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• Embarcadero Capital Partners and PCCP LLC Pay $70 Mil for 472k sf HQ Campus in Silicon Valley
7/29/19
Embarcadero Capital Partners and PCCP LLC have acquired Park Point, a 30-acre, 472k sf office/R&D project in Milpitas. The Three-building campus, located at 115 - 155 North McCarty Blvd, was sold by LA-based Hudson Properties...
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• Government Leased Building in the Sacramento Area Sells for almost $400/sf
7/29/19
A 17.5k sf, single-tenant office building in the Sacramento suburb of El Dorado Hills sold for $6.75 mil, or $386/sf. The government building, located at 5152 Hillsdale Circle, was constructed as a build-to-suit for the U.S. ...
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• Bay Area Apartment Complex Purchased for $165 Mil
7/26/19
Brio, a 300-unit multifamily property in Walnut Creek, was acquired by San Mateo-based Essex Property Trust for $165 mil, or $550k/unit. The property is located at 161 N. Civic Drive, north of Ygnacio Valley Rd and east of I-...
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• Google Completes $1 Bil Purchase from Verizon in North Sunnyvale
7/25/19
In what we understand to be the most expensive Bay Area sale so far this year, Google has acquired multiple properties in Sunnyvale from Verizon for around $1 bil, according to the Mercury News. The buildings are all in North...
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• Investor Exchanges into $13.5 Mil Medical Office Facility in San Jose
7/24/19
Forest Surgery Center, a 19.7k sf, state-of-the-art medical office facility in San Jose, sold for $13.5 mil, or $685/sf. The purchase was part of a 1031 exchange that enabled the buyer to transition from long-term ownership i...
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• Harvest Properties and AXA Investment Managers – Real Assets Buy Oakland Office Tower
7/18/19
A joint venture between Harvest Properties and AXA Investment Managers – Real Assets has acquired One80 Grand, a 279k sf, Class A office tower in Oakland. The price was not disclosed.
The acquisition represents a recapitaliz...
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• Downtown San Francisco Res Project Lands $77 Mil in Construction Money
7/17/19
A planned, 109-unit condominium project located in downtown San Francisco is one step closer to getting underway as the developer, Z&L Properties Inc, has secured $76.8 mil in construction money. The development, 1554 Market ...
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• ColRich Buys 220-Unit Multifamily Property in Sacramento
7/15/19
In a Sacramento multifamily investment deal, ColRich paid $36.25 mil for The Luxe, a 220-unit ($165k/unit), 164.8k sf residential community. With this acquisition, ColRich now owns over 1,100 units in the Sacramento MSA.
Lo...
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• Affordable Seniors Housing Project Breaks Ground in the East Bay
7/11/19
Alameda Point Senior Apartments, a 60-unit affordable rental community for seniors age 62 and older in the East Bay city of Alameda, has just broken ground. The project is being built through a partnership between Eden Housin...
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• Two Belmont Multifamily Properties Fetch $25 Mil in Separate Deals
7/09/19
We’ve learned of two multifamily property sales totaling $25 mil in the Bay Area city of Belmont, a high-barrier to entry market in San Mateo County. Adam Levin and Robert Johnston with Levin Johnston represented the seller, ...
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• Quattro Development Acquires Two Sacramento Area Properties for Higher Ground
7/08/19
Quattro Development spent $4.49 mil for two properties totalling more than 16k sf ($280/sf) in the Sacramento suburb of Folsom. Higher Ground Education, a company dedicated to spreading high quality Montessori education, wil...
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• Woodstock Development Buys Bay Area Office Asset
7/02/19
Woodstock Development has purchased One Bay Plaza, a nine-story, 196k sf Class A office building in Burlingame. The property is located at 1350 Bayshore Hwy, on 4.75 acres along the San Francisco Bay waterfront. Industry sour...
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• 24Seven Enterprises Takes 400k sf of Distribution Space in Vacaville
7/01/19
24Seven Enterprises recently inked a long-term lease for 405k sf of warehouse/distribution space at North Bay Logistics Center in Vacaville, a NoCal city off I-80 roughly midway between San Francisco and Sacramento. 24Seven E...
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• Seagate Properties Pays Around $465/sf for Office Property in Sausalito
6/28/19
In a Bay Area office buy, Seagate Properties has acquired The Harbors, a recently renovated, 114k sf institutional-quality two-building office campus at 1 and 3 Harbor Drive in Sausalito. Although a price was not given out, i...
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• Oakland Multifamily Traded in $14 Mil Transaction
6/28/19
Vermont Apartments, a 44-unit multifamily property in the heart of Oakland's Grand Lake neighborhood, sold for $14 mil, or $318k/unit, in an all-cash deal. The seller was as investor in a 1031 exchange deal.
Constructed in 1...
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• Scannell Properties Spends $26 Mil on Multi-Building Industrial Asset in Petaluma
6/25/19
Scannell Properties purchased a 183k sf, multi-building industrial portfolio in Petaluma for $26.45 mil ($144/sf). The property was sold by a pair of private individuals who formerly operated their business, Sistema Plastics,...
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• Millbrae Industrial Property Sold as Redevelopment Opportunity
6/24/19
A 76k sf, 1.76-acre TOD property in Millbrae was acquired by a local owner/user. The property was sold by The John Hansen Company, which had operated its longstanding family business within an existing 36.6k sf, single-story ...
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• The Companion Group Relocates from the East Bay to the Sacramento Area
6/21/19
The Companion Group has signed a lease for 100.8k sf of warehouse/distribution space in the city of Woodland, moving the company’s long-time industrial operations once housed in the San Francisco East Bay Area city of Hayward...
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• Scannell Properties Pays $20 Mil for Petaluma Development Site
6/20/19
Indianapolis-based Scannell Properties purchased 40 acres of undeveloped land in Petaluma for $20.1 mil. The site, located at 500 Hopper St, was sold by Bay West Development, who had originally purchased the vacant industrial...
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• Alameda Multifamily Rental Property Sells for $307k/Unit
6/18/19
Buena Vista Apartments, a 52-unit multifamily asset in Alameda, traded hands in a recent transaction valued at $15.95 mil, or $307k/unit. The property is situated on 1.58 acres at 4330-4450 Buena Vista Ave, just west of I-880...
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