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• Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills
1/24/23
Marshall Medical Center and PATRA have agreed to take 75% of the space vacated by Blue Shield following the insurer’s sale-leaseback of The Ridge at Town Center West to ProEquity Asset Management and Miami-based Solaris Capit...
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• 91k sf Retail Center in the East Bay Gets New Owner
1/20/23
In an East Bay retail trade, Balboa Retail Partners purchased Pinole Square, a 91k sf retail community center in Pinole, roughly 17 miles north of Oakland. The property is located at 1201-1577 Tara Hills Dr, on the northwest ...
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• BentallGreenOak Buys Newly Constructed Sacramento Industrial Project
1/18/23
BentallGreenOak acquired Metro Air Park Logistics Center - Phase I, consisting of two new Class A industrial buildings totaling 308.8k sf in Sacramento. The asset was sold by Badiee Development in a deal said to be worth arou...
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• Morgan Stanley Pays Over $1,500/sf for Menlo Park Office Building
1/17/23
In a recent Bay Area office buy, Morgan Stanley purchased a 44.7k sf building in Menlo Park for $68 mil, or $1,521/sf. The property is fully occupied by Menlo Medical Clinic, a partner with Stanford Health Care.
The propert...
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• MBK Rental Living Acquires Site in Petaluma for Res Development
1/12/23
MBK Rental Living has purchased a 4.71-acre site in Petaluma, CA for development of a 134-unit, solar-powered luxury apartment project. The development, The Haven at Deer Creek will offer both three-story garden-style and thr...
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• Woodside Hotel Group Secures New Financing of $26.75 Mil on Two of Its NoCal Assets
1/11/23
Woodside Hotel Group has obtained $26.75 mil of non-cross collateralized, fixed-rate, first mortgage financing on two hotel properties -- the Lafayette Park Hotel & Spa and The Lodge at Bodega Bay, located in Lafayette and Bo...
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• Sacramento Area Retail Center Lands $16.75 mil Refi
1/09/23
Market Place at Town Center, a 134.6k sf retail center in El Dorado Hills, CA, landed a new refi loan for $16.75 mil. El Dorado Hills is a suburb of the Sacramento MSA.
The property is located at the intersection of Hwy 50 ...
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• Fremont Multifamily Property Sells for $$27 Mil
1/06/23
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, traded hands in a recent $27.2 mil ($453k/unit) transaction.
Built in 1987, Victoria Park is located at 40882 High St. The property cont...
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• Avanath Capital Management Spends $131 Mil on 297-Unit Bay Area Affordable Housing Portfolio
1/05/23
Avanath Capital Management LLC has acquired the Novato Portfolio, comprising two LIHTC rental apartment properties totaling 297 units in the Bay Area submarket of Novato, for $131.5 mil ($443k/unit). Purchased with equity fro...
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• Transwestern Ventures to Develop 375k sf Life Sciences Campus in Vacaville
12/30/22
Transwestern Ventures and Transwestern Real Estate Services are preparing to move forward with development of Axiom Point, a 375k sf, state-of-the-art biomanufacturing campus in the Bay Area city of Vacaville. Plans for the n...
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• NoCal Chick-fil-A Single-Tenant Property Sells for $2,167/sf
12/23/22
A NoCal-based private investor purchased a new, 4.8k sf single-tenant net lease Chick-fil-A Drive-Thru in Livermore for $10.4 mil, or $2,167/sf. The property was sold by Meridian, a full-service real estate developer and inve...
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• Fremont Multifamily Property Sells for $453k/Unit
12/22/22
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, sold in a $27.2 mil ($453.3k/unit) trade. Victoria Park is located at 40882 High St, just west of I-680.
Built in 1987, Victoria Park of...
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• San Jose R&D Asset Trades in $41.5 Mil Deal
12/20/22
WF Batton Management Company bought Valley Research Center, a 129k sf R&D campus in North San Jose in a $41.5 mil ($322/sf) transaction.
Valley Research Center is comprised of two 64.5k sf buildings, which were renovated in ...
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• Sacramento’s Esquire Plaza Lands $19.5 Mil Refi
12/16/22
Esquire Plaza, a 22-story, 307k sf Class A office tower anchoring Sacramento’s Governmental Affairs District skyline, was refinanced with a new loan for $19.5 mil. Notable tenants include the Associated Press, California Buil...
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• The Prado Group Buys Five-Acre San Francisco Property to be Redeveloped into 273-Res Project
12/14/22
The Prado Group has purchased the 4.9-acre site in San Francisco’s Presidio Heights neighborhood occupied by the California Pacific Medical Center in a deal said to be worth over $50 mil. The property, which was sold by Sutte...
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• Berk Properties Pays $11.6 Mil for Cannon’s Hotel Development Site in Dana Point
12/14/22
Newport Beach-based Berk Properties LLC acquired the fee simple interest in the Cannon’s Hotel Development Site in Dana Point for $11.6 mil. The former home of Cannon’s Restaurant, the site is fully entitled and has received ...
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• Monterey Office Property to be Converted into Workforce Housing
12/13/22
A suburban office property in Monterey, CA will be converted into workforce, multifamily housing as an adaptive reuse project. The property, covering 7.23 acres at 2300 Garden Rd, will be redeveloped to provide 64 one- and tw...
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• Alta Housing Opens New Affordable Housing Project in Palo Alto
12/13/22
Wilton Court Apartments, a new res development by Alta Housing in Silicon Valley, has been completed and is now open to the public. Located at 3705 El Camino Real in Palo Alto, Wilton Court Apartments is Alta Housing’s first...
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• Lansum International Inks Sublease for 155k sf Oakland Warehouse
12/09/22
Lansum International has subleased a 155k sf industrial warehouse facility in Oakland. The property, located at 8380 Pardee Dr, between Doolittle Dr and I-880, is owned by Westcore, who purchased the building in 2020 for $40....
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• Investor Group Secures $30 Mil to Buy Out San Jose Mobile Home Park
12/01/22
An investment partnership has obtained $30 mil to buy out a 315-unit mobile home park in San Jose. The all-ages community offers three laundry rooms, a clubhouse, heated pools, billiards room, a private conference room, and a...
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