| Terreno Realty Corporation Closes on 600k sf Industrial Buy in the Bay Area
Terreno Realty Corporation has purchased Morton Commerce Center, a 602.7k sf, core industrial project in the Bay Area city of Newark. Recently constructed in 2020 and situated on over 31 acres, the Class A project comprises f...
| Fresno Multifamily Property Sells for $300k/Unit
Birch Commons, a 49-unit multifamily property in Fresno, sold for $14.75 mil ($301k/unit). Located on 4.77 acres at 1850 E. Birch Ave, Birch Commons is a townhome-style apartment community with a unit mix of one-, two-, and t...
| Shartsis Friese LLP Takes 26k sf of Office Space in San Francisco’s South Financial District
Shartsis Friese LLP, an award-winning multi-disciplinary San Francisco-based law firm that was established in 1975, has inked a lease for 26k sf 425 Market Street in San Francisco’s South Financial District. Shartsis Friese L...
| Diversyfund Buys 61-Unit Multifamily Asset in Monterey County
In a NoCal res buy, Diversyfund purchased The Independent, a Class A, 61-unit multi-housing asset located in Sand City, within Monterey County. The deal was financed with an acquisition loan for $13.1 mil.
Situated at 600 Or...
| Volwood Management Buys Bay Area Office Building in $12.8 Mil Deal
Volwood Management acquired 25 Orinda Way, a 28.9k sf, boutique, Class A office building in the East Bay city of Orinda, for $12.8 mil, or $443/sf.
Built in 1974 and renovated in 2018, the three-story 25 Orinda Way is curr...
| Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
| Oakland’s Historic Palace Theater Trades in $2.2 Mil Deal
The historic Palace Theater in Oakland was acquired by BayTech Charter School for use as a new location for BayTech Charter School, or the Bay Area Technology School. The property, located at 1445 23rd Ave, fetched $2.2 mil.
| Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Ba...
| Two-Tenant Retail Pad Property in the Sacramento Area Sells for $843/sf
A new construction, 4.8k sf two-tenant Chipotle Mexican Grill Drive-Thru pad at Freedom Point Plaza in Roseville sold for $4.045 mil ($843/sf). Freedom Point Plaza is anchored by TopGolf and Living Spaces.
The pad property,...
| Longfellow Real Estate Partners to Develop 315k sf Life Sciences Project in the Bay Area
Longfellow Real Estate Partners has obtained a $310 mil construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315k sf at the Bart and Caltrain station in t...
| Solidigm Inks Lease for 170k sf in Rancho Cordova
Solidigm, a leading global semiconductor company, has signed a 170k sf lease at White Rock Corporate Campus, a five-building, suburban office property in the Highway 50 Corridor in Rancho Cordova. The location will serve as S...
| Vestar to Manage Hacienda Crossings Retail Property in Dublin
PNC Realty Investors has retained Vestar to provide management, leasing and marketing services for Hacienda Crossing, a 438.5k sf, mixed-use power center in the Bay Area city of Dublin.
Hacienda Crossings is located at 4820-...
| Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield
Stanford University has awarded a 14-building, 1.1 msf office portfolio in addition to a 7 msf NNN ground lease portfolio to Cushman & Wakefield’s Northern California Asset Services team. The properties are located in one of ...
| South San Francisco Hotel Fetches $182k/Room
A Laxmi Hospitality LLC affiliate closed on a South San Francisco hotel buy, paying about $31 mil for La Quinta by Wyndham Hotel, a 170-room ($182k/unit) property. The hotel is situated on 1.3 acres at 20 Airport Blvd, on the...
| Exchange Investor Pays $550/sf Single-Tenant Building in San Jose
An 8k sf, single-tenant building NNN-leased to Citibank in San Jose traded for $4.4 mil, or $550/sf. The property, located at 3510 Leigh Ave, just north of Hillsdale Ave, is 100% leased to Citibank, which has six years of lea...
| Vivani Leases Life Science Building in the East Bay
Biopharmaceutical company Vivani has signed a 43.6k sf, full building lease at 1350 South Loop, within the Radius @ Harbor Bay campus, a nearly 700k sf life science and innovation campus located in Alameda. Terms of the deal ...
| Nelson Rising Passes at 81
Nelson Rising, a Los Angeles-based real estate developer and political and civic leader who helped shape the built and political environment of leading California cities, died yesterday, February 9, 2023 at his home in Pasade...
| Sacramento Area Office Building Sells for Over $10 Mil
A 69.4k sf office building in Rocklin, CA traded for $10.24 mil, or $148/sf. The two-story, Class A building, located at 1400 West Stanford Ranch, was acquired by an unnamed government agency.
Constructed in 2007, the buildi...
| Taipei Economic and Cultural Office Spends $52.8 Mil on San Francisco Office Building
Taipei Economic and Cultural Office (TECO) has acquired a brand new, 56k sf Class A office building in San Francisco’s South of Market (SoMa) neighborhood for $52.8 mil ($943/sf). The seven-story building, designed by Stanton...
| Trion Properties Spends $23.6 Mil on Sacramento Multifamily Property
In a recent Sacramento res buy, Trion Properties paid $23.6 mil for Courtyard at Artisan Square, a 104-unit ($227/sf) community. The property is located at 1503 Fulton Ave, within the Arden-Arcade submarket.
Constructed in 1...