| Recently Developed San Francisco Res Project Lands $104 Mil in New Financing
Panoramic Interests has locked up new financing of $104 mil on City Gardens, a recently developed, 200-unit multi-housing property located in San Francisco.
City Gardens consists of two-, four- and five-bedroom micro-units,...
| Oakland Office Building Trades in $400 Mil Deal
In a major Bay Area office trade, Mapletree Investments, out of Singapore, has purchased Uptown Station, a Class A, 397k sf office/retail building in Oakland. The 1920s-era property was sold by CIM Group in a transaction said...
| New Residential / Retail Project Approved by San Francisco Planning Commission for City’s Mission District
The San Francisco Planning Commission has approved 321 Florida, a residential and retail arts project at Florida and 16th Streets in the city’s Mission District. The project is being developed by a venture between DM Developm...
| Horizon Realty Advisors Buys 144-Unit Sacramento Apartment Community
Seattle-based Horizon Realty Advisors purchased Apex on the River, a 144-unit multifamily community in Sacramento, for an undisclosed price. Located at 8719 Woodman Way in the La Riviera submarket, the apartment complex backs...
| BioScience Properties and Harrison Street Pay $40 Mil for Mountain View Building
A joint venture between BioScience Properties and Harrison Street purchased a 67k sf building in Mountain View for $40.75 mil ($608/sf). In light of strong demand for life science laboratory facilities, the buyer plans to imp...
| Signature Development Group Lands $130 Mil in Construction Money for Oakland Res Project
Signature Development Group has obtained $130 mil in construction financing for the development of Brooklyn Basin – Parcel G in Oakland. The project is fully entitled for 371 multifamily apartment homes and 31k sf of retail s...
| New Sacramento-Area Starbucks Trades at 4.14% Cap Rate
A new construction, single-tenant Starbucks Drive-Thru at Zinfandel Village, a grocery-anchored shopping center located at the on/off-ramp to U.S. Route 50 (Lincoln Highway) in Rancho Cordova, traded hands for $2.55 mil. The ...
| Black Creek Group Underway with Bay Area Distribution Project
Black Creek Group has broken ground on a new 481.5k sf industrial development in the city of Richmond. The distribution project, situated on a 34-acre site at 500 Pittsburg Ave, near the intersection of Pittsburg Ave and Rich...
| Hines Global Income Trust Spends $68 Mil on Silicon Valley Office/R&D Building
Hines Global Income Trust Inc has acquired a 129.2k sf, single-tenant office, research and development building in Santa Clara in a deal estimated to be worth $68 mil, or around $525/sf. The building is located at 5301 Patric...
| Duke Realty Moving Forward on Multiple NoCal Industrial Projects
The NoCal office of Duke Realty acquired two recently upgraded industrial facilities in Oakland, 17.4 acres of land in San Jose and 7.9 acres of land in Richmond with plans to redevelop the two sites. The company also plans t...
| Units Offered for Sale at New Affordable Housing Project in Brea
With construction now complete, sales efforts have begun at the Flats at West Village, a new 20-unit, affordable housing community in Brea. Developed by Trumark Homes in partnership with the City of Brea, the project offers a...
| Sacramento-Area, Institutional-Quality Res Community Expected to Fetch Near $105 Mil
A recently developed suburban apartment complex is being marketed for sale in Roseville, a high-growth submarket within Sacramento — one of the best performing metros nationwide for multifamily sector growth.
| Vacant Post Office Property in Burlingame to be Redeveloped into Modern Office/Retail Project
The Burlingame City Council has approved the development of a landmark project that will bring approximately 185k sf of office and retail space to the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
| Nazareth Enterprises Pays $980/sf for Retail Building in Downtown San Mateo
Nazareth Enterprises Inc has purchased a 7.5k sf retail building in downtown San Mateo for $7.35 mil ($980/sf). The property is located at 616 S B St, between Hwy 82 and Delaware St.
The property is currently leased by Ke...
| Sacramento Retail Trade Works Out to $139/sf
Nazareth Enterprises Inc paid $5.375 mil for EcoThrift Mall, a 38.6k sf ($139/sf) retail building on 3.6 acres, together with an adjoining, developable parcel of 0.77 acres, located at 7224 55th St in Sacramento. Led by Mouni...
| Presidio Bay Ventures Secures $80 Mil in Construction Money for San Francisco Res Development
Presidio Bay Ventures has obtained $80 mil in construction money for the development of the Ventana Residences, a 193-unit, family-centric residential project in San Francisco. The loan was arranged by Gantry.
The 193-unit, ...
| Oakland Apartment Building Sells for $469k per Unit
A nine-unit multifamily property located just steps from Lake Merritt in Oakland sold for $4.225 mil, which works out to over $469k per unit. The property, Blake Manor, is located at 570 Boden Way, west of I-580 and a block f...
| Goldman Sachs and Lincoln Property Company Buy 88k sf Silicon Valley Office Asset
A joint venture between the Merchant Banking Division of Goldman Sachs and Lincoln Property Company has purchased an 87.6k sf office building at 331 Fairchild in the Silicon Valley city of Mountain View. The deal was financed...
| BentallGreenOak Buys 600k sf Bay Area Warehouse Property
BentallGreenOak purchased North Bay Logistics Center, a 607.2k sf, fully net-leased distribution warehouse in the San Francisco Bay Area city of Fairfield. The price was not disclosed.
North Bay Logistics Center was complete...
| CIP Real Estate Closes $33 Mil Industrial Buy in the East Bay
CIP Real Estate LLC has acquired Cabot Business Park, a “best in class” flex/industrial park located at 23575, 23595, 23785 Cabot Blvd and 3777 Depot Rd in Hayward. The 140k sf asset was sold by a partnership of Canyon Partne...