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• PCCP LLC and The Koll Company Buy 510k sf Industrial Portfolio
7/24/20
A joint venture of PCCP LLC and The Koll Company has acquired a 100% leased, 510.7k sf, eight-building industrial portfolio in West Sacramento, CA and Salt Lake City, UT for $41.3 mil ($81/sf). The seller was a private family...
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• MAG Capital Partners LLC Buys Central Valley Manufacturing Facility
7/15/20
MAG Capital Partners LLC has completed the acquisition and 20-year leaseback of a 28.5k sf baby food manufacturing facility in California’s Central Valley. The fully-leased property was sold by Initiative Foods, the largest p...
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• Pulte Homes Buys 11 Acres on the San Francisco Peninsula
7/15/20
Pulte Homes purchased 11 acres of land positioned between San Francisco and Silicon Valley for redevelopment into a residential neighborhood of 190 homes. The property was sold by Strada Investment Group in a deal we’ve been ...
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• CBRE Global Investors Purchases Historic Office Building in San Francisco’s SoMa Neighborhood
7/14/20
A fund sponsored by CBRE Global Investors has acquired 123 Townsend Street, a 137.6k sf office building in San Francisco’s SoMa neighborhood. While the actual sale price was not given out and there have been some higher numbe...
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• CBRE Global Investors Buys 369k sf Class A Office Asset in San Jose
7/13/20
CBRE Global Investors has acquired 237@First, a two-building, 369k sf Class A office complex in North San Jose. The LEED Gold-certified buildings were sold by a partnership between PCCP and South Bay Development in a deal sai...
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• Second Quarter 2020 Comps on Eight Multifamily Sales in San Francisco
7/13/20
Here’s a rundown of eight San Francisco multifamily sales totaling $48 mil that closed in the second quarter of 2020. The deals, all brokered at least in part by Colliers International San Francisco pros James Devincenti, Bra...
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• Cook Endeavors Spends $23 Mil on Sacramento Area Office Portfolio
7/10/20
Cook Endeavors, led by Robert Cook, closed on an eight-property, 170k sf office portfolio buy in the Sacramento area. The assets, which were sold by WHAL Properties, went for $23.05 mil. Cook, who was in the process of a 1031...
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• Jewell Capital LLC Finds a Jewel in $22.5 Mil Bay Area Retail Purchase
7/09/20
Del Norte Marketplace, a fully leased, 64.3k sf pharmacy-anchored shopping center located in the San Francisco Bay Area community of El Cerrito, was acquired by Miami-based Jewell Capital LLC in a recent $22.5 mil deal. The t...
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• Dignity Health Buys 28 Acres at Folsom Ranch Corporate Center
7/07/20
Dignity Health has purchased 28 acres of land at Folsom Ranch Corporate Center in the Sacramento area. This deal marks the first transaction at Folsom Ranch Corporate Center, a 240-acre, mixed-use development site.
Dignity H...
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• Barrett Block Partners Spends $132 Mil for San Jose Office Tower
7/02/20
Barrett Block Partners, out of Burlingame, has purchased a 15-story, 229k sf office tower in San Jose for about $132 mil ($575/sf). The building, located at 160 W. Santa Clara St, was sold by Beacon Capital Partners.
The hig...
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• Kennedy Wilson Fund VI Spends $53.5 Mil on 257k sf of Properties in South San Jose
7/01/20
Kennedy Wilson Fund VI, a commingled fund managed by Kennedy Wilson, has acquired five single-story R&D buildings and a two-story office building totaling 257k sf in South San Jose for $53.5 mil ($208/sf). The institutional q...
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• Dollar Tree Stores Signs Deal for Third Store in Merced
7/01/20
Dollar Tree Stores has inked a 10-year lease for a 9.5k sf store space at Merced Marketplace in Merced, a central CA city roughly midway between Modesto and Fresno off Hwy 99. The lease value was not given out.
For Dollar Tr...
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• BioMed Realty Lands $165 Mil in Financing on Emeryville Life Science Building
7/01/20
BioMed Realty has obtained $165 mil in financing for 5300 Chiron Way, a 303.5k sf, Class A life science building in Emeryville. The building is located within BioMed Realty’s campus, known as the Emeryville Center of Innovati...
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• Bridge Development Partners Starts Work on 534k sf Industrial Facility in Oakland
7/01/20
Bridge Development Partners LLC has broken ground on Bridge Point Oakland - a 534.2k sf facility at 5441 International Blvd in Oakland. Once completed, the facility will be the single largest industrial development in the Cit...
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• Jason Gallelli, Partner and President at Gallelli Real Estate, Passes Away
6/30/20
Jason Gallelli, Partner and President at Gallelli Real Estate in Roseville, CA, passed away suddenly Sunday morning.
Gary Gallelli, Jr., Partner, CEO, said “It is with a heavy heart that I announce the passing of my brother ...
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• EXAN Group Spends $95 Mil on Two San Jose Office Buildings
6/30/20
EXAN Group has acquired two buildings totaling 142.7k sf of space at District 237, a Class A office/R&D complex in North San Jose, for $95.2 mil, or $667/sf. The buildings, located at at 100 Headquarters Drive and 200 Holger ...
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• SWENSON Completes Santa Cruz Mixed-User
6/29/20
SWENSON has completed construction of Nanda on Pacific, a 119.7k sf mixed-use community in Santa Cruz. Located at 1547 Pacific Ave, Nanda consists of 79 spacious studio, one- and two-bedroom apartment units (421 sf to 1.2k sf...
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• KT Urban Buys 68 Acres in Gilroy
6/29/20
In a NoCal land buy, KT Urban paid $7.5 mil for 68.6 acres of agricultural land owned by Uesugi Farms near Gilroy. The property was sold by Uesugi Farms.
The property is located at 1020 State Route 25, east of Hwy 101 just o...
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• Visalia Apartment Property Goes for $99k/Unit
6/26/20
Palm Apartments, a 29-unit community in Visalia, sold for $2.875 mil, or $99k/unit. The buyer was an unnamed public institution in the Central Valley.
Built on a .82-acre site in 1962, Palm Apartments is located at 1124 Sout...
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• Bay Area Res Portfolio Sold in $24.7 Mil Transaction
6/23/20
A 59-unit multifamily portfolio comprised of three adjacent buildings in Santa Clara was sold in a recent $24.7 mil ($418.6k/unit) transaction. The portfolio, which was acquired in an off-market transaction, is situated near ...
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