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• Fremont Multifamily Asset Sells for $19.5 Mil
12/09/20
Niles Station, a 94-unit multifamily property in the East Bay city of Fremont, was purchased by Riaz Capital in a $19.5 mil ($207.5k/unit) deal. Riaz is an experienced developer and operator of multifamily apartment buildings...
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• Oakmont Properties Buys Sacramento Multifamily Property in $92 Mil Deal
12/07/20
Oakmont Properties has acquired Alira Luxury Apartments, a 293-unit apartment community in the Natomas submarket of Sacramento, for $92.3 mil, or $315k/unit. The property was sold by AG Spanos Companies in an off-market trans...
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• Two CA 7-Eleven Properties Trade in Deals Totaling $3.5 Mil
12/07/20
Two 7-Eleven investment properties in California sold in separate transactions totaling $3.45 mil. The deals include a single-tenant 7-Eleven in Santa Maria and a two-tenant 7-Eleven property in Fresno.
The single-tenant, 2...
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• R&D Building in San Francisco’s Mission District Fetches $925/sf
12/07/20
A 24k sf R&D building in San Francisco’s Mission District has sold for $22.2 mil ($925/sf). The property is fully leased to Ouster, a leading developer and manufacturer of lidar technology.
Located at 2741 16th St, the prope...
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• Beacon Capital Partners Entity Buys Emeryville Life Science / Office Property
12/04/20
An affiliate of Beacon Capital Partners purchased Hollis Business Center, a two-building, Class A office and life science conversion opportunity in Emeryville. The property, located at 6401 Hollis St and 1480 64th St, is curr...
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• Jay Paul Co Acquires New Luxury Bay Area Res Development in $73.5 Mil Deal
12/04/20
Jay Paul Co has purchased Encore, a new 90-unit luxury community in downtown Redwood City. Encore was built and sold by Sares Regis Group of Northern California and its affiliate companies in a $73.5 mil ($817k/unit) transact...
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• Historic Fairmont San Francisco Lands $150 Mil Refi
12/03/20
The historic, 606-key Fairmont San Francisco has been refinanced with a new loan for $150 mil. The iconic hotel, listed on the National Register of Historic Places, is owned by an affiliate of Mirae Asset Global Investments.
...
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• Two Sacramento Multifamily Properties Refinanced in Transactions Totaling $42.6 Mil
12/03/20
Two Sacramento area multifamily properties were refinanced in separate loan transactions totaling $42.6 mil. The deals were arranged by Greystone Real Estate Advisors’ Todd Vitzthum, Simon Hermann and Cody Field on behalf of ...
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• Fully Leased East Bay Industrial Building Trades for $242/sf
11/27/20
Elion Partners paid $23 mil for a 95k sf ($242/sf), fully leased industrial building in Union City, in the East Bay. Originally constructed in 1979, the property is situated on 4.56 acres at 33401 Central Ave.
The single-te...
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• Glencrest Group Buys 106-Unit Multifamily Property in NoCal
11/25/20
Berkshire Laurel Creek, a 106-unit, garden-style multi-housing property in the northeastern San Francisco Bay Area, was acquired by Glencrest Group. The deal was financed with a $19.11 mil Freddie Mac loan.
Located at 2751 P...
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• Fresno Self-Storage Facility Goes for $7 Mil
11/19/20
BCORE Storage Weber LLC paid $7.1 mil for a 543-unit ($13.1k/unit) self-storage property in Fresno. Located at 5090 N. Weber Ave, the property benefits from a large population exceeding 115,000 individuals within three miles ...
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• East Bay Industrial/Office Asset Trades for $50 Mil
11/18/20
An institutional investor purchased a 267.5k sf, light industrial warehouse and office facility in the East Bay city of Richmond for $50.13 mil ($187/sf). The property, which is NNN-leased to a beverage distribution company, ...
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• East Bay Land Acquired by Local Developer in $6.8 Mil Deal
11/16/20
Arnold Industrial LLC, a private developer based in the greater Bay Area, paid $6.8 mil for 13.51 acres of commercial land in the East Bay city of Concord. The land, located on Arnold Industrial Way, was acquired from Lowe’s ...
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• San Leandro Multifamily Property Sells for $262k/Unit
11/13/20
MC Investment Partners LLC acquired an 87-unit multifamily property in the Bay Area city of San Leandro for $22.8 mil, or $262k/unit. The property, located at 2199 Bancroft Ave, was sold by Pierron Properties LLC.
Built in 1...
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• NoCal Resort Property Trades in $28.5 Mil Off-Market Deal
11/06/20
Marina Dunes RV Resort, a 5.58-acre, 96-site resort property in Marina, CA (Monterey County), traded hands for $28.5 mil in an off-market transaction. The property was sold by a joint venture of Skya Ventures Inc and Gelt Inc...
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• Santa Rosa Retail Building Acquired by a Planet Fitness Development Group in $6.3 Mil Deal
11/04/20
A 38k sf retail building in Santa Rosa traded for $6.3 mil, or $166/sf. The property is located at 2705 Santa Rosa Ave, south of Hwy and adjacent to the east side of Hwy 101.
The property is situated within Santa Rosa Souths...
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• Silicon Valley Office/R&D Campus Trades in $104 Mil Deal
11/03/20
Lane Partners has purchased the Fujitsu Campus, a six-building, 313.7k sf office and R&D campus in Sunnyvale, for $104 mil, or $332/sf.
The Fujitsu Campus consists of one- and two-story buildings on over 26 acres at 1230, 12...
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• SHVO and Deutsche Finance International-Led Venture Pays $650 Mil for Transamerica Pyramid Center Complex in San Francisco
10/30/20
The Transamerica Pyramid Center Complex in San Francisco has sold in a transaction valued at $650 mil. The asset, consisting of a three-building, 703.5k sf Class A office complex and development parcel encompassing an entire...
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• Taiwanese Firm Spends $98 Mil on Silicon Valley Office/R&D Portfolio
10/29/20
PMP Tech, a Taipei, Taiwan-headquartered company, paid $98 mil for a six-building office/R&D portfolio in Cupertino. Fully leased to a leading global tech company, the single-tenant, Silicon Valley portfolio totals 136.1k sf ...
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• TMG Partners Completes Purchase of Oakland Office Building and Leases it to PG&E for their Headquarters
10/26/20
TMG Partners has completed its acquisition of 300 Lakeside, a 975k sf office building in Oakland. Concurrent with the purchase, TMG entered into a long-term lease with Pacific Gas and Electric Company (PG&E) to relocate the u...
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