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• Ventas Life Science and Healthcare Real Estate Fund Makes $1 Bil South San Francisco Portfolio Buy
10/19/20
The Ventas Life Science and Healthcare Real Estate Fund, L.P. has acquired a trophy life science portfolio in the premier South San Francisco life science cluster for $1 bil. Ventas is the Sponsor and General Partner of the f...
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• Urban Land Development Gets San Francisco Planning Commission Approval for 55k sf Office Project
10/13/20
The San Francisco Planning Commission has approved a five-story, 55.3k sf development at 531 Bryant in the city’s central SOMA District. Urban Land Development is building the ground-up, Class A project.
The building will in...
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• Columbia Property Trust Inc and Allianz Real Estate Recapitalize San Francisco Office Building in a New Joint Venture
10/12/20
Columbia Property Trust Inc and Allianz Real Estate have completed the formation of a joint venture to recapitalize 221 Main Street in San Francisco. Allianz contributed cash of $180 mil for a 45% ownership interest in the j...
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• San Jose HQ Facility Sells for $36 Mil
10/12/20
A 196.6k sf, R&D/flex building in San Jose was acquired by Exeter Property Group for $36.2 mil ($184/sf). The building, located at 1710 Automation Pkwy, was previously occupied by Western Digital and is currently vacant, prov...
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• Balboa Retail Partners Buys Santa Cruz Retail Center
10/12/20
An affiliate of Balboa Retail Partners purchased Gateway Plaza, a 119.4k sf, neighborhood shopping center in the CA coastal city of Santa Cruz. The price was not disclosed.
Gateway Plaza is home to several nationally recogni...
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• EAH Housing Completes 87-Unit Affordable Housing Project in the East Bay
10/09/20
Estrella Vista, a new affordable, transit-oriented, mixed-use, multifamily community in the East Bay, has been completed and is open to the public. The 87-unit project, developed by EAH Housing, will serve the needs of fami...
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• Bailard Spends $38.25 Mil on Office Building in San Jose
10/07/20
Bailard acquired a 76.4k sf, Class A building in San Jose for $38.25 mil ($500/sf). The building is located at 250 Holger Way, within District 237, a 415.5k sf office/R&D complex. It was sold by KBS Real Estate Investment Tru...
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• Oakmont Properties Wraps Up $118 Mil Multifamily Buy in Sacramento
10/02/20
San Rafael-based Oakmont Properties recently closed on the purchase of The Press at Midtown Quarter, a 277-unit, Class A multifamily property located in Midtown Sacramento, in a transaction valued at $118 mil ($426k/unit). We...
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• MIG Real Estate Acquiring NoCal and SoCal Opportunity Zone Development Sites
10/01/20
MIG Real Estate has opened escrow on two new Opportunity Zone ground-up multifamily development projects in California: a 140-unit rental residence in the central core of Hollywood and a 240-unit rental residence in Fremont. ...
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• Paceline Investors and Rialto Capital Management Buy 32k sf Property in San Francisco’s SOMA District
9/30/20
Paceline Investors and Rialto Capital Management have acquired a 32.4k sf Production, Design and Repair (“PDR”) building in San Francisco’s South of the Market district. The property is located at 1155 Bryant St, a block from...
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• Black Creek Group Buys 241k sf Industrial Facility in the Bay Area
9/28/20
In Livermore, Black Creek Group purchased a 241.6k sf, Class A industrial property from Crow Holdings Industrial. The price was not given out.
The facility, located at 7600 Hawthorne Ave, was completed in 2019. The property ...
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• Sacramento Apartment Property Goes for $178k/Unit
9/28/20
The Davenport, a 126-unit multifamily property in Sacramento, traded hands in a recent $22.5 mil ($178.5k/unit) deal. The property is located at 941 43rd Ave, north of Riverside Ave and west of I-5.
The seller, an affiliate ...
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• Dow Credit Union Picks Up 5.7k sf Property in Antioch for $1.8 Mil
9/25/20
Dow Credit Union has purchased a 5.7k sf retail property in Antioch for use as Dow CU’s new headquarters as well as a store location. The property, located at 3457 Deer Valley Rd, just south of Hwy 4 in Contra Costa County, s...
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• EAH Housing Buys Downtown Sacramento Property for Residential Redevelopment Project
9/25/20
San Rafael-based EAH Housing acquired a 1.27-acre, urban infill, transit-oriented multifamily development site in the heart of the Broadway Corridor near downtown Sacramento. The property, located at 1901 Broadway, was sold b...
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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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