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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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Goodman Birtcher Lands Tenant for Oakland Facility

Goodman Birtcher Lands Tenant for Oakland Facility

Last summer, the Goodman Logistics Center in Oakland announced that one third of the facility’s available space had been leased out to Benjamin Moore & Co. With about a third of the available space taken, the property recently announced another major tenant, as a deal worth $16.25 million was recently…

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SoMa Hotel Gets New Owner, Name in $350M Deal

SoMa Hotel Gets New Owner, Name in $350M Deal

The Westin Market Street hotel in San Francisco recently traded hands, as LaSalle Hotel Properties purchased the property in a deal worth $350 million. The buyer used cash on hand and borrowings from its senior unsecured credit facility in order to fund the acquisition of the hospitality property. Upon closing,…

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Mill Valley M-F Asset Commands Record-Setting Price

Mill Valley M-F Asset Commands Record-Setting Price

Woodmont Companies recently acquired a Marin County multifamily asset, in a deal that set the new record in terms of price paid per square foot in the Bay Area. The Belmont-based buyer acquired the Casa Roja Apartments in Mill Valley at a rate of around $570 per square foot from…

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TODAY’S DEALS: Colliers Brokers Sale that Sets New Record in Marin County—$570 Per Sq. Ft.

TODAY’S DEALS: Colliers Brokers Sale that Sets New Record in Marin County—$570 Per Sq. Ft.

Colliers International closes the sale of the 38-unit Casa Roja Apartments in Mill Valley, Calif.; and HFF arranges $57 million in takeout financing for a property in downtown Denver.…

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Federal Realty Snaps Up Major Silicon Valley Retail Property

Federal Realty Snaps Up Major Silicon Valley Retail Property

Controlling interest in the San Antonio Shopping Center in Mountain View, CA was recently acquired by a real estate investment company in a deal worth a total of $62.2 million. The buyer is Federal Realty Investment Trust, a Rockvile, MD owner, operator and developer of high-end retail properties. The transaction…

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Intersect ENT Expands Footprint to 55 KSF at Menlo Park HQ

Intersect ENT Expands Footprint to 55 KSF at Menlo Park HQ

Intersect ENT has recently completed the leasing agreement for an expansion at its 1555 Adams Drive home in Menlo Park, CA. The company that deals with improving quality of life for patients with ear, nose and throat conditions inked the deal with landlord Tarlton Properties, Inc. The expansion means that…

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Fillmore Center Awarded Repositioned Property of the Year by San Francisco Apartment Association

Fillmore Center Awarded Repositioned Property of the Year by San Francisco Apartment Association

The Fillmore Center in San Francisco was recently honored by the San Francisco Apartment Association. …

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Candlestick Park to be Turned into New Mall and Housing as Lennar Takes Over 77-Acre Site

Candlestick Park to be Turned into New Mall and Housing as Lennar Takes Over 77-Acre Site

Ever since the 49ers joined the Giants and moved to their very own new home, the destiny of both teams’ former stomping ground has been under intense scrutiny. Candlestick Park is a substantial amount of land that is set to be turned into a new district dubbed Candlestick Point. According…

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Michael Rosenfeld Completes Nob Hill Triple as Woodbridge Capital Partners Acquires Stanford Court

Michael Rosenfeld Completes Nob Hill Triple as Woodbridge Capital Partners Acquires Stanford Court

The San Francisco hospitality market recorded an important hotel acquisition, as real estate investor Michael Rosenfeld acquired the third hotel on Nob Hill. The investor’s Woodbridge Capital Partners recently completed the acquisition of Stanford Court Hotel. The new owner now holds all three hospitality properties on No Hill, including the…

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