San Jose
EQ Office Hires Merredith Treaster to Oversee NorCal Portfolio
EQ Office, Blackstone’s US office portfolio company, hired Merredith Treaster as its SVP, Northern California, based in San Francisco. She will be responsible… Read more
CBRE Names New Leader for Silicon Valley
Steffen Kammerer has joined CBRE as senior managing director, leading its Silicon Valley office. He will oversee CBRE’s Advisory business in Silicon… Read more
JRK Dips into $1B Value-Add Fund for San Jose Acquisition
JRK Property Holdings has acquired Duo Apartments, a 301-unit Class-A multifamily community in San Jose, for $93.5 million. It’s the third acquisition… Read more
Urban Catalyst Launches Fund for San Jose Multifamily Project
Urban Catalyst, a real estate fund manager and developer based in San Jose, has launched a new fund, UC Multifamily… Read more
California People and Company News for August 18, 2023
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with… Read more
Assembling Bay Area Industrial Portfolio Adds Up to Sound Investment Thesis
By John Petersen The San Francisco Bay Area remains a key U.S. gateway industrial market on the West Coast. It… Read more
Skanska Completes San Jose MOB Ahead of Schedule, Under Budget
Skanska recently completed Sutter Health’s Samaritan Court Ambulatory Care and Surgery Center, a three-story, 69,000-square-foot medical office building in San… Read more
Industrial Flex Campus Changes Hands in North San Jose
Newmark arranged the sale of Oakland Road Business Park, a 177,117-square-foot industrial and flex campus comprised of four buildings across… Read more
PG&E Sets 2025 Timeline to Buy Oakland Headquarters
PG&E said Thursday it has decided to buy its downtown Oakland headquarters and complete the purchase in 2025, The San… Read more
Office Vacancies Rise in Silicon Valley, Yet Rents Hold Steady
Office vacancies in Silicon Valley rose during the second quarter, according to new reports from three major services firms. Cushman… Read more
JV Pays $84M for Newly Built San José Apartments
Cushman & Wakefield arranged the sale and debt acquisition financing for Vespaio, a 162-unit Class A multifamily community located at… Read more
Apple Picks Up Vacant Cupertino Offices at Deep Discount
Apple has snapped up a big Cupertino office building in a purchase that points to the tech titan’s expansion mode,… Read more
Marcus & Millichap Arranges Sale, Financing on San Jose Apartments
Marcus & Millichap arranged the sale and financing of Rancho Verde Apartments, located at 127 Rancho Dr. in San Jose.… Read more
NXP Lease Brings San Jose’s Rose Orchard Campus to Full Occupancy
Drawbridge Realty, an investor in operationally important corporate facilities nationwide, has signed global semiconductor company NXP to a long-term lease… Read more
Stream Realty Irvine Closes 14 Leasing and Sales Deals
Stream Realty Partners’ Irvine office has closed 14 transactions valued at $7 million in the past several months. Lease and… Read more
Westfield, Brookfield Handing Over Keys to San Francisco Centre
Unibail-Rodamco-Westfield (URW) and Brookfield Properties are preparing to hand over control of Westfield San Francisco Centre, the 1.2-million-square-foot shopping center… Read more
Google Puts 1.4M SF on Sublease Market in Silicon Valley
Google LLC, which paused plans for a huge campus in downtown San Jose earlier this year, is now seeking to… Read more
Seagate Technology Campus Trades to Madison Capital in $260M Sale-Leaseback
Madison Capital has purchased Seagate Technology Holdings plc’s Fremont research and development campus for $260 million, the Silicon Valley Business… Read more
A Window of Opportunity in the San Francisco Bay Area
Q&A with Adam Levin, Executive Managing Director, and Robert Johnston, Senior Managing Director, of Levin Johnston Group of Marcus &… Read more