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FOLSOM, CA-Meadowview Limited Partners of Marin County bought the Riley Professional Center in central Folsom for $6.95 million. The seller, Capital Builders, built the property in 2000.
OAKLAND, CA-The revitalization efforts, which began in mid-2000 between the city of Oakland and Fannie Mae, is designed to help the city, local developers, banks and nonprofits finance the creation or renovation of nearly 450 units of affordable housing in West Oakland.
ALAMEDA, CA- The City of Alameda had originally allotted a $2.9 million budget for the project, but the full job will cost double this amount. The work will be completed in three phases.
SAN FRANCISCO-Michael Huaco brings 15 years of corporate real estate experience to Insignia/ESG, where he will focus on establishing new corporate real estate relationship with the Bay Area's major firms.
SIGNAL HILL, CA-Private investor F&B Properties purchased the multi-tenant industrial park from publicly traded, San Francisco-based Rreef. The eight-building Walnut Avenue Business Park was 93%-occupied at the time of sale.
PALO ALTO-The senior-living affiliate of Hyatt Corp. plans to develop a continuing-care retirement community on 22.4 acres adjacent to the university campus.
SAN FRANCISCO-Gray, Cary, Ware & Freidenrich leased about 34,000 sf in an office building now under construction directly across the street from Pac Bell Park and adjacent to Mission Bay. The law firm is headquartered next door to the site.
SAN FRANCISCO-Several refurbished buildings are set to come back online this summer the heart of San Francisco's downtown business district. One of them, on Taylor Street, has been fully leased to ABM Industries. The others are actively marketing their space.
SAN FRANCISCO-Dan Harvey and Jim McPhee have completed more than 400 transactions valued well in excess of $1 billion dollars since beginning their partnership in 1987. They are now senior vice presidents with Jones Lang LaSalle.
SANTA ROSA, CA-Two office buildings on its Airport Corporate Center property have been completed and occupied and a third, manufacturing building is nearly complete. A fourth building will await better economic conditions.