San Francisco
Newmark Secures $68M Financing for Silicon Valley Assets
The recent long-term financing for two office properties and a big-box retail center brings the firm’s debt transaction volume in these submarkets to $157 million in 2017.
CBRE Secures Financing for Cupertino Office Building
Harbor Group International LLC is set to acquire an 88,580-square-foot asset in the heart of Cupertino, Calif. CBRE’s Shawn Rosenthal secured a ten-year interest-only loan provided by JP Morgan.
NoCal Medical Park Trades in 1031 Exchange
Sinogap LLC has exchanged a Silicon Valley redevelopment site for a 21,008-square-foot multi-tenant medical dental office park in Milpitas, Calif., and an apartment community in San Jose, Calif.
West Elm’s First West Coast Hotel to Open by 2020
The retailer’s hospitality venture with DDK will develop a mixed-use property in Oakland in partnership with Signature Development Group and Jordan Real Estate Investments. The Oakland property marks the sixth market for West Elm Hotels.
HFF Secures $170M Refi for NoCal Retail Portfolio
The 33 triple-net-leased grocery retail assets in San Francisco Bay Area, Sacramento and the Central Valley are fully occupied under a master lease with The Save Mart Cos.
Cambria Hotels Expands to Napa, CA
Choice Hotels International Inc. has partnered with Stratus Development Partners LLC to develop their second project in the region, a 90-key hotel.
Westcore Expands NorCal Industrial Portfolio
The company has acquired a 277,500-square-foot industrial building in Stockton, Calif. for $14.4 million. This is Westcore’s second acquisition in the city in the past year.
CBRE Secures 119 KSF Oakland Industrial Lease
The tenant, a large electrical distributor, will benefit from the building’s 425 feet of frontage along Interstate 880.
On the Market: 5 Small-Business Listings for May
This month’s listings span the country, from historic converted lofts in Grand Rapids, Mich., to a mixed-use condo/retail asset in Brooklyn.
Largest C-PACE Deal to Fund CA Medical Center Retrofits
Verity Health System will use the 30-year loan to make mandatory seismic upgrades to Seton Medical Center in Daly City, Calif.