Gateway at Millbrae Project Awarded $18MM Affordable Housing Grant
The Core Companies, BART, City of Millbrae Partner to Secure “Cap and Trade” Award Millbrae, CA (Jun 28, 2019) – The California Strategic Growth Council (CSGC) unanimously approved a funding award in...
View ArticleGerding Edlen Places Emeryville Asset on the Market, Pricing Could Reach $50MM
By Jon Peterson Portland, Ore.-based Gerding Edlen has placed on the market for sale the 126,509 square foot The Atrium office building in Emeryville, located at 1650 65th Street. The potential sales...
View Article1.76-Acre Development Site Adjacent to BART Sells for $13MM
(EDITOR’S NOTE: According to sources familiar with the transaction, the parcel sold for $13 million.) Burlingame, CA (July 1, 2019) – CBRE announced today the disposition of a 76,000-square-foot,...
View ArticleCBRE Arranges $82MM Sale and Financing of One Montgomery in Downtown San...
San Francisco, Calif. (July 8, 2019) – CBRE has announced the sale of One Montgomery Street to a joint venture between REDCO Development and AEW Capital Management, L.P. The historic mixed-use property...
View ArticlePaceline Investors Acquires Historic Asset in Uptown Oakland for $11MM
By Meghan Hall Oakland’s commercial real estate market has bloomed over the last few years, as firms eager to be central to the Bay Area — but outside of San Francisco and Silicon Valley — have...
View ArticleBlackstone Puts Market Center in San Francisco up for Sale, Pricing Could...
By Jon Peterson New York City-based Blackstone Real Estate Partners has put up for sale two-building, 753,000 square foot Market Center office asset located at 555 and 575 Market Street in San...
View ArticleSan Pablo Multifamily Asset Sells for $4.495MM, Sets New Marker for City
SAN PABLO, CA (July 16, 2019) – NAI Northern California is pleased to announce the sale of 2394 Road 20 in San Pablo for $4.495 million, setting a new record for price per unit for San Pablo...
View ArticleSobrato Submits Formal Application for 584,000 SQFT Office Development in...
By Meghan Hall Downtown San Jose has less than nine million square feet of office space, and, until the end of this development cycle, few office projects had been proposed to round out the city’s...
View ArticleEssex Property Trust Pays $164MM to Acquire 300-Unit Walnut Creek Apartment...
By Jon Peterson San Mateo-based Essex Properties Trust has paid $164.9 million, or just under $550,000 per unit, to acquire the 300-unit Brio apartment complex in Walnut Creek, according to the real...
View ArticleFive-Unit Property in Berkeley Sells for $2.25MM
Berkeley, CA (July 23, 2019) – The Pinza Group, the leading East Bay Multifamily Sales Brokerage and 2018’s Top Multifamily Sales Brokerage in the East Bay according to CoStar, has announced the sale...
View ArticleClarion Partners Buys 185-Unit Artist Walk in Fremont for $110.25MM
(EDITOR’S NOTE: According to sources with knowledge of the transaction details, the property sold for $110,250,000. This sale included the 30,000 square foot retail space, which is within the property....
View ArticleBridge Development Partners Buys Land in Milpitas for $78.1MM
By Vladimir Bosanac Los Angeles-based Hudson Pacific Properties has completed the sale of its Campus Center asset and some adjacent land in Milpitas in two separate transactions. In May of 2019, the...
View Article25 Units in Lafayette Sell for $12MM
Sale of 3535 Brook Street in the East Bay Area by NAI Northern California sets record price per unit and per sqft. LAFAYETTE, CA (August 6, 2019) – NAI Northern California is pleased to announce the...
View ArticleUrban Catalyst Acquires Downtown San Jose Property for $15.9MM
SAN JOSE, Calif., Aug. 7, 2019 – Urban Catalyst, a multi-asset opportunity zone fund based in San Jose, announced it has acquired its fourth property, 147 E. Santa Clara Street. Located across from...
View ArticleEight-Unit Property in Oakland Sells for $1.275MM
Oakland, CA- The Pinza Group, the leading East Bay Multifamily Sales Brokerage and 2018’s Top Multifamily Sales Brokerage in the East Bay according to CoStar, has announced the sale of an eight unit...
View ArticleGateway at Millbrae Station Establishes Transit-Oriented Destination
SAN FRANCISCO: The 17-acre Gateway at Millbrae Station is conceived as a miniature city next to a strategically located public transit station in Millbrae, CA, a Bay-area city just west of San...
View ArticleParamount Group Selected to Buy Market Center in San Francisco for ~$723MM
By Jon Peterson New York City-based Paramount Group is planning to close later this year on the acquisition of the two-building office asset in San Francisco known as Market Center. The planned...
View ArticleParamount Spends Nearly $900MM on Two San Francisco Assets in As Many Months
NEW YORK–Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that it has completed the acquisition of a 44% joint venture interest in 55 Second Street in San Francisco....
View ArticleHunter Storm Receives Final Approval for Office, Residential and Retail...
CUPERTINO, CA – AUGUST 21, 2019 – With the Santa Clara City Council’s approval last month of Hunter Storm’s proposed Gateway Crossings project, a massive, mixed-use, transit-oriented development, and...
View Article42-Unit Berkeley Asset Sells for $12.7MM
The Bay Area Multifamily Team of Colliers International has completed the sale of a 42-unit apartment community in Berkeley, CA. The property is located at 1300 Delaware Street, two blocks from the...
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