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Catellus to be Acquired by ProLogis 6/07/05 In a surprise merger announcement that will combine two of the country's big industrial REITs and have significant impacts on California property, CO-based ProLogis will acquire Catellus in a deal valued at around $4.9 bil, i...
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Bay Area News Briefs 6/07/05 OAKLAND (Alameda County) A 42k sf industrial building at 101-151 Hegenberger Rd traded hands for $5.69 mil ($135/sf). The seller, PCCP Lincoln Hegenberger, was represented by Craig Hagglund and Jesse Lucas of Lee & Associat...
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Bay Area Deal Activity 6/06/05 UNION CITY (Alameda County) John Miller purchased a 57.2k sf fully leased facility on five acres at 1205 Atlantic St. Paul Mueller and Paul Beckwith of BT Commercial/NAI represented the buyer and the seller, Stephens & Step...
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Strong Outlook for Retail Investment in San Francisco and Oakland 6/03/05 Retail buyers continue to be lured to the Bay Area by favorable demographic trends, thanks to strong retail sales and a positive long-term outlook for asset appreciation. At least, that's the opinion of Marcus & Millichap, th...
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Intracorp on a Mission in San Francisco 6/02/05 Intracorp San Francisco (ISF) has reached an agreement to purchase a one-acre site in San Francisco's Mission Bay for development of a new residential project. The company, a Bay Area developer of high-density urban infill pr...
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NoCal Pro Moves 6/01/05 The San Francisco office of Studley has expanded considerably after adding six veteran tenant rep brokers to its roster. The new additions are Steve Barker, Kevin Brennan, Matt Hart, Aaron Wright, Michael McCandless and Greg ...
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NoCal Deal Notes 5/31/05 SAN FRANCISCO (San Francisco County) As part of a corporate restructuring that included a relocation from San Francisco to New York, USI negotiated a reduction of 20k sf of its existing lease at 50 California. The transacti...
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Upscale Residential Project Set to Break Ground in Berkeley 5/27/05 A new upscale mixed-use development in the city of Berkeley is scheduled to break ground this fall, with completion slated for the end of 2007. Called The Arpeggio of Berkeley, the community-minded project is being develope...
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Latest Signing is a Biggs Deal for EOP 5/26/05 For those of you who follow office lease comps in Silicon Valley, here are a couple of recent deals at two buildings in Equity Office Properties' substantial portfolio in the region. In one of the transactions, Biggs Cardosa ...
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NoCal Pro Moves 5/25/05 TOM DONOGHUE: Tom Donoghue was appointed Vice President of property management for Equity Office's San Jose Region. Mr. Donoghue is a seasoned real estate executive who joins the company from Shorenstein's western operations....
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CT Realty Closes a Very Commons Buy in Sacramento 5/24/05 Newport Beach-based CT Realty Corp has acquired American River Commons, a 7.4-acre office park in Sacramento. The property was purchased for $9.2 mil ($99/sf) from the Andrew Alan Lewis Revocable Trust and the Simmons Living...
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NoCal Deal Notes 5/20/05 FRESNO (Fresno County) -- A two-story, 16.7k sf office building in Fresno was purchased by a family trust for $2.8 mil ($168/sf). The property, which is located at 111 East Shaw Ave near the 41 Freeway, was built in 1984 and ...
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Owners of TMG Partners to Reorganize into Two Entities 5/19/05 J. David Martin and Michael Covarrubias, owners of TMG Partners, which was formerly known as The Martin Group, have decided to go their own ways. As of May 6, Martin has assumed the former name, The Martin Group, while Covarr...
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San Francisco's Warfield Office Building Trades Hands 5/18/05 A private investor purchased The Warfield Office Building, a historic property at 982-998 Market St in San Francisco's civic center area. The price was not disclosed.
Built in 1921, the property has 69.5k sf of leasable spa...
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Bay Area Deal Activity 5/17/05 WALNUT CREEK (Alameda County) RREEF, the big institutional advisory firm, acquired Mt. Diablo Plaza, a two-building, 317k sf office property in Walnut Creek's Golden Triangle area. The price was reportedly just over $90 mil...
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Bay Area Retail Deal Smorgbasbord from Terranomics 5/16/05 Terranomics, the long-time retail real estate brokerage firm now part of BT Commercial, has been busy closing deals in and around the Bay Area. In this report, we'll update you on a number of the firm's most recent transactio...
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Financing Notes 5/13/05 Holliday Fenoglio Fowler LP (HFF) has arranged $6.4 mil in refinancing for 330 Townsend St, a 61k sf, two-story office building in San Francisco. HFF's Paul Brindley and Todd Sugimoto arranged the 10-year fixed-rate loan thro...
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New Tenants Dock at Marina Village 5/12/05 A spate of new tenants have inked deals for 97k sf of space over the past 12 months at Marina Village in Alameda, while expansion and renewal deals over that same period have totaled more than 180k sf. Formerly a shipyard sit...
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San Francisco's Warfield Theater Fetches Fair Market Value 5/11/05 San Franciso's Warfield Theater was acquired by Atlanta-based Fair Market Properties for about $12 mil, according to a recent report in the San Francisco Business Times. The theater building is currently leased to Clear Chann...
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Bently Drives $46 Mil Buy of Historic Fed Reserve Bldg in San Francisco 5/10/05 San Francisco's historic Old Federal Reserve building was purchased by a private family partnership for $46.8 mil, according to a recent article in the San Francisco Business Times. The 150k sf ($312/sf) building was sold by ...
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