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• SF's Pacific Center Soon to Be Part of Jamestown
2/19/04
In what could be the largest property deal in San Francisco in the last five years, an Atlanta-based investment fund is reportedly in escrow to purchase Pacific Center, which consists of the 198-room Hotel Palomar and the 100...
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• Bay Area Lease Review
2/18/04
SAN FRANCISCO – The law firm of Morgenstein and Jubelirer inked a renewal/expansion lease at the Spear St Tower in Equity Office Properties' One Market complex. The new deal is for 40k sf, roughly double the firm's previous s...
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• Richmond Multifamily Complex Sells for $32 Mil
2/17/04
A San Diego investor acquired the 342-unit Hilltop Apartments 2300 Lancaster Dr in Richmond. The buyer, who is also developing multifamily projects in Northern California, paid $32.5 mil ($95k/unit) for the investment, well b...
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• New 750k sf Distribution Facility in NoCal is G-R-E-A-T!
2/17/04
Whittier-based Oltmans Construction has been busy putting together new distribution facilities in the NoCal city of Tracy. The veteran general contracting firm has a pair of buildings under construction, with a combined value...
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• Shorenstein Signs Two more at 555 City Center
2/13/04
Here's the latest activity from Shorenstein's Oakland City Center, the 3.5 msf office complex above the 12th St BART station in downtown Oakland. The law firm of Mullen & Filippi, which specializes in workers compensation def...
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• Bascom Checks into Bellevue
2/12/04
Bascom Northwest Ventures purchased Eden Roc Apartments, a 92-unit complex at 13831 Northeast 8th St in Bellevue, Washington. The property sold for $5.925 mil, or about $64.4k/unit. Bascom Northwest is based out of San Franci...
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• Pair of Palo Alto Office Sales by HP Computes to $34 Mil
2/11/04
Hewlett-Packard recently collected a tidy sum from the disposition of two Palo Alto office properties. According to a recent article in the San Francisco Biz Times, the giant computer company received $34.2 mil from the sale ...
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• Napa Group Picks Up Former Ghiradelli Factory in San Francisco
2/10/04
A Napa-based private investment group acquired a 57.8k sf historic office property in San Francisco, which sold for $18.75 mil ($324/sf). The four-building property, built in 1853, also contains a 4.2k sf surface parking lot ...
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• Cushman & Wakefield Wins Retail Leasing Assignment at Embarcadero Center
2/10/04
Cushman & Wakefield, the international real estate services firm, has been awarded a prestigious retail leasing assignment in San Francisco, having been named leasing agent for the retail portion of the world-renowned Embarca...
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• Richards is a Lock for Sperry Van Ness Expansion in NoCal
2/09/04
Sperry Van Ness, the Irvine-based investment brokerage firm, has expanded its presence in the Northern California commercial real estate market by awarding an affiliation to Lock Richards and his firm, Highland Commercial. R...
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• An Uncommon Deal at Gateway Commons
2/06/04
In one of the largest office deals in San Mateo County in the last few years, Genentech Inc agreed to a lease for 141.3k sf of space at Boston Properties' Gateway Commons complex in South San Francisco. According to the San F...
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• New Investment Activity on New Montgomery
2/05/04
Investment activity for San Francisco's office market kicked off the new year on a good note, as a San Mateo-based buyer purchased 90 New Montgomery, a 15-story, 125k sf office building in the city's financial district. Accor...
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• Bay Area Apartment Buyers Head for the Hills
2/04/04
A San Francisco-based investment partnership paid $28 mil for Lombard Place Apartments, a 109-unit ($256.9k/unit) three-building community in San Francisco's Russian Hill district. The buildings make up one of the largest mul...
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• South San Francisco Industrial Facility Hits the Market
2/03/04
Here's an interesting investment opportunity in South San Francisco, as Marcus & Millichap's Jacob Levy is marketing a 114k sf warehouse/manufacturing building in the Cabot and Forbes Industrial Park. The seller, a Palm Deser...
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• Sub-Lessor for Nokia Space in Petaluma is a Myth
2/02/04
In leasing activity north of the Golden Gate Bridge, two more tenants have touched down at Hamilton Landing, the 550k sf business park crafted from World War II airplane hangars at the former Hamilton Air Force Base in Novato...
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• The Best Buy for Distribution Space is In Livermore
1/30/04
Industrial Developments International (IDI), the nation's largest industrial developer, has inked a lease with electronics retail giant Best Buy for a 286.1k sf distribution facility in the Bay Area community of Livermore. Bu...
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• Kmart Gets into the Kohl Mining Business
1/29/04
Two major big-box retailers have secured new Bay Area sites. Kohl's Corp acquired four Kmart locations, reportedly agreeing to pay Kmart Holding Corp $100 mil for leaseholds in San Jose, Santa Clara and Colma, while Costco is...
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• January 28, 2004 - New Owner Flips for San Francisco Tourist Institution
1/28/04
A San Francisco dining institution and popular tourist destination has been saved from oblivion by a new owner. Sears Fine Food, a Union Square fixture for 65 years famous for its silver dollar-sized Swedish pancakes (their c...
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• January 28, 2004 - Wheel Spin Lands on $15 Mil in San Jose Mobile Home Deal
1/28/04
On the Northern California sales front, Golden Wheel Mobile Home Park LLC paid $15 mil for a 221-unit mobile home community at 1450 Oakland Rd in San Jose. The purchaser used $12.5 mil in financing from GMAC Commercial Mortga...
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• January 27, 2004 - Property Manager Books Rohnert Park Library for Office Use
1/27/04
The owner of one of the North Bay's largest property management companies has acquired the former Rohnert Park library. Eugene Burger, whose Greenbrae-based Eugene Burger Management Corp manages more than 8k units in Marin, S...
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