Finance
Industry Assoc.: Calif. COVID-19 Rent Relief Policies Economically Unsustainable, Claims $1.7B in Unpaid Rent
New state data finds pandemic has resulted in $1.7 billion in unpaid rent SACRAMENTO, Calif., Jan. 6, 2021 — A coalition of California associations representing rental property owners...
CPP Investments and Greystar Real Estate Partners Form U.S. Multifamily Development Joint Venture
TORONTO, Jan. 7, 2021 –Canada Pension Plan Investment Board (CPP Investments) and Greystar Real Estate Partners, LLC (Greystar), a global leader in the...
Owning A Home More Affordable Than Renting in Nearly Two Thirds of U.S. Housing Markets
Home Prices Growing Faster Than Rents in More Than 80 Percent of U.S.; But Prices Still More Affordable in 63 Percent of Markets;...
Katerra Announces $200MM Capital Raise Mainly from SoftBank to Strengthen Balance Sheet
Shareholders Vote to Recapitalize and Move Forward with Renewed Strategic Focus on Transformative Technology Platform for Industrialized Construction MENLO PARK, Calif., Dec. 30, 2020 — Katerra,...
South San Francisco Site Sells for $76.65MM
CBRE announced that it has completed the $76.65 million sale of Shaw Business Center, a 8.2-acre covered land play in a strategic South...
College Terrace’s First Republic Center in Palo Alto Trades for $104MM
(EDITOR’S NOTE: According to sources familiar with the transaction, the property sold for $104 million. The buyers are entities affiliated with KKR and...
$31MM in Financing Secured for Class A Office Building in San Jose
SAN JOSE, Calif. – CBRE Capital Markets’ Debt & Structured Finance has secured $31 million in financing for 350 Holger Way, a 96,502-square-foot, Class...
San Francisco Investment Outlook: Industrial Remains Sector “Darling,” While Value-Add Opportunities will Follow Behind
By Meghan Hall Like many core and urban markets, San Francisco saw investment activity in 2020 slow down compared to previous years as...
Balboa Retail Partners Buys Out Long-Time Family Owners in $32.5MM Sunnyvale Deal
By Meghan Hall Los Angeles-based Balboa Retail Partners has expanded its Bay Area retail portfolio, once again buying from long-time owners in Sunnyvale....
Cooley Commercial Building in San Jose Office Trades for $16.55MM
By Meghan Hall A multi-tenant office building just outside the heart of downtown San Jose has traded hands for the first time in...
Graymark Capital Completes $15.7MM Acquisition of Palo Alto Life Sciences Buildings
(EDITOR’S NOTE: According to industry sources, Graymark paid $15.7 million for the assets.) San Francisco, CA – Continuing expansion of its active Life...
Starcity & Republic Launch invest.starcity.com Inviting Investors in 270-Unit Coliving Project
● Starcity now enables accredited investors to back select developments and is launching with its cutting edge project in San Francisco – Starcity...