CityView Buys Berkeley Apartment Note at Steep Discount

By Jon Peterson Los Angeles-based institutional real estate investor CityView has paid $66.8 million to acquire Berkeley’s 143-unit Arpeggio apartment complex, a cost well below the $91 million mortgage balance...
Intero, San Francisco, Bay Area, Berkshire Hathaway, HomeServices of America,

Mississippi REIT Buys More Hayward Industrial

By Jon Peterson Jackson, Miss., -based EastGroup Properties Inc. has increased its East Bay industrial market presence with the purchase of the Wiegman Distribution Center II in Hayward for $7.5...

Barry Swenson Builder, Bridge Bank Take Hotel Plunge

By Sharon Simonson Buoyed by locally thriving commercial property markets, San Jose-based Barry Swenson Builder is beginning construction on two extended-stay business hotels in Silicon Valley, adding 138 rooms to...

Embarcadero Capital Partners Take San Jose Property from Legacy

By Sharon Simonson and Jon Peterson Belmont-based Embarcadero Capital Partners has acquired one of downtown San Jose’s most prominent office developments in a deed-in-lieu foreclosure with Foster City’s Legacy Partners...
Carter Validus Mission Critical REIT II, Inc. Completes $64.47 Million in Data Center and Healthcare Acquisitions

GI Partners Wants $1 Billion for New Technology Fund

By Jon Peterson The California State Teachers Retirement System has made a $250 million commitment to a new commingled fund being sponsored by Menlo Park-based GI Partners. The private investment firm...

Debt Comes Due on Santa Clara Data Center

By Sharon Simonson Morningstar Credit Ratings LLC has added a $52.8 million loan backed by a Santa Clara data center to a credit watch list. But the designation is more...

Shoreline San Mateo Apartments Sell

By Sharon Simonson A 28-unit San Mateo apartment complex with bayfront access has sold for not quite its $6.3 million asking price, or $225,000 a unit. The capitalization rate, or yield,...

South Bay Development Buys Cisco’s North First Street Land

By Sharon Simonson Campbell-based South Bay Development Co. has acquired 30.75 acres in North San Jose from Cisco Systems Inc. for an undisclosed price. The property is entitled for 620,000 square...

Stockbridge Amasses Manufactured Homes

By Jon Peterson Working in conjunction with a Denver-based operating partner, San Francisco’s Stockbridge Capital Group has assembled a $1 billion manufactured-housing portfolio with properties across the United States. Purchasing on...

Bay Area Office Brokers: Markets Still Look Good

By Sharon Simonson Despite the nation’s itinerant recovery, investors remain interested in Silicon Valley and San Francisco commercial property, while downtown Oakland seems on the cusp of capturing technology-tenant overflow, brokers...