West
San Francisco Office Report – Spring 2019
The metro’s economy continues to expand steadily as a center of the technology and financial industries, and it remains a destination for a young, educated workforce.
Gemini Rosemont Buys Silicon Valley Campus for $171M
The firm acquired a four-building office park in Santa Clara, Calif., from The Sobrato Organization. The 386,707-square-foot property is 100 percent leased.
Nazareth Enterprises Acquires Bay Area Ice Rink
SPI Holdings sold the 55,000-square-foot San Mateo retail and ice rink facility in an off-market transaction. The ice rink had been slated for conversion to additional retail space.
Silicon Valley Development Lands $314M Loan
A Harvest Properties and Invesco Real Estate joint venture intends to develop Catalyst, a four-property, 587,942-square-foot office portfolio in Sunnyvale, Calif.
Denver Mixed-Use Receives $10M Refi
The three buildings are located in Denver’s Cherry Creek neighborhood, close to various businesses. Unico Properties used the proceeds to pay off an existing loan.
McWHINNEY Buys $21M CO Mixed-Use Property
The Class A commercial building includes tenants such as Comcast, Madwire and Micro Focus. The three-story property offers convenient access to Interstate 25.
Keystone Arranges $36M for San Diego County Flex Buildings
The four buildings add to buyer RAF Pacifica Group’s portfolio. Almost all purchases were renovated within the past two years and are fully occupied.
Rexford Industrial Spends $30M on 2 LA Assets
The REIT acquired two properties within prime infill submarkets. Both buildings were fully leased at the time of the deal.
Dollinger Properties Buys Suburban OC Office
HFF brokered the sale of the 145,467-square-foot office building, located in Brea, Calif., on behalf of the seller, TA Realty.
BKM Capital Closes $382M Fund
The firm’s second institutional fund will invest in undervalued, light industrial assets in target markets across the western U.S.