|
• Mountain View Res Property Trades for $686k/Unit
12/10/19
A 59-unit multifamily townhome community in the Silicon Valley city of Mountain View was acquired by a private investor for $40.5 mil, or $686.4k/unit. Built in 1970, the property is located at 2310 Rock St, 2.2 miles away fr...
|
• Silicon Valley Res Development Trades for $292 Mil
12/05/19
NYC-based Brookfield Property Group has closed on a large multifamily acquisition in Silicon Valley, paying $292 mil for The Village Residences, a 330-unit asset in Mountain View. The property was sold by a joint venture betw...
|
• M31 Capital Buys Historic Building in San Francisco’s Financial District
12/03/19
M31 Capital has purchased a five-story, 10.4k sf building at 620 Commercial St in San Francisco’s Financial District. Although we don’t have the actual purchase price, the acquisition was financed with a $6.55 mil bridge loan...
|
• Trion Properties Adds 84-Unit Bay Area Multifamily Asset to Its Apartment Portfolio
11/21/19
Trion Properties has expanded its Bay Area portfolio with the acquisition of The Meadows, an 84-unit multifamily community located in Newark, for $27.5 mil ($327k/unit). The Meadows, located at 35750 Bettencourt St, features ...
|
• JB Matteson Obtains $66.5 Mil Refinancing on Three Assets
11/20/19
JB Matteson Inc has refinanced three assets with new financing of $66.5 mil in permanent non-recourse debt. The financing consisted of three separate loans, each with a 10-year fixed interest rate and full-term interest-only ...
|
• Stockton Dialysis Clinic Sells for $550/sf
11/19/19
An unnamed private investor from Northern California paid $7.5 mil for a 13.6k sf ($551/sf), dialysis clinic in Stockton. The transaction closed at a cap rate of 5.15%.
The outpatient clinic is located at 7500 West Lane and ...
|
• Local Group Buys Sacramento Center
11/13/19
Strawberry Creek, a 57.4k sf shopping center in Sacramento, has sold for $20.95 mil ($365/sf). The four-building property includes a vacant parcel that can be used for future development.
Shadow-anchored by a 133k sf Target...
|
• Urban Land Development and Urban Land Capital Spend $94 Mil on Office/Retail Building in San Francisco’s Union Square
11/06/19
A joint venture between Urban Land Development and Urban Land Capital has acquired 150 Post Street, a 177.4k sf office and retail building in San Francisco’s Union Square neighborhood, in a deal reported to be worth $94 mil, ...
|
• Kennedy Wilson Acquire s 406k sf Bay Area Office Campus in $115 Mil Transaction
11/04/19
Kennedy Wilson has acquired Hamilton Landing, an institutional quality, 406k sf office campus with seven buildings across 20 acres in Marin County, for $115 mil ($283/sf). The company invested $55 mil of equity and assumed a...
|
• Work Started on Verizon Tech Hub in San Jose
11/01/19
Verizon and Hunter Storm have broken ground on Verizon’s new 640k sf technology hub at Coleman Highline—a massive, mixed-use, transit-oriented development in San Jose. The Verizon tech hub will support more than 3,000 employe...
|
• Z&L Properties Obtains $330 Mil in Financing for Downtown San Jose Condo Project
10/30/19
Z&L Properties Inc has secured $330 mil in financing for the development of 188 West St. James, a two-tower, 640-unit luxury condominium project located in downtown San Jose. The project is currently under construction on a 1...
|
• Historic San Francisco Office Building Refinanced with $350 Mil Loan
10/29/19
Kylli, Inc has obtained a $350 mil refi loan on 225 Bush Street, a historic, Class A office building totaling 580k sf in the heart of San Francisco’s Financial District. The fixed-rate loan was funded by Deutsche Bank and arr...
|
• Sacramento-Area Office Property Sells for $23.7 Mil
10/29/19
Iron Point LLC has purchased Natoma Station Corporate Center, a Class A, 102.8k sf multi-tenant office property in Folsom, about 20 miles east of Sacramento, for $23.7 mil, or $230/sf. Iron Point plans to occupy a portion of ...
|
• Construction Tops Off on Bay Area Mixed-Use Development
10/28/19
Construction on Station 1300, a new three-story, transit-oriented development in downtown Menlo Park, just topped off in September with placement of the final beam. The mixed-use project is a development of Greenheart Land C...
|
• Bay Area Investor Pays $121.5k/Unit for Sacramento Multifamily Property
10/28/19
The Regency Apartments, a 130-unit community in Sacramento, sold for $15.8 mil ($121.5k/unit) after receiving multiple offers. The property, located at 5900 Riza Ave, was purchased by a private investor based in the Bay Area....
|
• Sares Regis Group of Northern California Acquires Land for South San Francisco Multifamily Development
10/23/19
San Mateo-based Sares Regis Group of Northern California (SRGNC) has closed escrow on five parcels of land in South San Francisco adjacent to the new Cadence luxury apartment community for an upcoming second phase of the proj...
|
• Roku Boosts Its Presence in San Jose with New Lease for 162k sf of Space
10/15/19
Roku Inc recently increased its San Jose footprint, taking over the 162.6k sf space in Building 1 of Coleman Highline, previously leased to 8x8, Inc. With this deal, Roku’s total square footage in the project is now 716.3k s...
|
• Stockbridge Pays Over $100 Mil for Luxury Res Complex in San Jose
10/14/19
LINQ, a 230-unit, transit-oriented luxury apartment community in San Jose, traded to a new owner in a $103.8 mil transaction, valuing the property at $451k/unit. The buyer was Stockbridge, on behalf of the firm’s Value Fund I...
|
• Office High-Rise Set to Break Ground in Uptown Oakland Next Year
10/11/19
Telegraph Tower, a fully-entitled, next generation office development in the heart of the Oakland’s Uptown neighborhood, is slated to break ground in mid-2020. The project, a development of TMG Partners, is located at 2200 Te...
|
• Trion Properties Adds 89 Units to Its Bay Area Res Portfolio
10/04/19
Trion Properties has acquired Villa Morada Apartments, an 89-unit multifamily community in the Bay Area city of Hayward, for $25 mil, or $281k/unit. The property, located at 1180-1182 East St, was sold by Klingbeil Capital Ma...
|
Return to the Northern California area
