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Walnut Creek Apartment Portfolio Trades Hands for $64.3 Million

Walnut Creek Apartment Portfolio Trades Hands for $64.3 Million

A multifamily portfolio recently traded hands in the city of Walnut Creek after the completion of a deal made between seller JB Matheson and new owner Interstate Equities Corporation. Arranged by Marcus & Millichap’s multifamily brokerage division of Institutional Property Advisors, the deal includes three different apartment buildings located in…

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Pleasant Hill Retail Property Trades Hands in $100 Million Deal as Retail Rates Make a Comeback

Pleasant Hill Retail Property Trades Hands in $100 Million Deal as Retail Rates Make a Comeback

The Downtown Pleasant Hill retail center offers 345,687 square feet of commercial space in San Francisco’s Pleasant Hill community. The center is the area’s main commercial hub, featuring a 40-strong tenant roster that includes names such as Century Theaters, Lucky Supermarket, Bed Bath & Beyond, Michaels, Ross, Golfsmith, Paul Mitchell…

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Over-Performing San Francisco Office Market Produces Yet Another Office Deal

Over-Performing San Francisco Office Market Produces Yet Another Office Deal

San Francisco’s improving office market has produced yet another deal after a joint venture created by Hines and Invesco Real Estate moved to acquire an iconic construction located in the city’s South Financial District. The two real estate companies have completed a deal making their joint venture the new owner…

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Former Solyndra Factory Given New Life as Seagate Unveils R&D Facility Plan

Former Solyndra Factory Given New Life as Seagate Unveils R&D Facility Plan

The old Solyndra site will be given a complete makeover as it morphs into a $180 million state-of-the-art R&D facility. Located on Kato Road, in Fremont, the 411,000-square foot complex was bought by Seagate earlier this year for a fee of $90 million, San Jose Mercury News writes. The rest…

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Essex Property Trust Picks up Fox Plaza Residential Component, Commits to Improvement of New Asset

Essex Property Trust Picks up Fox Plaza Residential Component, Commits to Improvement of New Asset

The acquisition deal did not include the lower floors featuring commercial office space. However, an adjacent two-story, 37,800 square-foot commercial building was part of the agreement. The REIT’s interest in this second building is clearly linked with the fact that there is permitting in place for a 250-unit, 11-story apartment…

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Hotel Durant Acquired by Gemstone Hotels & Resorts in $27M Deal

Hotel Durant Acquired by Gemstone Hotels & Resorts in $27M Deal

The 144-key hotel is located 2600 Durant Dr., in the immediate proximity of the University of California Berkeley campus. The boutique hotel offers a great location, within walking distance of Cal Bears Stadium and the Lawrence Hall of Science. The in-room amenities include high thread-count linens, hypo-allergenic pillows, ceiling fans…

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Boston Properties Acquires In-Development High-Rise in South Financial Submarket, Sets Sights on Mixed-Use Opportunity in Virginia

Boston Properties Acquires In-Development High-Rise in South Financial Submarket, Sets Sights on Mixed-Use Opportunity in Virginia

535 Mission Street is a project for a 27-story building, with a massive height of 378 feet. The building will offer 307,000 square feet of leasable Class A office and retail space in a LEED Gold certified environment. The property is set to cater to tech tenants looking to relocate…

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San Jose Power Retail Center Sparks $200 Million Acquisition Deal

San Jose Power Retail Center Sparks $200 Million Acquisition Deal

The Plant is one of the largest properties of its kind in the entire region, offering a total of 650,500 square feet of retail space in the city of San Jose, only 510,000 of which were included in the actual deal. This is a result of the fact that a…

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Recent Transactions in Bay Area and Silicon Valley Cement Area’s Appeal

Recent Transactions in Bay Area and Silicon Valley Cement Area’s Appeal

The 520,000-square foot building located at 1221 Broadway has served as Clorox’ HQ since 1988 and will continue to be used by the household item manufacturer as per the terms of the sale. The company has opted to sell its 24-story office tower due to an ongoing process of moving…

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Forest City Enterprises Offloads Coveted Office Property in Downtown San Jose

Forest City Enterprises Offloads Coveted Office Property in Downtown San Jose

One of San Jose’s largest office buildings recently traded hands after Forest City Enterprises Inc. agreed terms with CBRE Global Investors for the sale of Fairmont Plaza. CBRE Global Investors paid $93.1 million for the Bay Area asset. The property, also known as the Knight-Ridder building, was sold in order…

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TMG Partners Acquires Recently Vacated Office Property, Seeks to Improve Existing Space

TMG Partners Acquires Recently Vacated Office Property, Seeks to Improve Existing Space

A vacant North San Jose office building was recently acquired by San Francisco-based real estate company TMG Partners. The buyer acquired the Class A property with the aid of equity partner Alcion Ventures LP. The seller was real estate investment company Kaufman Jacobs out of Chicago. The deal was perfected…

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North Financial District Office Building Sold to Multi-Employer Property Trust

North Financial District Office Building Sold to Multi-Employer Property Trust

475 Sansome is San Francisco’s latest office property to be traded after the Multi-Employer Property Trust and Bentall Kennedy, MEPT’s real estate advisor, acquired the property for an undisclosed amount. The deal for the building located at the corner of Sansome Street and Clay Street in the North Financial District…

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