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• January 26, 2004 - Hello & Goodbye
1/26/04
In recent Bay Area sales action, the former Union Square site of the popular Hello Kitty store in San Francisco has sold for $9 mil. The 11.8k sf building at 39 Stockton St was bought from Hello Kitty owner Sanrio by Nord Cap...
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• January 23, 2004 - Anamet Meets New Landlord in Hayward
1/23/04
Bob Ferraro, a VP in the Pleasanton office of Colliers International, recently brokered two deals involving R&D buildings in the south Alameda County market. On his own he represented Anamet Inc in the lease of 13.3k sf at 26...
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• January 23, 2004 - San Francisco Market Shows First Positive Absorption in Three Years
1/23/04
The San Francisco office market has turned a corner. Whether the turning leads to the promised land of lowered vacancies and rising rents or just another trip around the same blocks remains to be seen, but market analysts app...
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• January 22, 2004 - Gathering Moss No More
1/22/04
Plans for the proposed Fountgaingrove Executive Center in Santa Rosa have been gathering moss for the past couple years as Basin Street Properties and Billa Enterprises struggled to find tenants for the new property. Now the ...
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• Investors to Dip into $215 Mil Carmel Fund
1/21/04
San Francisco-based Carmel Partners Inc secured $215 mil in equity commitments to invest in apartment properties primarily in the Western U.S., including the San Francisco Bay Area and Sacramento. Company officers estimate th...
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• January 20, 2004 - That's H-P, For High Price
1/20/04
It looks like Brocade Corp's recent $550/sf purchase of a building it had been leasing in San Jose was not a total anomaly in a market where most Class A office properties are selling for under $250/sf. Hewlett-Packard Corp's...
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• January 19, 2004 - Strawberry Short Take
1/19/04
The University of California has put Tiburon's Strawberry Village shopping center on the block and a buyer has reportedly been found for the Vogue theater in San Francisco, one of four local cinemas being offered by Regal Ent...
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• January 16, 2004 - Who's the Bosch?
1/16/04
Darin Bosch in the San Francisco office of CB Richard Ellis completed six deals in December, including a trio of transactions of more than 15k sf each.
In the smallest of the three, he represented Cloudmark Inc in a 3-year l...
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• January 15, 2004 - Florin Exchange
1/15/04
A partnership headed by developer Buzz Oates closed escrow December 31 on the purchase of a major portion of the struggling Florin Mall in Sacramento. The buyers paid $15 mil, or about $71/sf, for 210k sf of in-line shop spac...
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• NoCal Financing Notes
1/14/04
Calabasas-based ARCS Commercial Mortgage Co just closed a $91 mil funding for a portfolio of multifamily properties in Northern California. The portfolio consisted of a total of nine properties totaling 1554 units in Sunnyval...
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• January 13, 2004 - Large REIT Thinks Small
1/13/04
Equity Office Properties Trust is contemplating whether to extend two Bay Area marketing initiatives launched earlier in 2003 under the rubric “Think Small.” In the meantime, the Chicago-based REIT continues to sign tenants a...
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• January 12, 2004 - Moving to the Center
1/12/04
Shorenstein Co LP leased a full floor of a building at Oakland City Center to Healthcare Financial Solutions. The company signed a 10-year lease for the entire fifth floor of 505 14th St, a 12-story building across from Oakla...
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• January 9, 2004 - Magnum Opus
1/09/04
In a large Bay Area office sale that we briefly mentioned on RENTV a couple of days ago, Equity Office Properties Trust has added to its already substantial Bay Area portfolio by acquiring the high-profile Opus Center at 225 ...
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• January 8, 2003 - Catalyst Goes Catatonic
1/08/04
Scrap the recent news about Catalyst Commercial, the new real estate venture started by former Orion Partners retail broker Paul Gonzalez, lender Craig Cosentino and developer Lukhbir Gill.
With their fledgling enterprise ba...
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• January 7, 2004 - La Vie En Rose
1/07/04
A historic hotel in downtown Santa Rosa sold and two other Sonoma County lodging properties went on the block recently.
The 96-year-old Hotel La Rose in Santa Rosa's Railroad Square area was bought by Lukhbir Gill, president...
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• January 6, 2004 - Catalyst for Change
1/06/04
On the Bay Area brokerage front, former Orion Partners retail broker Paul Gonzalez has joined forces with developer Aimir Luhkbir and lender Craig Cosentino to form Catalyst Commercial Group in Santa Rosa. The firm will focus...
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• January 5, 2004 - Heading Upstream
1/05/04
A Los Angeles investment group calling itself Upstream LLC has purchased a 40-acre quarry south of Petaluma for development of a residential subdivision. The group paid $11 mil, or $5.75/sf, for the Petaluma Quarry west of Hw...
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• January 2, 2004 - Perfect TEN
1/02/04
Sobrato Development Companies has donated a 71k sf building at 6580 Via Del Oro in San Jose to The Enterprise Network (TEN), a tech business incubator. Tenants may begin moving in immediately after New Year's.
Formerly the h...
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• December 31, 2003 - Sweet Seventeen
12/31/03
Two 17k sf leases made news in Santa Rosa. Sonoma National Bank signed a 10-year deal for 17k sf of office space at 3558 Round Barn Blvd, while US Airconditioning Distributors took the same amount of industrial space at 3315 ...
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• December 30, 2003 - Cashing in Its Chocolate Chips
12/30/03
On the Bay Area hospitality front, Corte Madera-based Larkspur Hotels LLC bought the 115-room Toll House Hotel at 140 S. Santa Cruz Ave in Los Gatos for $13.5 mil. Larkspur plans to invest more than $1 mil to renovate the pro...
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