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Treat Towers in Walnut Creek Trade Hands

Treat Towers in Walnut Creek Trade Hands

By Alex Girda, Associate Editor MetLife recently acquired Treat Towers in one of the largest office deals in the East Bay this year, trading for around $120 million. The property was bought from Chicago-based Equity Office Properties Trust, who co-owned the Treat Towers with a TIAA-CREF retirement fund. The twin…

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Alta Bates Summit Medical Center’s New Parking Structure Unveiled

Alta Bates Summit Medical Center’s New Parking Structure Unveiled

By Alex Girda, Associate Editor The Alta Bates Summit Medical Center in Oakland has an ongoing expansion project that is apparently starting to get serious attention as one of the early phases of development was recently opened to the public. The Summit Campus’ new parking structure was opened recently and…

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Fortinet Acquires Facility Potentially Groomed for New HQ

Fortinet Acquires Facility Potentially Groomed for New HQ

By Alex Girda, Associate Editor A company dealing with national and international network security is set to expand after a recent property purchase in Sunnyvale. Fortinet Inc. is the new owner of 164,099 square feet of space at 895 Kifer Rd. on a 10-acre lot. The California-based tech company acquired…

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Green Energy Researchers Look to LEED Gold Building to Serve As New Facility

Green Energy Researchers Look to LEED Gold Building to Serve As New Facility

By Alex Girda, Associate Editor The Energy Biosciences Institute has announced that it’s moving into its new home—five years into its initiative to come up with energy alternatives. The building at 2151 Berkeley Way building will be shared with researchers from the University of California’s Department of Bioengineering, and approximately…

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Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise

Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise

By Alex Girda, Associate Editor It’s all about one-bite appetizers and shot-size cocktails these days, and now it looks like less is more in the living department as well. 300-square-foot apartments offer a frugal living space, but student housing developer Patrick Kennedy seems confident that those who crave city life…

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Brookfield Puts 333 Bush Up for Sale; USPS Markets 8 Assets

Brookfield Puts 333 Bush Up for Sale; USPS Markets 8 Assets

By Alex Girda, Associate Editor A second tech boom is ratcheting up demand for office space in the San Francisco Bay Area .This has prompted a number of owners to buy or unload assets, among them  Brookfield Asset Management, the global alternative asset manager that manages a $150 billion portfolio. Brookfield is hoping to ride the…

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California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino

California Fast-Tracks Apple’s HQ “Spaceship” in Cupertino

By Alex Girda, Associate Editor Apple’s plans to build a cutting-edge headquarters in Cupertino have been placed on the fast track by Gov. Jerry Brown. The state’s decision will help ensure that Apple will make its announced 2015 deadline for completing the project. Sustainable features anchored the argument  for shepherding the project through the California’s…

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Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets

Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets

By Alex Girda, Associate Editor Stockbridge Capital Group recently announced the final closing of a $220 million fund that will target a wide range of value-added investments including industrial, office, retail and multi-family properties in major domestic markets. Established in 2011, Stockbridge Value Fund I will focus on distressed and…

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Supervisors Clear Way for Talks on Warriors’ Waterfront Plan

Supervisors Clear Way for Talks on Warriors’ Waterfront Plan

By Alex Girda, Associate Editor The city has taken a giant leap forward toward luring a new major-league sports franchise now that officials have approved  negotiations with the National Basketball Association’s Golden State Warriors. The San Francisco Examiner reports that the city’s Board of Supervisors opted to eliminate the city’s…

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Kennedy Wilson Takes Upscale Hayward Complex in $87M Deal

Kennedy Wilson Takes Upscale Hayward Complex in $87M Deal

By Alex Girda, Associate Editor Kennedy Wilson has recently completed the $86.5 million acquisition of the Waterford, a 544-unit complex in Hayward. Most of the financing–$68.1 million–was secured through Freddie Mac. Terms are for a 10-year fixed rate of 3.69 percent. The Beverly Hills, Calif.-based firm described the deal as…

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Brentwood’s $61M Civic Upgrade Makes its Public Debut

Brentwood’s $61M Civic Upgrade Makes its Public Debut

By Alex Girda, Associate Editor In a bid to create a more vibrant image and revitalize its core, Brentwood has just wrapped a $60.8 million investment in its public buildings and spaces. Located in eastern Contra Costa County, the city of 51,000 marked the official opening of the multi-faceted project…

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Fairmont Sells to Oaktree and Woodbridge JV for $200M

Fairmont Sells to Oaktree and Woodbridge JV for $200M

  By Alex Girda, Associate Editor The Fairmont Hotel, a Beaux Arts landmark that has hosted presidents, foreign heads of state and celebrites since its 1907 debut, has come under the ownership of Oaktree Capital Management L.P. and Michael Rosenfeld’s Woodbridge Capital Partners L.L.C. The joint venture acquired the 591-key property…

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