Concord Asset Sells for the Third Time in Six Years for $63.5MM

 By Jon Peterson PGIM Real Estate has sold the 347,129 square foot Concord Corporate Centre in Concord for $63.5 million, or approximately $183 per square foot, according to public records....
San Francisco Bay Area, Seattle, CBRE, Orlando, San Diego, Bay Area, Washington D.C., Tucson, Waterloo, Las Vegas, Hamilton

Two Industry Experts Offer Best Practices for CRE Investors During Tax Season

By Meghan Hall Taxes can be tricky for anyone to navigate and particularly stressful when saved for the last minute. And, with recent changes to...
Lennar, Milpitas, Trumark, Bay Area, Waterstone, homes, Fremont, Silicon Valley, housing

Lennar Continues Bay Area Expansion with $25MM Milpitas Buy

Miami-based builder Lennar Corp. is further entrenching itself into the Bay Area by taking a development site in Milpitas for a reported $25 million. Danville-based Trumark Homes was the seller...
Federal Realty 700 500 Santana Row Silicon Valley San Jose Splunk Devcon Construction Diridon Station Caltrain VTA Newmark Cornish & Carey WRNS Studio

Federal Realty Breaks Ground on $200MM+ Santana Row Development in San Jose

Federal Realty Investment Trust will start today the construction on 700 Santana Row, a 284,000 square-foot office building in one of Silicon Valley’s most recognized mixed-use neighborhoods in San...
San Francisco, JLL, Market Street, Union Square, Transbay Transit Center, Sun Life Assurance Company of Canada, Bentall Kennedy, Atlanta, SoMA, FiDi

Jamestown Buys 660 Market in San Francisco for ~$40MM

(EDITOR’S NOTE: According to sources who track commercial building sales in San Francisco, the sale price was around $40 million, or around $996 per square foot.) JLL completes sale of...
San Francisco, Oakland, Bay Area, Filbert Street, Highland Realty Capital, Owow, Danny Haber, East Bay housing development renting

San Francisco Developer oWow Plans $40MM Apartment Project at 2400 Filbert in Oakland

By Jon Peterson San Francisco-based developer oWow is planning to kick off a $40 million, 122-unit apartment project in Oakland located at 2400 Filbert Street, according to sources familiar with the...
Silicon Valley, Harvest Properties, Invesco, Sunnyvale, Caltrain, Korth Sunseri Hagey Architects, Level 10 Construction, Newmark Knight Frank, JLL, Apple, LinkedIn, Microsoft, Riverbed, Alibaba, Proofpoint, Synopsys, Walmart, Twitter, 23&Me

Portfolio of Four Properties in Sunnyvale’s Peery Park District Bought for $165MM

By Meghan Hall Four properties at the heart of Sunnyvale’s Peery Park have been purchased in a joint venture between Oakland, Calif.-based Harvest Properties...
Irvine, Thomas H. Lee Partners, Ten-X, Stone Point Capital, CapitalG, Silicon Valley, THL, Wells Fargo Securities, J.P. Morgan Securities, Kramer Levin Naftalis & Frankel, Guggenheim Securities, Kirkland & Ellis

Chinese Investors Still Seeking West Coast Assets Despite Hurdles

By Jacob Bourne According to a February news report by Realogics Sotheby’s International Realty, at the end of 2016, China’s State Administration of Foreign Exchange tightened controls on capital exiting...
Beacon Capital Partners, Boston, Zynga, San Francisco, TMG Partners, Airbnb, iRhythm, Levi Strauss, Eastdil Secured, Levi’s Plaza

Airbnb to Pay Zynga $167.7MM Over 9 Years for Building Lease in San Francisco

By Vladimir Bosanac San Francisco-based Airbnb, the online vacation rental booking platform that signed a nine-year, 287,000 square-foot lease at Zynga’s headquarters buildings earlier this year, will be paying the...
Riverpark Towers, San Jose, San Francisco, DivcoWest, Rockpoint Group, Foster City, SteelWave, LEED, Eastdil Secured 333 W San Carlos St and 300 Park Ave

San Jose’s Riverpark Towers Close for $283.5MM

By Vladimir Bosanac The Riverpark Towers in downtown San Jose, a two-building property measuring just over 600,000 square feet, closed yesterday for $283.5 million or $473 per square foot, according...