Finance
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...
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...
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...
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...
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...
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...
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...
Hines Selling Three San Mateo Buildings
By Jon Peterson Houston-based Hines Real Estate Investment Trust Inc. has put a three-building San Mateo office complex on the block. The sale...
Investors Flock to San Francisco Office Deals
By Jon Peterson Institutional investors in two San Francisco office buildings in the city’s North Financial District have agreed to accept initial yields...
Gilead Pays $610 a Square Foot for Foster City Property
By Jon Peterson Foster City-based Gilead Sciences Inc. has agreed to pay $180 million, or $610 per square foot, to acquire 303 Velocity...
Bay Area Retail Recovery Reaches Farther, Wider
By Sharon Simonson and Jon Peterson In another sign of the Bay Area’s retail revival, a new study shows that of nearly four...
Walnut Creek Shopping Center Trades Hands for ‘Premium’ Price
By Sharon Simonson A BlackRock joint venture has acquired a Walnut Creek necessity-anchored shopping center for nearly $35 million in a deal that...