Bell Partners, Northern California, Bay Area, Bell Institutional Fund VI, Pennsylvania Public School Employees’ Retirement System

Prologis to Sell Portfolio That Includes 8 Properties in the Bay Area

By Jon Peterson San Francisco-based Prologis has signed an agreement with Oslo, Norway-based Norges Bank Investment Management sell them a 45 percent interest in 66 industrial properties in the United...

PS Business Parks Buys 8 Office Buildings in San Mateo

By Jon Peterson Glendale, Calif.-based PS Business Parks has paid $60.5 million to acquire the 340,000 square foot Bayshore Corporate Center office building in San Mateo. The eight-building office park was...

USAA Buys Asset in North San Jose for $190MM

By Jon Peterson San Antonio, Texas-based USAA Real Estate Company has acquired the two-phase America Center Class A office property in North San Jose. The first phase of the project is...
Apple Google LBA Realty San Jose San Mateo SteelWave Newmark Cornish & Carey Santa Clara Phil Mahoney John Yandle Mike Saign

Deutsche Buys Apple-leased Office Building in Cupertino

By Jon Peterson New York City-based Deutsche Asset & Wealth Management has acquired the 383,000 square foot Results Way Corporate Center located at 5 Results Way in Cupertino. “We are pleased...
Bay Area Council, San Francisco, Bay Area, East Bay

Essex Signs Deal to Buy BRE in $15.4B Transaction

By Jon Peterson Palo Alto-based Essex Property Trust has signed a definitive agreement to buy San Francisco-based BRE Properties to create the only publicly traded West Coast pure play apartment...

Ares and Thompson Dorfman Plan Mixed-use Project in Foster City

By Jon Peterson New York City-based Ares Management, formerly known as AREA Property Partners and Mill Valley-based Thompson Dorfman Partners are planning a redevelopment in Foster City called The Waverly...

Kennedy Wilson Buys Two Apartments With One Asset in El Cerrito

By Jon Peterson Beverly Hills-based Kennedy Wilson has acquired the 159-unit Village at Town Center apartment complex located at 10810 San Pablo Avenue in El Cerrito. This property was bought...

East Coast REIT Acquires Interest in Fisherman’s Wharf Hotel for $132MM

By Jon Peterson Bethesda, Md.-based Pebblebrook Hotel Trust has acquired a leasehold interest in the 355-room Radisson Hotel Fisherman’s Wharf and Retail for $132 million or $372,000 per room. “We normally...
Westcore, DRA Advisors, Silicon Valley, San Jose, Fremont, Northern California, Oakland, M West, DivcoWest, TPG Real Estate, Mission West Properties

Mass PRIM Buys Office Building in Sunnyvale and Commits to New DivcoWest Fund

By Jon Peterson Boston-based Massachusetts Pension Reserves Investment Management Board has expanded its real estate portfolio in the San Francisco Bay Area over the past month. The pension fund acquired...

UDR and MetLife Plan $317MM Apartment JV in San Francisco

By Jon Peterson Denver-based UDR and Morristown, N.J.-based MetLife had formed a $317 million joint venture to develop the 477-unit apartment complex located at 399 Fremont in San Francisco. The structure...