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• NoCal News Briefs
4/21/04
SAN FRANCISCO – It looks like Hawthorne Plaza, a 419k sf office complex at 75/95 Hawthorne in San Francisco, is about to be sold. According to a recent edition of Real Estate Alert, Triple Net Properties has agreed to pay aro...
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• Here's a Chance to Get Yourself in Cosmo
4/20/04
Here's a unique opportunity to own your own boutique hotel in the heart of San Francisco, one of the world's most popular vacation cities. The Hotel Cosmo, a 144-room hotel formerly known as the Bedford Clarion Hotel, has bee...
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• Rolling Oaks Gathers San Diego Buyer
4/19/04
The ConAm Group of Companies, a San Diego-based real estate investment firm, acquired Rolling Oaks Apartments, a 292-unit institutional multi-housing community in the heart of the North Bay. Strategically located in the rolli...
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• CB Inks Trio of Deals for the Commons People in San Mateo
4/16/04
Here's a chance to catch up on a number of recent office lease comps from San Mateo, thanks to CB Richard Ellis' Lees-Grant team, who get brokerage credit for all of these deals. We'll start off with a trio of deals at the Ga...
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• April 14, 2004 - $36 Mil Should Get You a 13-Story Silicon Valley Office Tower
4/14/04
A Santa Clara office property is on the market, as Lennar Partners is marketing a $41.6 mil non-performing loan on an office tower that is subject to foreclosure, according to Real Estate Alert. The property is Regency Plaza,...
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• Malcolm in the Middle of Folsom Development Site
4/13/04
Here's a quick update on a couple of exciting new residential towers that are planned for San Francisco. One of the projects is a 21-story development proposed for 631 Folsom St, between 2nd and 3rd Streets. Malcolm Propertie...
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• Hayward Lease is a Custom Bilt Deal
4/12/04
In this report we'll catch up on some recent East Bay industrial activity, as we cover three sales and three leases from the region, courtesy of Lee & Associates, which negotiated the transactions. We'll begin with the sales,...
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• Investor Spends $16 Mil Shopping at Pavilions
4/08/04
A private investor from Yuba City paid $16.2 mil for the Pavilions at Tyson Lane, an 84-unit ($192.9k/unit) apartment complex at 38740 Tyson Lane, south of Peralta Blvd in Fremont. Built in 1992, the property contains a total...
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• Popular Fisherman's Wharf Retail Center on the Market for Over $1,000/sf
4/07/04
A popular shopping center in San Francisco's Fisherman's Wharf is reportedly on the market. According to a recent story in the San Francisco Business Times, the owners of The Anchorage, an 80k sf center located between Pier 3...
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• San Francisco Civic Center Building the Site of Possible Residential Project
4/06/04
An older Civic Center office building in San Francisco is the subject of another possible residential conversion project, as the building's main tenant, Bank of America, is preparing to vacate its space. According to a recent...
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• Buyer Makes Federal Case out of Westgate Mall Sale
4/05/04
Federal Realty Investment Trust (NYSE:FRT) has purchased Westgate Mall, a 637k sf shopping center in San Jose, for $97 mil in cash from a private owner. Federal Realty plans to increase the value of the property through the r...
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• Dreyer's Scoops Out 24k sf of Office Space at Oakland City Center
4/02/04
Shorenstein has inked another sweet deal at its City Center office campus in Oakland, as Dreyer's Grand Ice Cream Holdings Inc has leased 23.9k sf of office space at 555 City Center in the city's downtown area. The company, ...
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• NoCal Retail Notes
4/01/04
SAN FRANCISCO (San Francisco County) – Heitman Capital Management has put the 854k sf Stonestown Galleria on the market on behalf of its owner, a partnership that includes the San Francisco City & County Employees. Per a rece...
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• Bay Area Deal Notes
3/31/04
UNION CITY (Alameda County) – Mango King LLC, a Philippines-based distributor of dried mangos and mango jelly, paid $6.9 mil for a 97.5k sf ($71/sf) industrial building at 33200 Lewis St. Mango King, which is relocating from ...
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• Pokemon Products Company takes a 35k sf Poke at San Francisco Office Market
3/29/04
Shogakukan Inc, the creator of numerous action figures including Pokemon, paid $5.1 mil for the old North Point Theatre, located at 295 Bay St in San Francisco. The 35k sf ($146/sf) building will be the US HQ facility for Sh...
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• Passco Receives Fair Price for Antioch Mall
3/26/04
Delta Fair Shopping Center, a 156k sf retail center in the NoCal city of Antioch, traded hands for $16.5 mil, or about $106/sf. Located at 2710 Delta Fair Blvd, the property was purchased by the Gabriel Chiu Family Trust, a P...
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• Macy's Becomes Its Own Landlord in Union Square
3/25/04
Macy's, the venerable national retailer owned by Federated Department Stores, recently purchased the 264.8k sf building in San Francisco's Union Square that it had been leasing for years. According to a recent article in the ...
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• Richmond Site to be Developed into 80k sf Warehouse/Office Project
3/24/04
Oakland-based GMB Realty Partners plans to develop an 80k sf warehouse/office project on a five-acre parcel that it just acquired at Meeker Ave and Marina Bay Pkwy in Richmond. Per the SF Business Times, GMB paid $1.5 mil ($6...
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• March 22, 2004 - $20 Mil Hob Nob on Top of Nob Hill
3/22/04
A San Francisco investment entity acquired a 72-unit apartment property at the top of Nob Hill. Located at 1221 Jones St, a couple of blocks north of California St, the complex sold for $20.5 mil, or about $285k/unit. Origina...
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• Fresno Warehouse Property Sells for $25/sf
3/19/04
A Sacramento investor purchased the Las Palmas Warehouse Complex for $3.345 mil. The two-building, 135k sf ($25/sf) complex sits on 7.5 acres of land located at 5405-5425 East Home Ave in Fresno, California. Originally buil...
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