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Oakland's Time Has Clearly Arrived

OAKLAND, CA—According to one source, the local investment market here is attractive for institutional capital that is seeking core-plus and value-add returns at a cost basis substantially less than San Francisco

By Natalie Dolce | Updated on February 11, 2015

OAKLAND, CA—“Oakland’s time has clearly arrived as an attractive investment market for institutional capital that is seeking core-plus and value-add returns at a cost basis substantially less than San Francisco.” That is according to CBRE’s Brad Zampa, when talking about a recent $17.2 million bridge financing he worked on here at Latham Square.

The 15-story 118,198-square-foot building is owned by Contrarian Capital Management and San Francisco-based Ridge Capital Investors. CBRE arranged the five-year, non-recourse, floating-rate, interest-only financing at a competitive spread priced over 30-day LIBOR.

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