What happened, and who moved.
When it comes to fulfilling state and regional housing mandates in Palo Alto, no recent changes to state law can compare to the project that will take over the former site of The Fish Market on El Camino Real. The Acclaim Companies development to come at 3150 El Camino Real boasts 368 apartments, 74 of which... The…
Whitewater Commercial Real Estate, a San Diego-based commercial real estate brokerage specializing in multifamily, arranged the sale of 3013 C St., a value-add complex in Golden Hill. The property sold for $5,337,276. Cole Silverman, Connor Stolle and Carson Trujillo of Whitewater represented the seller, Stephanie…
Stockbridge Capital Group purchased a luxury multifamily property in San Francisco's Potrero Hill neighborhood, marking one of the highest per-unit prices in the local market in recent years.
The Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform. The nonrecourse loan carries a 10-year term with interest-only payments for the full term. Property…
Google’s landlord next door to its own headquarters just swapped lenders on identical terms, locking in continuity on one of North Bayshore’s most closely watched office assets even as the surrounding submarket carries some of Silicon Valley’s highest vacancy. Broadreach Capital Partners has secured a $150 million…
VANCOUVER, WASH. — JLL has provided a $42 million Fannie Mae loan for the refinancing of Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-,…
KEY WEST, FLA. — Sixth Street, a global investment firm based in San Francisco, and partner Riller Capital have acquired Pier House Resort & Spa, a 142-room luxury oceanfront resort located at 1 Duval St. in Key West. Dallas-based Braemar Hotels & Resorts sold the property to the partnership for $190 million.…
SAN DIEGO — PMB and Pillar Properties will develop a new 224-unit senior living community at San Diego State University. Dubbed SDSU Mission Valley, the project will total 295,000 square feet across seven stories and will feature independent and assisted living units, as well as 26 memory care residences. Amenities…
ENCINITAS, CALIF. — RPG has acquired a 4,939-square-foot multi-tenant retail property located in Encinitas, roughly 25 miles north of downtown San Diego. The building was fully leased at the time of sale to five tenants including three retail shops and two restaurants. The seller and terms of the transaction were…
VANCOUVER, WASH. — JLL has arranged a $42 million Fannie Mae loan for refinancing for Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real Estate Partners, which has owned the property since 2022. Built in 1989, Portola Bridge Creek offers one-,…
A scaled-back version of Urban Catalyst’s long-planned Icon/Echo development in the city’s Civic Center neighborhood was approved during a San Jose Planning Director meeting on Aug. 12, clearing the way for 645 apartments across two eight-story buildings on a site the developer spent four years assembling parcel by…
A data center company has taken over an entire Santa Clara research-and-development building, adding to the intense competition for space in a city that has become ground zero for the Bay Area’s data center and AI infrastructure expansion. ECL has leased the full 75,810-square-foot building at 2175 Mission College…
Rockpoint and Oppidan appear to have scrapped a long-dormant plan for a manufacturing building at 865 Embedded Way in favor of an 18-megawatt data center, betting that proximity to PG&E’s expanded Santa Teresa substation outweighs whatever the site was worth for industrial use. A 10-acre parcel that sat idle for…
Sacramento’s industrial developers are betting big on scale even as the broader market works through a supply hangover, with Buzz Oates now marketing the largest speculative building underway in the region’s most established logistics park. Titan Logistics Center, a 558,134-square-foot Class A industrial building…
PORTLAND, ORE. — JLL has arranged a $40.5 million refinancing loan for The Payton, a 162-unit Class A property in Portland’s Lloyd District area. San Diego-based ColRich is the borrower/owner.… The post ColRich Secures $40.5M Refinancing for Luxury Pacific Northwest Property appeared first on Multifamily &…
Gov. Gavin Newsom announced nearly $239 million in construction-gap funding for 20 affordable multifamily developments across California. The projects underwent a streamlined approval process to keep development on track and cut red tape, according to the governor’s office. With project costs totaling more than…
SAN DIEGO — PMB and Pillar Properties will develop a new senior living community at San Diego State University. Dubbed SDSU Mission Valley, the project will total 295,000 square feet across… The post PMB, Pillar Properties to Develop 295,000 SF Community at San Diego State University appeared first on Seniors…
A century-old Bay Area family business known for supplying stone and brick just sold one of its Silicon Valley real estate holdings for $450 a square foot, pricing that lands closer to the market’s trophy office towers than to comparable Class B buildings. A Silicon Valley office building tied to one of the Bay…
Stockbridge's $767,000-per-unit purchase of Alta Potrero is the clearest signal yet that institutional buyers will pay a steep premium for newly built rental housing steps from San Francisco's booming AI employers. The post Stockbridge Pays $132MM for 172-Unit Alta Potrero in San Francisco’s Potrero Hill appeared…
The robotics startup, backed by Nvidia and Microsoft, is abandoning a cramped 10,000-square-foot Mission District office for six times the space in Burlingame's North Rollins industrial corridor, betting that proximity to Silicon Valley's data-center supply chain will fuel a hiring surge. The post Bright Machines…
