Bay Area
PGIM RE Secures $259M Credit Facility Boost for Sobrato Properties
PGIM Real Estate arranged a $259-million Fannie Mae credit facility addition secured by six mu...Read more
Kidder Mathews Hires Trilingual Specialist in Bay Area
Haili Wu has joined Kidder Mathews in Pleasanton as an associate VP. Wu is a multifamily investment...Read more
Hines Fund Scores Industrial Assets in NorCal, SoCal
Hines U.S. Property Partners (HUSPP), Hines’ flagship commingled U.S. core plus fund, h...Read more
Brixton Capital Snaps Up Stockton Shopping Center
Hanley Investment Group Real Estate Advisors recently completed the sale of Pacific Town Cente...Read more
CBRE Arranges Construction Loan for Future Trader Joe’s
CBRE arranged $8 million in acquisition and construction financing on behalf of Fulton Retail DE1, ...Read more
California People and Company News for Oct. 20, 2023
Stockbridge announces Jon Thompson has joined the firm as managing director, based in Denver. Th...Read more
Bayer Opens $250M Cell Therapy Facility in Berkeley
Fluor Corporation said Thursday it had completed construction of Bayer AG’s $250-million glo...Read more
Breed Proposes Waiving Transfer Tax to Incentivize Office-to-Resi Conversion
Mayor London N. Breed proposed a ballot measure to encourage investment in Downtown San Franci...Read more
Pebblebrook Puts Hotel Zoe Fisherman’s Wharf Under Contract
Pebblebrook Hotel Trust has executed a contract to sell the 221-room Hotel Zoe Fisherman’s Wharf ...Read more
UC Berkeley, SKS Partner on 36-Acre Innovation Hub
A joint venture between The University of California, Berkeley and San Francisco-based SKS Partners...Read more
3650 REIT Originates Acquisition Loan for Roseville Retail
3650 REIT, a nationwide commercial real estate lender, originated a $71.5-million acquisition loan ...Read more
Gantry Arranges Refi on Qualcomm-Leased Office/R&D Property
Gantry has secured a $5.2-million permanent loan to refinance a flex office/R&D property strate...Read more
Kaiser Permanente Reaches Tentative Deal with Striking Unions
Kaiser Permanente has reached a tentative deal with the Coalition of Kaiser Permanente Unions follo...Read moreCalifornia People and Company News for Oct. 13, 2023
FirstService Residential hired Michael Underwood as EVP of the Northern California region. Underwo...Read more
X Team Retail Advisors Adds Econic in Bay Area
X Team Retail Advisors, a national organization comprised of more than 350 retail real estate affil...Read more
Berkeley Hotel Project Scores Sector’s Largest C-PACE Deal of 2023
North Bridge closed a $50-million C-PACE refinancing for the Residence Inn Berkeley, a 331-key, ful...Read more
Dwight Mortgage Trust Lends $60M on Central Valley Portfolio
Dwight Mortgage Trust (DMT), the affiliate REIT of Dwight Capital, closed two a...Read more
Belmont Senior Living Tops Out in San Ramon
Belmont Village Senior Living topped out construction on Belmont Village San Ramon, its fifth commu...Read more
Swig Company Names Director of Asset Management
Will Sandman has been named director of asset management at The Swig Company, with the ti...Read more