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October 15, 2024
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NORTHERN CALIFORNIA HEADLINES

 News

 Etc. Etc...
East Bay Single-Tenant Jack in the Box Property Sells for Over $1,500/sf
10/15/24
2.6k sf asset is near Oakland International Airport

Oakland Apartment Property Sells for $293k/Unit
10/11/24
29-unit asset is in the city’s Lakeshore neighborhood



Pacific Urban Investors Buys Milpitas Res Community
10/11/24
Trade is of 266-unit Ascend Apartments

Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Transit-oriented Cityline project being developed by Hunter Partners and Sares Regis Group of Northern California

Mary Hines and Jennifer Vergara Join CBRE as Vice Chairs
10/10/24
Top producing duo specializes in life science deals throughout the Bay Area

North Sacramento Warehouse Property Trades in $5.8 Mil Transaction
10/09/24
Pic58k sf building is fully leased by WCP Solutions

Pacific West Communities Buys Santa Cruz County Development Site
10/04/24
Firm to team up with Linc Housing to build 289-unit res project in Soquel

San Francisco’s Phoenix Hotel Acquired by Michel Suas of the San Francisco Baking Institute in $9 Mil Deal
9/26/24
Famous 44-room property likely to be redeveloped

Modesto Res Property Trades for $17 Mil in a Workforce Housing Deal
9/25/24
Aspen Real Estate Financial LLC (AREF) in partnership with Stanislaus Regional Housing Authority and CalAHA acquires 50-unit Rumble Road Apartments

SC Properties Closes on $37.5 Mil Bay Area Office Buy
9/24/24
Firm picks up 235k sf San Mateo Gateway Center

BKM Capital Partners Wraps Up $110 Mil Recapitalization of Light Industrial Portfolio
9/19/24
Transaction includes five properties containing nearly 540k sf of small-bay industrial space

Silicon Valley R&D/Office Building Sold for $169/sf
9/18/24
64k sf San Jose property sits on over four acres

JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
The purchases, made through the company’s JRK Platform 5 Fund, total $100 mil

Multifamily Property in Manteca, CA Sells for $268k/Unit
9/12/24
152-unit Laurel Glen fetches $41 mil

Milan Capital Management Acquires San Jose Power Center in $95 Mil Buy
9/11/24
JLL arranges joint venture equity partnership with Arc Capital Partners in purchase of The Plant

T&T Supermarket to Open First CA Store in San Jose
9/05/24
Chain inks lease at Federal Realty’s Westgate Center

San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
Five properties went for $380k/unit

Pac West Equities Acquires 267k sf of Industrial Assets in the Bay Area
8/28/24
$44.5 mil purchase is for two structures in American Canyon

Beckman Coulter Extends Lease for 60k sf in San Jose
8/23/24
Firm to remain at five-building Rose Orchard campus

Berkeley Student Housing Project Lands $30 Mil in Construction Money
8/19/24
JLL arranges loan for Panoramic Interests’ 73-unit The Northside

Bay Area Warehouse Trades in $35 Mil Transaction
8/16/24
132k sf Hayward facility sold by CenterPoint Properties

Silicon Valley Office Market Looking for Signs of Recovery
10/03/24
3rd Qtr 2024 update provided by Kidder Mathews

Interest in Office Conversions Grows Amid Rising Vacancies and Discounted Sales
8/26/24
Yardi’s research tools show a larger pool of potential conversion prospects than many think

Unique Mixed-Use Property in Desirable San Francisco Neighborhood Hits the Market
8/16/24
Listing is for a 100-year-old residential/commercial building in the Duboce Triangle area

San Francisco Office Vacancy Hits New Record High
7/09/24
Cushman & Wakefield provides brief mid-year snapshot of the market

Davlyn Investments Locks Up $56 Mil Refi Loan on Sacramento Area Res Community
7/09/24
Newmark arranges new financing on 273-unit Ascent at the Galleria in Roseville

Silicon Valley R&D Market: Navigating Change with Continued Innovation
7/03/24
Kidder Mathews shares mid-year 2024 update on the market

WNC & Associates Closes $300 Mil Equity Fund
5/10/24
Fund is invested in 24 properties totaling roughly 2,400 units in 16 states

Sacramento Office Market Continues to See Increasing Vacancy Rates
4/15/24
Kidder Mathews offers 1st Quarter update on the market

Sperry Commercial Global Affiliates Changes Its Name to SPERRY
4/05/24
The firm feels the new name will better reflect its aggressive efforts to expand within the U.S. and globally

New Mortgage Payments Expected to be Higher than Rent for Next Five Years, Making U.S. Homeownership a Challenge for Many
3/25/24
CBRE research shows that the average monthly mortgage payment for a newly purchased home exceeds rents by 38%



 


 
 


 
 


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