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TMG Partners Closes on 2201 Broadway in Oakland for $77MM

(EDITOR’S NOTE: According to sources familiar with the transaction, the sale price was $77 million, or just over $388 per square foot. TMG Partners and their representatives declined to provide details of the sale.) Adds 198,000 Square Feet of Office

Thor Equities Sells 760 Market for $374MM at 4.5 Cap

(Editor’s Note: According to two sources familiar with the transaction, the Phelan Building sold for $374 million at a 4.5 cap rate. At that rate, the per square foot price comes to $1,238 (based on 250,000 square feet of office

Legacy and SyRES Acquire Concord Apartments & Development Site for $64MM

(EDITOR’S NOTE: The joint venture acquired the asset and a development site on the same block from Behringer Harvard for a combined $64 million, according to public documents. Legacy and SyRES paid $59.5 million for the existing building, or just

Changing Your Workplace?

Make It Work with a Change Management Plan By Robin Weckesser Change management isn’t new, but today’s office dynamics are. To drive innovation and attract and retain top talent, companies are seeking creative, “cool” workplace solutions that offer a variety

Interstate Equities Buys $46MM Apartment Complex in Milpitas

This is the fifth acquisition in 2016 for the firm’s $200 million, IEC Institutional Fund III Los Altos, Calif., (August 22, 2016) – Institutional fund manager Interstate Equities Corporation (IEC) has acquired a 137-unit, value-add multifamily property in Milpitas for

48-Unit Property in Concord Sells for $8.1MM

Concord, CA – The Pinza Group, the leading East Bay Multifamily Sales Brokerage, has announced the sale of the Cambridge Park Apartments in Concord, CA. Steven Pinza, Esq (the 2014 & 2015 Top Sales Broker in the East Bay according

123 Mission in San Francisco Sells for $255MM

If there was every any uncertainty that interest for Bay Area assets from Asian investors may be subsiding, the recent sale of 123 Mission Street, a 28-story office building consisting of approximately 346,000 rentable square feet, should put those considerations

Greenland USA Acquires 42-Acre South San Francisco Oyster Point for $171MM; Will Invest Over $1B in Development

(EDITOR’S NOTE: According to sources familiar with the details of the deal, the transaction closed for $171 million. The seller, Shorenstein, was represented by JLL’s San Francisco Capital Markets Group. Greenland was represented by the San Francisco office of Kidder

CityView Creates $150MM Investment Fund; Seeks Deals in San Francisco and Seattle

By Jon Peterson Los Angeles-based CityView has raised $150 million of equity capital for a new investment fund that will look to invest in apartment projects that are located in the West and Southwest markets.  Two of its targeted markets

Aimco Finalizes $320MM Acquisition of Luxury Apartment Community in Redwood City

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) today announced that it completed the acquisition of Indigo in Redwood City, California. The $320 million acquisition was primarily funded with §1031 like-kind exchange proceeds from sales completed earlier this year. Indigo

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