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• Westcore Closes $40 Mil Oakland Buy
5/25/20
Westcore acquired a 155k sf, Class A industrial warehouse in Oakland for $40.5 mil ($261/sf). The property is located at 8380 Pardee Dr, between Doolittle Dr and I-880.
Constructed in 2012, the distribution facility is full...
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• Bridge Investment Group Buys 339-Unit Sacramento Multifamily Community
5/22/20
The Fountains at Point West, a 339-unit multifamily property in Sacramento, was acquired by Bridge Investment Group, out of Salt Lake City, in an $85.15 mil transaction. The property, viewed as a value-add opportunity, is loc...
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• DivcoWest Refis San Francisco Office Building with $36 Mil Loan
5/20/20
DivcoWest has obtained a $36 mil refi loan on 180 Townsend, a four-story, 40.9k sf office building in San Francisco. The asset is currently undergoing renovations to accentuate existing features such as the brick facades, win...
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• Monterey County Farm Property Trades for $3 Mil
5/18/20
Rowe Ranch, an approximately 50-acre farm property located in the Pajaro Valley farming region of Monterey County, in California’s Central Coast, was acquired by The Lukrich Trust for $3 mil. The buyer is a local family whic...
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• Kennedy Wilson and Fairfax Financial Holdings Limited Team Up in Venture to Acquire First Mortgage Loans
5/15/20
Kennedy Wilson has formed a $2 bil platform with Fairfax Financial Holdings Limited that will pursue first mortgage loans secured by high-quality real estate in the Western U.S., Ireland and the U.K. In its role as asset mana...
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• Riaz Capital Signs Four at Artthaus Studios in Oakland
5/14/20
There have been four new lease signings at Artthaus Studios, a recently expanded 120k sf catalyst for Bay Area start-ups and small businesses in creative industries. The property, which was designed to help start-up and small...
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• South San Francisco Development Site Sold
5/08/20
IQHQ has purchased nearly two acres located at 580 Dubuque Ave – currently known as South City Station – in South San Francisco.The property, south of Oyster Point Blvd and adjacent to the 101 Fwy, was sold by Republic Metrop...
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• Bay Area Res Community Lands $35 Mil Refi
5/06/20
Here’s news of a Bay Area multifamily financing deal. Valley Plaza Village Apartments, a 144-unit, garden-style apartment property in Pleasanton, was just refinanced with a new loan for $35 mil. The borrower is an affiliate o...
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• Tokyu Land US Closes Three Multifamily Buys Totaling Over $200 Mil in the First Quarter of 2020
5/04/20
By: Allen Wolfsheimer
Tokyu Land US Corporation (TLUS) closed on three West Coast multifamily acquisitions in the first quarter of 2020 in transactions that totaled $214 mil. The purchases included: a 221-unit property in Pl...
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• NYC Entity Spends $41 Mil on Silicon Valley R&D Facility
4/30/20
A fully leased, 102.7k sf R&D facility in Silicon Valley was acquired for $41.1 mil by Empire Square Group, a private real estate investment firm based in New York City. The property was sold by a joint venture between certai...
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• Bay Area Multifamily Property Sells for Over $400k/Unit
4/29/20
In a recent Bay Area multifamily sale, a 30-unit property in Fremont traded hands for $12.2 mil, or $406.7k/unit. The property sits on 0.68 acres at 4001 Nicolet Ave, in close proximity to Fremont’s bustling Central District ...
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• First Industrial Purchases 39k sf Industrial Building in the Bay Area
4/24/20
A 38.7k sf, light industrial warehouse and manufacturing building in Fremont sold for $9.125 mil ($236/sf). The property, located at 4160-4170 Business Center Dr, was acquired by First Industrial.
4160-4170 Business Center D...
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• San Francisco Res Building with All Studios Fetches $464k/Unit
4/22/20
A “marina style,” 15-unit apartment building consisting of all studios in the heart of San Francisco’s Noe Valley District sold for $6.965 mil ($464.3k/unit). The property is located at 99 Jersey St, just west of Dolores St.
...
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• NoCal Investor Spends $39.6 Mil on Two Modesto Res Assets
4/20/20
A Bay Area private investor spent $39.6 mil for two multifamily properties in Modesto totaling 236 units ($167.8k/unit). The acquisitions consisted of The Commons Apartment Homes (100 units) and Summerview Apartment Homes (13...
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• Oakland Multifamily Portfolio Financed with $58 Mil Loan
4/17/20
Mosser Capital has obtained $58.5 mil in financing to fund the recapitalization of a nine-property multi-housing portfolio located in Oakland. Mosser owns the assets in a venture with a new foreign investment partner. Mosser ...
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• Morgan Stanley Real Estate Buys 500k sf Bay Area Property Leased to Tesla
4/16/20
NYC-based Morgan Stanley Real Estate closed on the acquisition of a 506.5k sf property in the Bay Area that is leased to Tesla. The industrial/office flex facility is located at 901 Page Ave, south of Mission Blvd about midwa...
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• Investor Completes Exchange with Two Bay Area Res Deals Totaling over $14 Mil
4/13/20
A private investor recently completed both legs of a 1031 exchange through two multifamily transactions in the Bay Area with a combined value of $14.18 mil. The transactions consisted of the sale of Leigh Court, an 18-unit mu...
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• San Francisco Acquires Res Dev Site for Affordable Housing Project
4/08/20
The City of San Francisco has acquired a 0.27-acre mixed-use development site on two parcels from Sheet Metal Workers Local 104 Union Hall in a transaction valued at $12 mil. The City plans to develop new affordable housing o...
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• TMG Partners Acquires 410k sf Office Campus in Santa Clara
3/27/20
TMG Partners has purchased The Quad, a seven-building, 410.1k sf office campus in Santa Clara. The complex, located at the intersection of Tasman Dr and Bunker Hill Lane, consists of all two-story buildings constructed in 198...
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• KBS Repositions San Jose Office Campus
3/27/20
KBS has repositioned and rebranded District 237, formerly Corporate Technology Centre, a five-building, 415k sf office campus in San Jose. The repositioning resulted in a combined total of 314.7k sf in new leases with three g...
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