Northern California
Waterton Raises $1.5B Apartment Fund, Looks for Assets in the San Francisco Bay Area
By Jon Peterson Chicago-based Waterton has set is sights on growing its apartment portfolio, and the company has shored up a $1.5 billion...
Bell Partners Spends $85MM on Rohnert Park Apartment Asset
By Jon Peterson Greensboro, N.C.-based Bell Partners is growing its apartment portfolio in Northern California with its most recent acquisition. The company just paid...
Mapletree Investments Places Uptown Station in Oakland Under Contact with Potential Pricing ~$420MM
By Jon Peterson A very significant sale of an office building in Oakland has been placed under contract, according to three sources familiar...
Blackstone & LBA Announce $1.6B Mostly Calif. & Seattle Industrial Portfolio Recapitalization
NEW YORK & IRVINE, Ca. – January 22, 2021 – Blackstone Real Estate Income Trust, Inc. (“BREIT”) and LBA Logistics (“LBA”) today announced the recapitalization of...
NorthMarq Secures $37MM Refinancing of 13 Multifamily Properties in Oakland & Berkeley
LOS ANGELES, CALIFORNIA (January 19, 2021) – Zalmi Klyne, vice president of NorthMarq’s Los Angeles regional office arranged the $36,925,000 refinance of a multifamily...
San Francisco Pension Fund Puts $50MM into New Industrial Investment Vehicle with Focus on Bay Area
By Jon Peterson San Francisco Employees Retirement System has approved a $50 million commitment into the CapRock Value-Add Industrial Fund III, as written by...
Modesto Apartment Community Sells for $20.4MM
MODESTO, Calif.–The Mogharebi Group (“TMG“) has completed the sale of Park Lakewood Apartment Homes, a 116-unit community in Modesto. The property sold for $20,400,000...
DRA Closes on Purchase of Large Industrial Asset in Vacaville for $88.5MM
By Jon Peterson New York City-based DRA Advisors has closed on the acquisition of the 843,000 square foot North Bay Logistics Center industrial...
Trion Properties Buys 136-Unit Sacramento Property for $18.25MM
Rancho Cordova, Calif. (December 7, 2020) – Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, with...
JEN Partners Seeks $500MM Raise for Residential Land Development with Northern California as a Targeted Market
By Jon Peterson New York City-based JEN Partners has an established target of $500 million capital raise for its latest residential land development financing...
Blackstone to Sell Industrial Portfolio in Sacramento, Pricing Guidance in the Range of $120MM to $125MM
By Jon Peterson New York City-based Blackstone has put up for sale a 1.3 million square foot industrial portfolio that is located in several...
