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December 9, 2023
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• IDEAYA Biosciences Leases 44k sf in South San Francisco
IDEAYA Biosciences, a clinical-stage precision medicine oncology company, inked a long-term lease for 44k sf of space at 5000 Shoreline Court. Owned by DivcoWest, 5000 Shoreline Court is a 140k sf, Class A building on the bay...
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• Two CA Central Valley Res Properties Sell in Deals Worth $15.6 Mil
The Mogharebi Group (TMG) has successfully secured the sale of two Central Valley multifamily communities totaling 102 units in separate transactions valued at $15.6 million combined. Here’s the scoop on two multifamily deal...
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• East Bay Industrial Park Secures $19.4 Mil Refi
Central Avenue Center, a five-building, 150k sf multi-tenant industrial park in the East Bay city of Richmond, was refinanced with a $19.4 mil permanent loan. It was used to take out a maturing CMBS loan. The park serves a d...
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• Madison Capital Group Acquires East Bay R&D Campus in $260 Mil Deal
Madison Capital Group purchased a 575.8k sf R&D property in the East Bay city of Fremont in a deal reported to be worth $260 mil. The asset, previously used as a manufacturing plant by Solyndra, was sold by Seagate Technology...
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• Swenson Receives Approval by Santa Cruz City Council for Mixed-Use Development
The Santa Cruz City Council approved an application for entitlements by Swenson on a mixed-use development at 530 Front St in Santa Cruz. The proposed project is located on the corner of Front St and Soquel Ave, the gateway t...
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• Redevelopment of Burlingame’s Historic Post Office Property Well Underway
Construction of the new 220 Park development in downtown Burlingame is nearing completion. The project returns and integrates the historic Burlingame Post Office building to its original location. The 1,010-ton 1940s-era B...
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• Ohana Real Estate Acquires the Claremont Hotel & Spa in $163 Mil Transaction
Redwood city-based Ohana Real Estate acquired the Claremont Hotel & Spa, a 276-room hotel property in Claremont, in a deal worth $163 mil ($591k/room). The asset is managed by Fairmont Hotels. The property was sold by Toront...
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• Four Multifamily Properties Trade in Deals Totaling Over $7 Mil
Here’s a quick look at four multifamily transactions totaling $7.215 mil in San Jose that closed during March 2023. The properties have a combined 22 units. The closed transactions consist of: • 2785 Almaden Road – a five-u...
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• Premier Workspaces Opens New Location in Concord
Coworking operator Premier Workspaces has opened a new location at Sutter Square, a nine-story, 180k sf office building in the Bay Area city of Concord. Located at 1800 Sutter Square, the new center will boost Premier’s North...
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• San Jose Apartment Property Goes for $252k/Unit
Ranchero Palms, a 61-unit multifamily community in San Jose, traded hands for $15.38 mil, or $252k/unit. The property is located at 1175 Ranchero Way, west of San Tomas Expwy and south of I-280. Ranchero Palms has 45 one-bed...
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• Escapology Escape Room Commits to Trio of CA Locations
Escapology Escape Room inked deal for three retail new locations throughout California as part of the brand’s nationwide expansion. Escapology, a fast-growing growing escape room franchise, offers dynamic 60-minute immersive ...
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• Prologis Picks Up Industrial Facility in the East Bay
Prologis acquired a 21.4k sf, cross-dock warehouse on 5.31 acres in Hayward from an undisclosed seller to Prologis. Located at 651 Sandoval Way, the property has a remodeled office building, truck service maintenance building...
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• Fully Leased R&D Facility in Sunnyvale Hits the Market
GI Partners has put on the market a 75.4k sf, mission-critical, fully leased R&D facility in Sunnyvale. The property, most recently renovated in 2015, is located at 825 Stewart Dr. The building is 100% leased to an American...
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• South Sacramento Multifamily Property Trades for $111k/Unit
Continental Terrace, a 142-unit multifamily property in South Sacramento, sold for $15.75 mil ($110.9k/unit). Located at 6915 Lewiston Way, Continental Terrace offers a mix of studio and one-bedroom floor plans ranging in siz...
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• Recent Leases Bring San Mateo Power Center to Fully Leased
Bridgepointe Shopping Center, a 572k sf retail power center in San Mateo, is now fully leased, thanks to 131.2k sf of leases signed over the past three years. The center, located at 2280 Bridgepointe Pkwy, was redeveloped fro...
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• Tishman Speyer and San Francisco Giants Begin Leasing Residential Units at First Project 28-Acre Mission Rock Campus
The Canyon, a new 283-unit res tower development in San Francisco’s China Basin area, has been completed and is now leasing. The project was built by the Mission Rock development team, a partnership between the San Francisco ...
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• Trammell Crow Company and JV partner Clarion Partners Receive Approvals for Second Phase of Bay Area Industrial Development
Trammell Crow Company (TCC) and JV partner Clarion Partners LLC. have achieved the required discretionary approvals for the second phase of development at the Fairfield Industrial Center in the Bay Area city of Fairfield. The...
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• Fresno Multifamily Property Trades for $124k/Unit
Northbrook Apartments, a 92-unit, garden-style multifamily community in Fresno, sold for $11.4 mil, or about $124k/unit. The single-story complex is located at 584 E. Bullard Ave. Northbrook Apartments offers a mix of one- a...
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• Sterling Organization Purchases Two Bay Area Retail Assets for $40 Mil
Sterling Organization recently acquired two Bay Area retail properties in a deal valued at $40.45 mil. The acquisition consisted of Franciscan Center, a 106.8k sf retail center, and Mohave Center, a 10.2k sf strip center, bot...
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• Silergy Technology Leases 28k sf of Silicon Valley Corp HQ Space
Silergy Technology has leased 27.7k sf of Class A office/R&D space for its new larger corporate headquarters in Silicon Valley. Silergy, a semiconductor company, will occupy the entire top floor of the six-story building loca...
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