OTO Development
OTO Development Buys Sunnyvale site for $21MM, Plans 238-Room Hilton Garden Inn
By Vladimir Bosanac In an transaction that closed at the end of May 2017, Spartanburg, South Carolina-based OTO Development purchased the Club Monaco...
Silicon Valley Redevelopment Site Sells for $21MM
The sale is part of a 1031 exchange. SUNNYVALE, Calif., June 6, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real...
CBRE Arranges 3.34 Acre Land Sale in Belmont for $12MM
OTO Development to Build 170-Room Moderate Service Hotel (EDITOR’S NOTE: According to public records, the sale of this parces was for $12 million.)...
CBRE Global Investors Buys Sofitel in Redwood City for $154MM
The Bay Area hotel market is perhaps one of the best in the country. And investors have been confirming that with recent acquisitions...
OTO Pays $6.75MM for Hotel Development Site in North San Jose
By Jon Peterson Spartanburg, South Carolina-based OTO Development has paid $6.75 million to acquire 3.5 acres of land for a future development of...
South Bay Development Sees Ripe Time for Spec Development in North San Jose
By Jon Peterson Campbell-based South Bay Development Company believes now is really a good time to start doing spec office development in North...
Redwood City to Get First New Hotel Development in a Decade
By Jon Peterson Redwood City has approved its first hotel development in more than 10 years with the city giving the go ahead...
