Swift Closes $20M Deal for Commingled Fund in Lafayette

Swift Realty Partners paid $20 million to acquire the 77,000-square-foot Corporate Terrace at 3466, 3468 and 3470 Mount Diablo Boulevard in Lafayette. The office building is located within the Lamorinda submarket, where current vacancy rate is 8.3 percent and average asking rent is $2.70 per square foot for full-service gross on a monthly basis. Original … Continue reading Swift Closes $20M Deal for Commingled Fund in Lafayette

Office Tenants Gobble Up Cheap Oakland Buildings

Due to relatively affordable prices at approximately $100 per square foot, buyers have snapped up historic Class B office buildings in Oakland. For instance, Terra Nova paid about $3.25 million or $116 per square foot for 1714 Franklin Street. Also, the Greenlining Institute bought 364 14th Street for $1.96 million or $84 per square foot. … Continue reading Office Tenants Gobble Up Cheap Oakland Buildings

Transbay Block 6 Trades for $30M

Bentall Kennedy LP purchased Transbay Block 6 for a confirmed sales price of $30 million, or about $16.5 million per acre. The 1.82-acre parcel is entitled for a 545-unit apartment complex and will feature 409 units of market-rate housing and 70 units of affordable housing as well as ground floor retail and publicly accessible open space. … Continue reading Transbay Block 6 Trades for $30M

Invesco Makes $120M Acquisition in South San Francisco

Invesco Real Estate has acquired the SSF Logistics Center for around $120 million. The asset has two separate buildings covering 26 acres located along the west side of 101 and north of US 380. One building is 453,076 square feet and home to Federal Express; the second building is 9,240 square feet and currently vacant. … Continue reading Invesco Makes $120M Acquisition in South San Francisco

Two Investors Snap Up Buildings, Complete the Sale of Oakland City Center

The last two buildings of CBRE Investors’ five-building City Center portfolio are trading hands. Ellis Partner is buying 1111 Broadway, a 553,210-square-foot high-rise and trophy property. Meanwhile, STG Group tied up City Square, which includes 166,220 square feet of office and retail and the City Center parking garage. Original Source

Financing Secured for $200 Million Transbay Highrise

Golub & Co. is ready to start construction this fall on a $200 million, 32-story residential tower at 299 Fremont after securing financing from the Multi-Employer Property Trust and its advisor, Bentall Kennedy. The 409-unit luxury high-rise complex will include an apartment tower, townhome residences, a ground-level courtyard and street-front retail. Original Source

Student Housing Matures, Refines

By Natalie Dolce | National LOS ANGELES-Student housing has experienced a significant transformation over the past 20 years, and despite the naysayers, the sector remains a viable alternative investment class within multifamily. So says Student Housing panel moderator Peter Katz, executive director of Marcus & Millichap’s Institutional Property Advisor at RealShare Apartments 2013. “Today, students want a technology advanced lifestyle with … Continue reading Student Housing Matures, Refines