San Francisco
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Cal-Poly Center Achieves LEED Gold Certification
SAN LUIS OBISPO, CA—Acquired Simon and Associates provided LEED consulting on recreation center project.
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Nippon Prologis REIT to Make $1.3B Acquisition
SAN FRANCISCO—Eight Class-A Properties to be acquired through sale of NPR. Prologis will retain at least 15% ownership.
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Newest Hotel in Submarket Changes Hands
SAN JOSE, CA-CBRE Strategic Partners U.S. Value 6 buys the San Jose Marriott for significantly less than replacement cost.
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NorthMarq Arranges $45M Mortgage for Campbell Mixed Use
CAMPBELL, CA—Complex includes 168 residences and 15,000 square feet of retail.
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San Jose Undergoes Metamorphosis
SAN JOSE, CA-The recent Downtown San Jose Real Estate Tour pointed out that development is under pressure here to meet the changing worker demand.
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JLL Gets New NorCal Head of Construction
SAN FRANCISCO-P.J. Cosgrove is promoted to managing director to lead the firm’s 11-person Northern California construction team.
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Thompson|Dorfman Partners To Spend $500M
SAN FRANCISCO-The firm has nearly 1,200 residential units under construction or in the design or entitlement phase in the Bay Area and plans to spend more than $500 million on new developments in the next three years.
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Irvine Co. Closes on Santa Clara Buy
SANTA CLARA, CA-In an update to an earlier story, Southern California’s the Irvine Co. is now the owner of the Park Square, a 456,000-square-foot business park.
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Work Begins on Summit 800
SAN FRANCISO—Project which will include 182 attached and detached single-family homes received feng shui blessing.
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Twitter Resists Migrating Movement
SUNNYVALE, CA-The company make its presence known in Sillicon Valley with a lease at the Sunnyvale Business Park, bucking the trend of companies migrating north into San Francisco.
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Panel: Bay Area Keeps Up Job Growth Rate
SAN FRANCISCO-At a recent Marcus & Millichap investor symposium, the firm’s Hessam Nadji said that in addition to a continued Bay Area job growth, the local office market will continue strong through at least 2015.
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Tranwestern Brings Coldwell Banker to Concord Gateway
CONCORD, CA—Move from Bishop Ranch Business Park bring the regional real estate office closer to the employees in Contra Costa County.
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More Local Land Purchased for Spec Build
FREMONT, CA-Overton Moore Properties acquires 40.5 acres in Fremont for a new 700,000-square-foot industrial build.
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LiquidSpace Secures $1.3 Million In Series B Funding
SAN FRANCISCO—Flexible space specialist has now raised more than $12 million in fudning and has facilitated over 200,000 reservations across its network of over 2,000 private and public workspaces in 250 cities nationwide.
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Kennedy Wilson Named Agent of 1MSF
VALLEJO, CA-Tapped by Lennar Mare Island LLC, GlobeSt.com EXCLUSIVELY learns that the more than 1 million square feet consist of commercial sites on Mare Island, a former naval base on 650 acres.
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California Labor Market Surges Ahead
SACRAMENTO-Los Angeles County saw the strongest job growth on an absolute basis with 11,900 new nonfarm positions, says Beacon Economics.
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Buyer Benefits From Property Potential
SAN FRANCISCO-In an UPDATE to an earlier story, KW Commercial Investment Group president talks about prime submarkets running out of space as one reason for Redwood Shores’ appeal.
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Housing Growth Lags Near Chicago Transit Centers
CHICAGO-Residential housing construction near the CTA and Metra rail stations pales in comparison to new housing being added near transit centers in New York, Philadelphia, San Francisco and Boston, according to a report.
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Two Class A Offices Go for $22M
REDWOOD CITY, CA-Kennedy Wilson and its partner acquire the Pointe at Redwood Shores in an area that has had strong demand for office space from tech industry tenants.
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NorCal Retail Turns the Corner
SACRAMENTO-The mood in retail has grown optimistic, at least in Northern California, say Voit Real Estate Services EVPs Jason Gallelli and Gary Gallelli.
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