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Lucas Moves Forward on $150M Affordable Housing Project

Lucas Moves Forward on $150M Affordable Housing Project

George Lucas is set to heavily invest in the development of the San Francisco Bay Area’s largest affordable housing project. The endeavor is projected to cost upwards of $150 million, with the creator of the Star Wars franchise set to pay for the project in its entirety. This will allow…

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Pipeline Grows in Jack London Square

Pipeline Grows in Jack London Square

Developer Austin Group has submitted plans to develop a new apartment community on the site of an R&B club. As Jack London Square becomes a development hotbed for the city of Oakland, the company is proposing the construction of a smaller scale community, right across the street from the Ellington…

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Facebook Taps Gehry for Menlo Park Project

Facebook Taps Gehry for Menlo Park Project

Facebook is further expanding its presence in Menlo Park, with the social network revealing plans to develop a large plot of land it acquired back in 2014. The tech giant relocated to the Silicon Valley city back in 2011 and has since undertaken an extensive campaign of making its mark…

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Rubicon Point Wraps Sale of 2 Assets in Silicon Valley

Rubicon Point Wraps Sale of 2 Assets in Silicon Valley

As Silicon Valley continues to entice investors, Rubicon Point Partners recently announced that is has completed sale agreements for two office properties in the area. The assets were acquired by separate entities that remained unnamed, with the two transactions totaling more than $40 million. According to Rubicon Point Partners Managing…

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TODAY’S DEALS: ASB Acquires Class A Seattle Apartments for $90M

TODAY’S DEALS: ASB Acquires Class A Seattle Apartments for $90M

ASB Real Estate Investments announced the acquisition of buildings in the burgeoning Capitol Hill neighborhood; a newly built California asset trades for $84 million; and ARA Newmark closes two suburban Atlanta sales. …

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Bascom Group, Carlyle Realty JV Buys MF Asset in Emeryville

Bascom Group, Carlyle Realty JV Buys MF Asset in Emeryville

Bridgecourt Apartments in Emeryville was recently acquired by a joint venture of The Bascom Group and funds managed by Carlyle Realty Partners. The buyer paid a total of $45.1 million for the asset in a deal arranged by Stephen Jackson and Mark J. Feldman of Colliers International. CBRE Capital Markets…

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Apple Takes Space in Downtown Cupertino

Apple Takes Space in Downtown Cupertino

Apple continues to bolster its influence on the Silicon Valley city of Cupertino as the tech giant recently completed a leasing deal for an under-development office campus located in the vicinity of its ambitious Apple Campus 2 project. The company has a large workforce in the area and occupies a…

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Despite Legal Hurdles, Millennium Plans Summer Kickoff for SoMa Tower

Despite Legal Hurdles, Millennium Plans Summer Kickoff for SoMa Tower

One of the most ambitious development projects in San Francisco is also one of the most highly contested. Millennium Partners is closing in on finally breaking ground on its $500 million development in the city’s SoMa district. The developer has been planning the project for nearly a decade and is…

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Land & Houses USA Pays $74M for Upscale San Mateo Asset

Land & Houses USA Pays $74M for Upscale San Mateo Asset

As The Bay Area continues its growth in terms of the real estate markets, an important transaction was recently completed in San Mateo. Wood Partners received $73.6 million for its Mode by Alta community from buyer Land & Houses USA Inc. The deal was arranged by Institutional Property Advisors.…

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TODAY’S DEALS: Wood Partners Completes Another California Sale

TODAY’S DEALS: Wood Partners Completes Another California Sale

Wood Partners completes a Bay Area sale; NorthMarq arranges a refinancing in Rochester, N.Y.; and GFI Realty arranges a $4.6 million sale of a Harlem walk-up building.…

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Napa Multifamily Asset Commands $58M

Napa Multifamily Asset Commands $58M

A Napa multifamily property was recently acquired by a joint venture created between Security Properties and Intercontinental Real Estate Corporation. The entity acquired the property in a deal worth $58 million through its Security Properties Multifamily Fund II. This marks the eighth acquisition in the fund. Saratoga Downs Apartments is…

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Meridian Cinches 2-Part Financing for Union Square Deal

Meridian Cinches 2-Part Financing for Union Square Deal

The 166 Geary Street building was recently acquired as Meridian Capital Group announced it has arranged $35 million in financing for the acquisition. The national commercial real estate finance and advisory firm worked on behalf of The Jackson Group, Sun Equity Partners and Concord Real Estate. Meridian arranged the 36-month,…

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