Behring looks to turn vacant site back into live data center
A New York-based investor has acquired The Wilson, the 68-unit adaptive-reuse apartment building at 973 Market Street, from Raintree Partners for $19 million, adding one of the Market Street corridor's most distinctive historic conversions to its holdings. The post Raintree Partners Sells Historic 68-Unit Wilson…
TikTok's move to end hybrid work for most U.S. employees in September will send its Mountain View and San Jose staff back to their desks full time, adding a jolt of demand to a Silicon Valley office market already on the mend. The post TikTok Mandates Five-Day Office Return, Refilling Its Silicon Valley Desks…
CHULA VISTA, CALIF. — JLL Capital Markets has arranged the $30.4 million sale of Terra Nova Plaza, a retail center in the San Diego Bay city of Chula Vista. A global investment manager sold the asset to an undisclosed buyer. Located at 390 H St., Terra Nova Plaza features 96,114 square feet of fully occupied retail…
A metal additive manufacturing company has secured a sizable Fremont research-and-development footprint, joining a roster of advanced-manufacturing tenants that drove Silicon Valley’s R&D leasing during the second quarter. Velo3D has signed a direct lease for 81,394 square feet at 2710 Lakeview Court in Fremont’s…
Two historic Embarcadero warehouse piers slated for a full renovation are being offered for long-term lease to major credit tenants, positioning up to 279,876 square feet of San Francisco waterfront space for occupancy in late 2029. The post Pacific Cornerstone Brings 280,000 SQFT Piers 38 & 40 Waterfront…
Sacramento’s industrial market posted its strongest leasing quarter since the 2021 building boom stalled, with vacancy edging down, sublease space contracting for the first time in five years, and tenants increasingly favoring Class A warehouse space despite a single West Sacramento move-out still weighing on…
MARINA DEL REY, CALIF. — An affiliate of San Francisco-based Jackson Square Properties has acquired Shores, a 544-unit community in Marina del Rey for $170 million. Law firm Cox, Castle… The post Jackson Square Acquires Marina del Rey Asset for $170M appeared first on Multifamily & Affordable Housing Business .
VANCOUVER, WASH. — JLL has arranged a $42 million Fannie Mae refinancing loan for Portola Bridge Creek, a 270-unit, garden-style community in Vancouver. The borrower was Irvine, California-based SB Real… The post JLL Arranges $42M Refinancing for Portola Bridge Creek in Vancouver, Washington appeared first on…
NAI reports growing retail investment activity in Southern California amid a contracting development pipeline, with details on mixed-use and commercial transactions across the region.
Black Equities acquired a multifamily property in Culver City, Los Angeles for $106 million, setting a local record.
Behring Cos. is transforming an Oakland facility into a 20-megawatt artificial intelligence data center, enhancing the East Bay Area's AI infrastructure.
Brixton Capital, a vertically integrated owner and operator of retail and multifamily properties, has secured a lease with La La Land Café to occupy the mezzanine terrace and café space at its upscale Del Mar Plaza retail destination. La La Land will occupy 1,168 square feet of interior space, with additional…
Illustrating the strong demand among artificial intelligence hardware companies for Silicon Valley manufacturing space even before it’s built, a unit of Taiwan-based MiTAC Holdings Corp. has committed to the second phase of the new Campus at Bayside, a nearly 470,000-square-foot development in Fremont, reported the…
The Tollway North Office Park in Plano was picked up by one California-based firm and sold by another. Los Angeles-based BH Properties purchased the seven-building campus within Legacy Business Park from Oceanside, California-based KBS. The buildings are just down the road from the new AT&T campus, and were sold…
The smells still coming from the husk of the Lineage Cold Storage warehouse, which caught fire in the Boyle Heights neighborhood of Los Angeles on June 17, defy common description. Nearly 4,000 odor complaints have been lodged with the South Coast Air Quality Management District (SCAQMD), with various descriptions…
HOUSTON – (Realty News Report) – Camden Property Trust, a Houston-based apartment REIT, has sold 11 California apartment complexes with 3,260 units for $1.625 billion to a BlackRock investment fund. Earlier this year, Camden announced this plan to sell its California apartments and redeploy the money to multifamily…
Amazon Web Services has begun construction on a two-building, 438,500-square-foot data center campus in Gilroy, a roughly $2 billion project that advanced through entitlement under decades-old industrial zoning even as data center approvals grow harder to win across California. The post Amazon Advances $2B, 439,000…
BERKELEY, CALIF. — A joint venture between Canyon Partners Real Estate, The Martin Group and Valiance Capital has delivered The Valiant, a 265-bed student housing development located near the University of California, Berkeley campus. The eight-story building spans 80,500 square feet and offers 83 units in a mix of…
The Tenderloin Neighborhood Development Corporation and Chinatown Community Development Center have opened 730 Stanyan, a $153.2 million, 160-unit affordable housing complex on a former McDonald's site at the edge of Golden Gate Park, marking the first major affordable development in Haight-Ashbury in nearly two…
