OAKLAND, CA-Aaron Klien and Charlie Janda have completed a $2.8-million refinancing of their Lake Merritt-are apartment complex through Arbor Commercial Mortgage. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.95%.
HAYWARD, CA-In a sale considered large for this market, the company buys a 37,500-sf class B building and the 2.4 acres under and around it for upward of $5.25 million.
LAS VEGAS, NV-The Walnut Creek, CA office of Colliers International has secured the property management contract for a power center in Las Vegas. The city has maintained a 2.1% retail vacancy rate through the first three months of the year.
SAN JOSE-"This has been the lowest level of activity in commercial real estate since 1988, but it also is a time that presents great opportunities for savvy tenants," Mike Michaels, a principal of CRESA Partners, tells GlobeSt.com.
SACRAMENTO-Santa Ana-based Passco Real Estate Enterprises has acquired Bradville Square, a 95,000 sf retail center in Rancho Cordova that is anchored by a Ralph's grocery store and valued at $4.2 million.
SAN FRANCISCO-Company officials called the opening a beginning to the additions planned for Northern California locations. Transwestern also has offices in Oakland, Sacramento and San Jose.
WALNUT CREEK, CA-The contracts, spanning a variety of uses and owners, cover more than 255,000 sf of space in the San Francisco Bay Area, pushing Colliers close to 9 million sf under management in the region.
BERKELEY, CA-The ambitious solar deployment, performed in conjunction with various energy efficiency projects was commissioned to help Alameda County achieve its goals of reducing and stabilizing future energy costs.
