capital Real Estate Land $400 Mil for Construction of Bay Area Life Science Campus
Phase 3 Real Estate Partners Inc and Bain Capital Real Estate have obtained a $400+ mil construction loan for Genesis Marina, a to-be-built, waterfront Class A+ life science campus totaling approximately 570k sf in the Bay Ar...
| East Bay Office Complex Inks Two Deals Totaling 40k sf
There have been two recent leases to report at The Towers Emeryville, an 816k sf, Class A office park owned by KBS Real Estate investment Trust III in the East Bay city of Emeryville. The transactions include a new 20.3k sf l...
| Nome Capital Partners Acquires 315k sf Sacramento Office Asset for $57.5 Mil
In a notable Sacramento office buy, Nome Capital Partners paid $57.5 mil for a two-building, 315.4k sf ($182/sf) asset. The office park, located at 1625 and 1747 North Market, was sold by Pac West Office Equities, L.P.
| Tishman Speyer Acquires 700k sf Silicon Valley Office Campus
Tishman Speyer acquired a four-building, 700k sf Class A office campus in Sunnyvale, within the city’s Moffett Park submarket, in a deal estimated to be worth $365 mil. The campus, located at 1395 Crossman Ave, currently serv...
| Sacramento Industrial Asset Trades for $79/sf
A 133.4k sf industrial property in Sacramento sold for for $10.5 mil ($79/sf). Located at 4632 Raley Blvd, the property was fully leased to American Tire Distributors at the time of sale.
The single-tenant industrial buildi...
| Erickson Companies Spends $26 Mil on Industrial Portfolio in AZ and CA that It Occupies
Erickson Companies purchased a multi-state industrial portfolio consisting of a 40k sf headquarters facility on 13 acres in Chandler, AZ and a 20k sf facility on 15 acres located in the Sacramento-area city of Roseville. The ...
| Bay Area Waterfront Project Lands $166 Mil in Financing
In a large Bay Area financing deal, NorthMarq has secured $166 mil in debt and joint venture equity for the development of The Launch, a 368-unit waterfront multifamily community in Alameda. The project represents the first j...
| Two-Building Bay Area Portfolio Purchased by Kennedy Wilson Fund VI for $32 Mil
Fremont Research Center, a two-building, 115.5k sf commercial portfolio in Fremont, was acquired by Kennedy Wilson Fund VI in a $32.3 mil transaction. The complex, located at 47200 Bayside Pkwy and 3500 W Warren Ave, is curre...
| Comstock Realty Partners and Dune Real Estate Partners Lock Up $52 Mil in Construction Money for San Francisco Redevelopment Project
A joint venture between affiliates of Comstock Realty Partners and Dune Real Estate Partners have obtained $52 mil in construction financing for The Maclac Building, a five-story, 108k sf PDR-zoned redevelopment project in Sa...
| Kylli Inc Lands $750 Mil in Financing on Its Burlingame Point Office Campus in the Bay Area
Kylli Inc has secured $750 mil in refinancing on its Burlingame Point office campus on the San Francisco Peninsula. The new, state-of-the-art campus is LEED Gold-certified property and consists of four Class A office/R&D/lif...
| Final Building Sale in Break-Up Execution of Rancho Cordova Retail Center Generates $1.8 Mil
A Stockton-based private investor purchased a vacant, 26.5k sf retail building in Rancho Cordova for $1.8 mil ($68/sf). The building, constructed in 1975 and formerly occupied by Fit Republic, is situated on 2.41 acres at 281...
| Brookfield Property Partners Spends $630 Mil on Bay Area Office Asset
A Brookfield Property Partners affiliate purchased a two-building, 456.8k sf office asset in Mountain View in a $630 mil transaction. Built in 2017, the complex is leased to WeWork.
The property is located at 401 and 391 San...
| NoCal Investors Trade Modesto Multifamily Community in $17.5 Mil Deal
Trails at 212 Apartments, a 97-unit community in Modesto, sold for $17.55 mil, or $181k per unit. Built on a 5.32-acre site in 1985, Trails at 2112 Apartments is located at 2112 Floyd Ave, with significant exposure on frontin...