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• Graceada Partners Spends $23 Mil on Sacramento Multifamily Property
9/24/20
Graceada Partners, through its Graceada Partners Fund II, acquired Westlake Apartments, a 148-unit residential community in Sacramento. From what we hear, the deal came in around $23.5 mil ($159k/unit). The property boasts a ...
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• Cupertino Office/R&D Portfolio Trades Hands
9/24/20
A four-building, 109.8k sf office/R&D portfolio in Cupertino was acquired by a high net worth private investor. The price was not given out.
The portfolio consists of recently renovated single-story buildings located at 1030...
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• San Jose Mobile Home Community Lands $52 Mil Fannie Mae Refi Loan
9/23/20
Chateau La Salle, a mobile home community in San Jose, was just refinanced with a new, $52.25 mil Fannie Mae loan. Built in 1980, the property consists of 434 pads set across 58 acres of well-manicured grounds. The loan was a...
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• Central CA Family Dollar Property Gets New Owner in $2 Mil Deal
9/23/20
A 9.2k sf Family Dollar property in central California traded hands in a $1.94 mil ($211/sf) deal. The property is located at 1919 Almond St in the town of Dos Palos, which is east of I-5 about 30 miles south of Merced.
The ...
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• Davies Torrance Trust Pays $14.3 Mil for Fully Leased Class A Office Building in Sacramento’s Highway 50 Corridor
9/21/20
Gold Pointe Corporate Center Building E, a 63.2k sf, Class A office building in Gold River, CA, was purchased by Davies Torrance Trust in a $14.3 mil ($226/sf) transaction. The building, located at 11919 Foundation Place, abo...
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• Hearst Spends $52 Mil on Creative Office Asset in San Francisco’s SOMA District
9/18/20
Hearst purchased a 44.8k sf, creative office asset in the heart of San Francisco’s tech-driven SOMA District. The building, located at 1098 Harrison St, adjacent to I-80 and the city side of the Bay Bridge, was sold by Embarc...
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• Atum Biotechnology Buys 40k sf Industrial Property in Newark
9/14/20
Atum Biotechnology acquired a 40.1k sf, industrial building in the Bay Area city of Newark in a recent $8.83 mil ($220/sf) deal. Atum is a provider of tools and solutions to life science researchers including gene design, opt...
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• New Silicon Valley Office/R&D Development Modified to Provide Safer/Healthier Work Environment
9/11/20
Lawrence Station, a brand new Class A office/R&D project being constructed in the heart of Silicon Valley, has modified its design to provide a safer and healthier working environment as companies and their employees begin re...
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• Burnham Brown Downsizes in New Oakland Lease for 32k sf
9/09/20
The law firm of Burnham Brown has inked a new direct lease for 32k sf of Class A office space in Oakland. The firm, whose deep roots in Oakland date back more than 100 years, has right-sized its occupancy at 1901 Harrison St ...
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• Ingka Centres Buys 264k sf Retail Center in San Francisco
9/09/20
Ingka Centres San Francisco LLC has acquired the 6 x 6 Building at 945 Market Street, a 264.4k sf retail center in San Francisco. The price was not given out.
The property is a six-level center with a dramatic atrium linking...
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• Stockbridge Spends $127 Mil on Bay Area Life Science Campus
9/08/20
Stockbrige has purchased Waterfront at Harbor Bay, a six-building, 385k sf Class A office, life science and distribution campus in the East Bay, in a transaction worth $127.5 mil. The company is also in the process of acquiri...
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• NoCal Multifamily Community Trades for $78.5k/Unit
9/04/20
Spring Mountain, a 184-unit residential community in Corning, CA, traded hands in a recent $14.45 mil ($78.5k/unit) transaction. Built in 1986, the property is located at 240 Edith Ave, off I-5 roughly 115 miles north of Sacr...
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• RevOZ Capital Makes Opportunity Zone Investment in Downtown Sacramento
9/03/20
RevOZ Capital has formed a joint venture with Argosy Real Estate Partners to acquire a 127k sf office building in downtown Sacramento for redevelopment. The move reflects the continued emergence of the city’s Downtown Common...
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• Hines Global Income Trust Completes 417k sf Bay Area Industrial Acquisition
9/02/20
Hines Global Income Trust Inc has acquired the Advanced Manufacturing Portfolio, a 417k sf industrial and manufacturing campus in Santa Clara. The price was not disclosed, although industry sources suggest it went for between...
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• 71-Acre Sonoma County Site Listed for Sale
8/28/20
The Chanate Campus, a 71.6-acre, 12-parcel property in Santa Rosa, has been put on the market by the County of Sonoma. Brian Hutcherson and Mike McShea of CBRE’s Public Institutions and Education Solutions (PIES) practice and...
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• Pacific Gas and Electric Company to Sell Its 1.4 msf HQ Office Complex in Downtown San Francisco
8/27/20
Pacific Gas and Electric Company has listed for sale its 1.4 msf San Francisco General Office complex in downtown San Francisco. In June PG&E announced it would relocate its headquarters across the Bay to Oakland, beginning i...
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• RingCentral Dials in Renewal of Its Bay Area HQ Location
8/24/20
RingCentral has renewed their headquarters lease of approximately 85k sf of office space in the Bay Area city of Belmont. The company is a provider of global enterprise cloud communications, collaboration and contact center s...
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• Vertical Ventures Makes $45 Mil Silicon Valley Acquisition
8/24/20
Vertical Ventures acquired Sycamore Technology Center, a three-building, 213.5k sf office/R&D campus in Milpitas, for $45.5 mil ($213/sf). The asset was sold by a joint venture between affiliates of Westport Capital Partners ...
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• Miramar Capital and Machine Investment Group Buy 165k sf Office Campus in San Jose
8/18/20
Miramar Capital and Machine Investment Group have teamed in the purchase of Stevens Creek Executive Park, a five-building, multi-tenant, mixed-use asset totaling 165.5k sf of office and retail space with additional entitlemen...
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• Trion Properties Purchases 80-Unit Multifamily Property in the Bay Area
8/14/20
Trion Properties has acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, for $20.5 mil, or about $256.3k/unit. The property is located at 424 Callan Ave, west of I-580.
Built in 1969, Creekside Ap...
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