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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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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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