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• TMG Partners Closes $220 Mil Investment Account
10/04/21
TMG Partners has closed a $220 mil separate account to invest in real estate in the Bay Area. The capital was sourced from a single institutional investor and represents TMG’s third venture with this investor.
This new capi...
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• Bay Area Grocery Outlet Property Trades in $6.7 Mil Deal
10/04/21
A 1031 exchange investor out of Los Angeles paid $6.715 mil for a 33.6k sf ($200/sf) retail property in Fairfield, CA. The property, located at 200 Travis Blvd, is fully occupied by Grocery Outlet.
Built in 1977, the propert...
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• Sares Regis Group of Northern California and Dostart Development Company Start Work on Bay Area Office/Retail Project
9/29/21
Sares Regis Group of Northern California (SRGNC) and Dostart Development Company (DDC) have broken ground on 185k sf of office and retail space in the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
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• Newmark Knight Frank Awarded Leasing Assignment for San Francisco Office Tower
9/27/21
Barker Pacific Group (BPG) and PGIM Real Estate have awarded the leasing assignment for One Sansome Street, a 42-story, LEED Platinum-certified office tower in the heart of San Francisco’s Financial District, to Newmark Knigh...
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• Historic Office Building in Downtown Oakland Trades in $14 Mil Deal
9/23/21
An eight-story, 43k sf historic office building in downtown Oakland sold for $14 mil, or $325/sf. The property, located at 1625 Clay St, is 65% occupied. The buyer intends to implement a renovation program at the building.
B...
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• Hines Pays $800 Mil for PG&E’s 1.6 msf Office Complex in Downtown San Francisco
9/22/21
Hines has closed on a record setting acquisition in downtown San Francisco, purchasing Pacific Gas and Electric Company’s 1.6 msf General Office complex for $800 mil, or $500/sf. We’re told this is the largest property, by sq...
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• Private Investor from L.A. Buys Merced County Shopping Center
9/22/21
A Los Angeles-based private investor acquired Atwater Marketplace, a 100%-occupied, 96.2k sf shopping center anchored by Save Mart Supermarkets and CVS Pharmacy in Merced County, CA. The purchase price was not disclosed.
Bui...
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• Black Creek Group Closes 690k sf Silicon Valley Biz Park Buy
9/17/21
Black Creek Group purchased Little Orchard Center, a 690k sf business park in San Jose. The asset consists of four buildings on just under 16 acres of land.
The property was sold by a Harvest Properties entity. Industry sou...
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• Vacant Industrial Building in the Sacramento Area Gets New Owner in $12.45 Mil Deal
9/15/21
A vacant, 129.5k sf industrial-flex building in the Sacramento area sold for $12.45 mil ($96/sf). The building, located at 4837 Watt Avenue in North Highlands, was acquired by Exeter 4837 Watt LLC.
Built in 1987 for use as a...
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• Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
9/13/21
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
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• Intercontinental Real Estate Corporation and Security Properties Team Up in Recapitalization of 244-Unit Sacramento Multifamily Property
9/09/21
Intercontinental Real Estate Corporation has entered into a joint venture with Security Properties to acquire Broadleaf Apartments, a 244-unit, Class B+ garden-style apartment community in Sacramento, for $87.5 mil ($358.6k/u...
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• Cannae Partners and Blue Vista Capital Management Acquire 61k sf R&D/Office Asset in Fremont
9/06/21
Cannae Partners and Blue Vista Capital Management purchased Bayside Technology Park, a 61.5k sf R&D office building in Fremont. The property was sold by Osprey Capital LLC in a $16.55 mil ($269/sf) deal.
The property is loca...
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• Multifamily Property in San Leandro Sells for $275k per Unit
9/03/21
Foothill Terrace, a 25-unit multifamily property in San Leandro, recently sold for $6.875 mil, or $275k per unit. Located on a 1.16-acre parcel, Foothill Terrace is comprised of four buildings with approximately 21.5k sf of r...
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• Bay Area Industrial Campus Lands $220 Mil Refi
9/03/21
Pacific Commons South, a 1.9 msf property in one of the top-performing industrial markets in the San Francisco Bay Area, has just been refinanced with a new loan for $220 mil. The property, owned by a venture between Overton ...
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• Kennedy Wilson Fund VI Closes $120 Mil Multifamily Sacramento Area Acquisition
9/02/21
Kennedy Wilson Fund VI has acquired Autumn Ridge, a 410-unit, garden-style apartment community in Sacramento’s Citrus Heights suburb for $120 mil, or $293k/unit. Kennedy Wilson Fund VI (“Fund VI”) is a commingled fund managed...
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• Bloom Energy Agrees to 150k sf Expansion/Renewal Lease in San Jose
8/31/21
Bloom Energy has inked a new lease in San Jose to renew and expand its current 102.8k sf space at 237@First with an additional 47.1k sf. Bloom Energy – which delivers highly reliable and resilient, always-on electric power th...
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• Hometown America Buys 410 Manufactured Home Sites in California
8/30/21
Chicago-based Hometown America acquired two California manufactured home communities totaling 410 home sites. The properties, Diamond K Estates in Roseville and Carman Ranch MHC in San Diego, were sold by a SoCal-based family...
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• Avanath Capital Management Buys 71-Unit Berkeley Multifamily Property
8/30/21
Avanath Capital Management LLC has acquired Acton Courtyard, a 71-unit, mixed-use affordable housing community with 7k sf of ground-floor retail in Berkeley, CA. The property is located at 1370 University Ave, between San Pab...
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• The Hanover Company Breaks Ground on San Jose Res Development
8/30/21
The Hanover Company has broken ground on Winchester Apartments, a 366-unit, multifamily project in San Jose. Designed by KTGY, the seven-story development boasts an amenity-rich community aimed at serving active professionals...
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• Silicon Valley R&D/Office Campus Gets New Owner in $56 Mil Deal
8/27/21
Valley Creative Center, a six-building R&D/office campus totaling 166.9k sf of space in north San Jose, sold for $56 mil ($335/sf). Redwood City-based Dollinger Properties purchased the asset from Vista Investment Group.
Val...
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