| 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...
| Construction Started on Affordable Housing Community in Santa Clara
Construction is underway on a new 196-unit, 100% affordable-housing community developed by St. Anton Communities at 2233 Calle Del Mundo in the City of Santa Clara. Called St. Anton Tasman, the transit-oriented development is...
| City of Oakland Buys 63-Unit Former College Dormitory Property for $13 Mil
Clifton Hall, a 63-unit former college dormitory in Oakland’s Rockridge neighborhood, sold for $13 mil, or $206k per unit. The property, located at 5276 Broadway, was purchased by the City of Oakland for use as interim and pe...
| Toda America Dublin Down on Tri-Valley Office Market
Hites Plaza, a 120.2k sf, Class A office building in the Bay Area’s Tri-Valley region, was acquired by Toda America for $34.7 mil, or $289/sf. The four-story building is located at 5601 Arnold Rd, north of I-580 and east of I...
| Alta Housing Breaks Ground on Palo Alto Affordable Housing Project
Alta Housing (formerly Palo Alto Housing ) has broken ground on Wilton Court, a new 100% affordable residential rental community in Palo Alto. The new 59-unit residential development, located at 3705 El Camino Real, will pro...
| Minkoff Group Secures $114 Mil for Development of 180k sf Silicon Valley Office Project
Minkoff Group, a Silicon Valley-based developer led by Daniel Minkoff and Will Birdsey, has obtained a $114 mil construction loan for the development of 100 Altair, a 180k sf office building to be built in Sunnyvale. Square M...
| Prologis Buys Bay Area Industrial Dev Site
Prologis has acquired Shaw Business Center, an 8.2-acre site in a strategic South San Francisco location.
Located at 200-212 Shaw Rd, 214-218 Shaw Rd and 1264-1272 San Mateo Ave, the property is adjacent to San Francisco Int...
| Palo Alto R&D Property Acquired by Graymark Capital
Graymark Capital acquired a vacant, single-story office/R&D asset in Palo Alto. The property was recently vacated by a medical device company building a digital surgery platform.
The two-building, 24k sf complex is located ...
| Buzz Oates Companies Buys Industrial Facility in West Sacramento
Buzz Oates Companies purchased a 135.9k sf industrial facility in West Sacramento for $20.8 mil, or $153/sf. The property, located at 3925 Seaport Blvd, is fully leased to Raley’s, a privately held family of grocery stores in...
| Thor Equities Spends $50 Mil on 96k sf Silicon Valley Office Building
Thor Equities has purchased a 96.5k sf building within District 237 in San Jose for $50.5 mil ($523/sf). The building, located at 350 Holger Way, was sold by KBS Real Estate Investment Trust II.
350 Holger Way, a three-story...
| Lathrop Chipotle Sells for $1,371/sf
A new, 2.3k sf single-tenant net lease Chipotle Mexican Grill in Lathrop (San Joaquin County) sold for $3.185 mil, representing a price per square foot of $1,371 and a cap rate of 4.05%, a record-low cap rate for a new Chipot...
| Davlyn Investments Completes $95 Mil Sacramento Area Apartment Purchase
Davlyn Investments has purchased The Terraces at Highland Reserve, a 273-unit, Class A multifamily community in Roseville, CA, for $95 mil ($348k/unit). Constructed in 2002, the property will be re-branded as Ascent at the Ga...
| Affordable Res Community in Redwood City is Welcoming Its First Tenants
Fair Oaks Commons, a new, 100% affordable residential rental community in Redwood City, has been completed and is now welcoming tenants. The project, located at 2821 El Camino Real, is a development of Alta Housing.
| Construction Started on Medical Office Building in El Dorado Hills
Construction is underway on a new ground-up medical office building in El Dorado Hills, an affluent submarket of Sacramento. The mostly speculative, Class A project, located at 8105 Saratoga Way, is owned by a medical group t...