CalPERS Awards DivcoWest a $673MM Allocation for Life Science Partnership
By Jon Peterson
The life science sector is maintaining interest from institutional investors late into this cycle. One of the largest, the California Public Employees Retirement System (CalPERS), has just...
Legacy Partners Commercial Renames to SteelWave
One of Bay Area’s stalwarts, Legacy Partners Commercial, has renamed to SteelWave, according to information shared on the company’s LinkedIn page. It appears that the entity is also a...
Bascom Group Makes Entrance Into Reno, Acquiring 147-Unit Apartment Community For $31MM
IRVINE, Calif., Nov. 29, 2021 -- The Bascom Group, LLC ("Bascom") has acquired Sierra Point Apartments ("Sierra Point") in the Reno, Nevada metro area. Bascom purchased Sierra Point, a 147-unit garden-style multifamily community...
Swift Real Estate Refinances 101 Utah in San Francisco for $47.6MM, Plans Redevelopment
Bay Area Struggling to Meet Booming Demand for PDR and Lab Space
SAN FRANCISCO – Jan. 4, 2022 – CBRE has arranged $47.6 million in refinancing for 101 Utah St. in...
San Francisco Community Land Trust Receives $20MM Donation from Philanthropist Mackenzie Scott
The San Francisco Community Land Trust (SFCLT) is thrilled to announce a transformative milestone in our mission to create permanently affordable housing for low-to-moderate-income individuals and families through community...
Gemini Rosemount Purchases Santa Clara’s Central Technology Park for $170.52MM
By Meghan Hall
Gemini Rosemount, a Los Angeles-based commercial real estate investor, has purchased the four building Central Technology Park in Santa Clara for $170.52 million, or about $462 per...
UCLA Anderson Forecast: No Recession, But U.S., California Economies Continue to Slow
Inflation, rising interest rates, declining real wages and consumer pessimism among the factors impacting growth
LOS ANGELES, Sept. 21, 2022 -- The U.S. economy is likely to muddle along with...
Apple Expanding, Again
By Sharon Simonson
Cupertino-based Apple Inc. is pursuing $65 million in tenant improvements at three interconnected buildings on Vallco Parkway in its home city.
The work is the latest expansion by...
Hidden Creek Apartments in Martinez Trades for $47.5MM
MARTINEZ, Calif., Jan. 11, 2019 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Hidden Creek Apartments, a 168-unit multifamily...
Hudson Pacific to Become Dominant West Coast REIT with Blackstone Bay Area Purchase
By Jon Peterson
New York City-based Blackstone was looking for the right partner to grow its business in Northern California and found it in Los Angeles-based Hudson Pacific Properties. The...
