Drawbridge Achieves 8.5 Percent Yield on Sonoma County Purchase

By Jon Peterson A single-tenant office complex in Santa Rosa occupied by global medical technology company Medtronic Inc. is producing an 8.5 percent return for San Francisco-based Drawbridge Realty Trust. “This...

San Francisco’s BRE Properties Subject of Purchase Offer

By Sharon Simonson Connecticut-based real estate investment advisor and shareholder Land and Buildings is seeking to acquire San Francisco-based apartment landlord BRE Properties Inc., offering $60 a share, a 16...

Kaiser Buys Mission Bay Medical Office Building from Alexandria

By Jon Peterson San Francisco-based Kaiser Permanente Northern California has agreed to acquire a 210,000-square-foot, to-be-developed medical office building from Pasadena-based Alexandra Real Estate Equities for $55.2 million at 1600...

Invesco, CalPERS Look for Green in the Dublin Hills

By Jon Peterson Atlanta-based Invesco Real Estate has paid $105.4 million in cash to buy the 305-unit Avalon at Dublin Station I apartments. It is its first purchase for a...

Ohio Real Estate Investment Trust Buys Salinas Shopping Center

By Jon Peterson Cincinnati-based Phillips Edison-ARC has paid $22.7 million to buy Salinas’ Boronda Plaza, a not-quite 100,000 square-foot grocery-anchored shopping center. The seller was Costa Mesa-based Donahue Schriber, a private...
Murphy Crossing, Milpitas, CBRE Global Investors, San Francisco, Embarcadero Capital Partners, Newmark Grubb Knight Frank, CBRE Strategic Partners U.S. Value 6, BART

CBRE Investors Buy Milpitas’ Murphy Crossing

By Jon Peterson Los Angeles-based CBRE Global Investors has acquired the Murphy Crossing office and research and development campus in Milpitas from San Francisco-based Spear Street Capital. The company paid $262 a...
Bay Club Company, Leisure Sports, Walnut Creek, Danville, Pleasanton, Fremont, Portland, Marin, San Francisco, East Bay, Peninsula, Silicon Valley, San Jose, Los Angeles, San Diego. Aliso Viejo, Simpson Thacher & Bartlett, Brownstein Hyatt Farber Schreck, Hanson Bridgett

RREEF Founder Scion Awarded $30MM CalPERS Allocation

By Jon Peterson San Francisco-based Sack Properties has received a $30 million equity allocation from a CalPERS program created to help groom the next generation of real estate managers. Combined with...

Palo Alto Campus Sells to Google

By Jon Peterson Menlo Park-based California Pacific Commercial Corp. has sold a 200,000-square-foot portfolio of manufacturing and office properties on East Meadow Circle in Palo Alto to Google Inc. The...

Sonoma Mission Inn’s Hot Springs Soothe NYC Investor

By Jon Peterson New York-based Carey Watermark Investors Inc. has paid $73.3 million to buy a 75 percent interest in the Fairmont Sonoma Mission Inn & Spa, the first San...
San Francisco Employees' Retirement System, Downtown Properties, Gaw Capital Partners, Downtown Properties, San Francisco real estate, Bay Area news

Developer David Choo Keeps A Piece of the TMG Transbay Action

By Jon Peterson and Sharon Simonson As part of a settlement reached in federal bankruptcy court, San Francisco real estate developer and investor David Choo will participate in profits from...