Global investment management firm Capital Group is taking space for an additional office in New York City. Capital Group, which is based in Los Angeles and oversees $3.6 trillion in assets, signed a 10-year lease for the entire 70,400-square-foot fourth floor of Rudin’s 345 Park Avenue in Midtown, according to the…
MARINA DEL REY, CALIF. — Affiliates of Jackson Square Properties have acquired Shores, an apartment property in Marina del Rey, from a company doing business as Shores LLC for $170 million. Cox, Castle & Nicholson LLP served as counsel to the seller in the transaction, which is one of the largest commercial real…
Fresh off its first billion-dollar quarter, the San Jose fuel-cell maker is moving to expand its Fremont manufacturing base — reportedly through a Prologis-owned building on Encyclopedia Circle — as hyperscalers race for on-site power the grid cannot deliver fast enough. The post Bloom Energy Eyes 159,000 SQFT…
BERKELEY, CALIF. — A joint venture between Canyon Partners Real Estate, The Martin Group and Valiance Capital has completed The Valiant, a 265-bed student housing development located near the University of California, Berkeley campus. The eight-story building spans 80,500 square feet and offers 83 units in a mix of…
A Livermore-based ownership group has filed a preliminary application under California's Housing Crisis Act to demolish the drive-thru Burger King at El Camino Real and East 28th Avenue and build 151 for-sale condominiums above a rebuilt restaurant, on a corner that sits directly across the tracks from San Mateo's…
Jeff Bezos’ stealth AI startup has landed in West Oakland just as East Bay industrial landlords report renewed demand from the exact category of tenant the submarket has been courting: technology and advanced manufacturing users spilling north from Silicon Valley. A West Oakland manufacturing campus that has spent…
WareSpace, the small-warehouse platform backed by a newly enlarged $500 million commitment from Jadian Capital, has named San Francisco among its next expansion targets as it races from 32 locations toward 100 nationwide. The post WareSpace Targets San Francisco Expansion, Backed by Jadian’s $500MM Commitment…
Costco’s big-and-bulky delivery arm has recommitted to West Sacramento, renewing 150,798 square feet at LogistiCenter at Southport and taking slightly more space than it originally leased nearly five years ago. Costco Innovel Solutions extended its lease at 3520 Carlin Drive in the second quarter, according to…
Prado Group and Presidio Bay Ventures have terminated their agreement to acquire the shuttered San Francisco Centre Mall on Market Street, returning the 1.5 million square foot property to the market.
Prado Group and Presidio Bay Ventures have withdrawn from a deal to acquire the historic shuttered San Francisco Centre Mall, a 1.5M SF Market Street property.
Prado Group and Presidio Bay Ventures have withdrawn from a pending purchase of the shuttered San Francisco Centre Mall, a 1.5M SF Market Street property, returning it to the sales market as the city's retail vacancy declines to 5.6%.
CBRE has arranged a 7,000‑square‑foot retail lease for Vietnamese beauty retailer Hasaki at Cudahy Plaza in Cudahy, marking the brand’s first U.S. store. Hai T. Dang with CBRE’s San Jose office represented the tenant. The landlord is Excel Realty Partners, LP. Cudahy Plaza, located at 7903–8017 South Atlantic…
Marcus & Millichap Capital Corporation (MMCC) arranged $7,380,000 in financing for Beaumont RV and Self Storage, a 49,958-square-foot self-storage property located at 251 W. 1st St. in Beaumont. Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the 10-year financing with a national…
On a recent summer afternoon, an ice cream vendor pushed a brightly colored cart along a residential street in Mountain View. But the chiming music did not draw any customers outside, not even a child — likely because most of the homes on the street sat vacant. For the past several years, tenants have been... The…
Cox, Castle & Nicholson LLP served as counsel to Shores LLC in the sale of Shores, a 544-unit multifamily community in Marina del Rey, for $170 million to Jackson Square Properties affiliates. The transaction is one of the largest commercial real estate transactions in Los Angeles County year to date, according to…
HOUSTON — Camden Property Trust (NYSE: CPT) has sold an 11-property, 3,620-unit apartment portfolio in Southern California for approximately $1.6 billion. The buyer was an investment entity managed by BlackRock… The post BlackRock Acquires 11-Property Camden Property Trust Portfolio for $1.6B appeared first on…
Hoopa Valley people launch new facility
Berkeley, Calif. — A joint venture between Canyon Partners Real Estate, The Martin Group and Valiance Capital has completed The Valiant, a 265-bed student housing development located near the University of… The post Joint Venture Completes 265-Bed Development Near University of California, Berkeley appeared first…
An East Side school district is moving forward on its efforts to provide affordable housing for teachers and other employees. Alum Rock Union School District’s $71.5 million bond known as Measure S is materializing five years after voters approved it to fund workforce housing and other capital improvements. Since…
Software and computing giant Qualcomm is expanding its Austin footprint. The chipmaker filed plans to build out an additional floor of office space at Parmer 4.1, a 188,000-square-foot office building at 13929 Center Lake Drive. The 70,000-square-foot expansion brings the San Diego-based company’s footprint at the…