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• High Street Residential Starts Work on Millbrae Residential Development
10/17/24
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has commenced construction on One Meadow Glen, a new residential community in Millbrae, a Bay Area city situated about 15 miles south of San ...
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• East Bay Single-Tenant Jack in the Box Property Sells for Over $1,500/sf
10/15/24
A private investor from Thousand Oaks paid $4 mil for a 2.6k sf ($1,538/sf), corporate single-tenant property occupied by Jack in the Box Drive-Thru in Alameda.
The drive-thru property, originally renovated in 1991, sits on ...
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• Oakland Apartment Property Sells for $293k/Unit
10/11/24
A 29-unit multifamily asset in Oakland sold for $8.5 mil, or $293k unit. The property is located at 765 Rand Ave, in Oakland's Lakeshore neighborhood between Lakeshore and Grand Avenues.
The property offers tenants access t...
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• Pacific Urban Investors Buys Milpitas Res Community
10/11/24
Here’s news of a large multifamily trade in Silicon Valley, Ascend Apartments, a 266-unit multifamily community in Milpitas, was acquired by Pacific Urban Investors in a recent off-market transaction said to be worth about $...
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• Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, celebrated its official grand opening this month. The project is a development of STC Venture LLC, a joint venture between affiliates of Hunter Pa...
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• Mary Hines and Jennifer Vergara Join CBRE as Vice Chairs
10/10/24
Mary Hines and Jennifer Vergara have joined CBRE as Vice Chairs to its Life Sciences Practice in the San Francisco Bay Area. The duo specializes in tenant and landlord representation of life science across the Bay Area and ar...
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• North Sacramento Warehouse Property Trades in $5.8 Mil Transaction
10/09/24
A 58.2k sf warehouse in north Sacramento was purchased by a private investor in a $5.82 mil ($100/sf) transaction. The property is located at 600 – 610 Sequoia Pacific Blvd, just east of I-5 and adjacent to the American River...
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• Pacific West Communities Buys Santa Cruz County Development Site
10/04/24
Pacific West Communities Inc has acquired a 2.58-acre undeveloped site at 41st Ave and Soquel Dr in Soquel, CA for $10.35 mil. Pacific West, with development partner Linc Housing, plans to construct a new 289-unit residential...
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• San Francisco’s Phoenix Hotel Acquired by Michel Suas of the San Francisco Baking Institute in $9 Mil Deal
9/26/24
The Phoenix Hotel, a 44-room hotel property in San Francisco’s Tenderloin district, traded in a $9.1 mil transaction from about a month or so ago. The asset, located on a 38k sf lot at 601 Eddy St, was acquired by Michel Suas...
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• Modesto Res Property Trades for $17 Mil in a Workforce Housing Deal
9/25/24
Rumble Road Apartments, a newly constructed 50-unit multifamily community in Modesto, CA, traded hands for $17 mil, or $340k per unit. The property, located at 2531 West Rumble Rd, was acquired by Aspen Real Estate Financial ...
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• SC Properties Closes on $37.5 Mil Bay Area Office Buy
9/24/24
San Mateo-based SC Properties has acquired San Mateo Gateway Center, a 235k sf, Class A office campus in San Mateo. The property was sold by Kennedy Wilson in a deal that industry sources say came in at $37.5 mil, or about $1...
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• BKM Capital Partners Wraps Up $110 Mil Recapitalization of Light Industrial Portfolio
9/19/24
BKM Capital Partners has executed a $110 mil recapitalization of a five-property, light industrial portfolio. The transaction also marks an expansion of BKM’s partnership with a global investment manager, bringing the joint v...
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• Silicon Valley R&D/Office Building Sold for $169/sf
9/18/24
A 64k sf R&D/office building in San Jose traded hands in a $10.8 mil ($169/sf) transaction. The property was sold by The RMR Group.
The single-story building sits on 4.27 acres at 3939 N. First Street. It features modernized...
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• JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
JRK Property Holdings has acquired two Class A multifamily communities in Minneapolis and San Francisco in separate transactions totaling nearly $100 mil. JRK made the purchases through its JRK Platform 5 Fund.
JRK Platform ...
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• Multifamily Property in Manteca, CA Sells for $268k/Unit
9/12/24
A SoCal-based private investor has acquired Laurel Glen, a 152-unit multifamily property in Manteca, a Northern California city of 84,000 people situated directly east of San Francisco, roughly midway between Stockton and Mod...
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• Milan Capital Management Acquires San Jose Power Center in $95 Mil Buy
9/11/24
In a significant retail acquisition in Silicon Valley, Milan Capital Management has purchased The Plant, a 367.9k sf regional power center in San Jose, in a transaction valued at $95 mil. Milan made the purchase in a joint ve...
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• T&T Supermarket to Open First CA Store in San Jose
9/05/24
T&T Supermarket Inc is opening their first store in California, at Westgate Center in San Jose. The new 55k sf store, located at 1600 Saratoga Ave, is set to open in fall 2025.
Bay Area residents will recognize its location...
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• San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
In a recent NoCal multifamily trade, an entity affiliated with The Spieker Companies has acquired the San Mateo Hills apartment portfolio, a 200-unit collection of five properties located in San Mateo. The portfolio sold for ...
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• Pac West Equities Acquires 267k sf of Industrial Assets in the Bay Area
8/28/24
Two industrial assets in the Bay Area totaling 266.7k sf of space were acquired for $44.5 mil ($167/sf) by Pac West Equities, an affiliate of Buzz Oates. The warehouse properties, located at 75 and 89 South Kelly Rd in Ameri...
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• Beckman Coulter Extends Lease for 60k sf in San Jose
8/23/24
Beckman Coulter Inc, a developer and manufacturer of biomedical testing products, has inked an extension on its lease for 60k sf or space in San Jose. The company is located at 170 Rose Orchard Way, within the five-building, ...
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