San Jose
Silicon Valley Hilton Hotel Sells for $59M
Somera Capital Management and Tyler Development Corp. picked up the 169-key property at The Pruneyard, a 27-acre mixed-use development in Campbell, Calif.
Amazon Industrial Building in Bay Area Sells for $105M
CT Realty completed the development of the 1.2 million-square-foot industrial facility in 2018, as part of the first phase of the company’s NorCal Logistics Center.
Mori Trust Buys Silicon Valley Office for $429M
The nearly 600,000-square-foot LEED Gold campus contains three buildings fully leased by Micron Technologies. The asset last changed hands in late 2017 for more than $225 million.
San Jose R&D Property Lands $46M Bridge Loan
Working on behalf of Vertical Ventures, NorthMarq’s San Francisco office secured the financing for Hellyer Oaks, a two-building asset totaling nearly 350,000 square feet.
NAI Northern California Grows San Jose Office
Tod Rudee, who has almost 30 years of real estate experience, will serve as vice president. He previously held executive positions at CBRE, Colliers International and Premier Properties.
Graymark Capital Buys Bay Area Office Building
The Class B asset completed in 1980 is fully leased to Apple and changed hands for more than $45 million.
JLL Names Silicon Valley VP
Nicole Zanghi is now part of the company’s agency leasing team. Previously, she was vice president of JLL Capital Markets for the Bay Area.
San Jose Office Asset Commands $63M
The Muller Co. teamed up with CIGNA Investment Management to purchase the 104,000-square-foot Century Plaza. Cushman & Wakefield negotiated the deal.
Kidder Mathews Adds Silicon Valley SVP
Derik Benson has 25 years of experience in commercial real estate and has completed more than 500 sales transactions during his career.
JV Breaks Ground on CA Manufacturing Facility
Morton Commerce Center, formerly the site of Morton Salt in Newark, will comprise four buildings totaling more than 600,000 square feet.