SAN FRANCISCO-Dan Wald has been named senior vice president in the San Francisco office of BT Commercial. Wald will partner with Terranomics Retail Services, a division of BT Commercial.
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.
SACRAMENTO, CA-The newly formed City of Elk Grove is using a loan from the League of California Cities for the project. The City will own the building in 15 years, when it pays off the loan.
OAKLAND, CA-The U. S. Customs Service has leased about 4,416 sf for a 10-year term at 1111 Jackson Street. The agency has agreed to pay $46.67 sf annually for the first five years and $53.77 sf for the rest of the lease term.
SAN FRANCISCO-The times they are a changin', but the experts still seem to think that despite the new realities of occupancy dips and rate cuts, Bay Area multifamily markets remain a desirable investment.
WOODLAND HILLS, CA-Optical Communications Products Inc. has acquired the Warner Center building here for $18.75 million. The company is slated to occupy the 145,720-sf, two-story building by year-end.
SAN FRANCISCO-The company is beefing up its loan servicing division with the acquisition of two Michigan-based companies that provide commercial real estate mortgage loan origination, brokerage and servicing.
SAN FRANCISCO-The risk management solutions is leasing space at 625 Second St. from LookSmart, who is retaining most of its space in the 135,000-sf building. The transaction has a total value of more than $2.3 million.
RICHMOND, CA-The Employment and Human Services Department of Contra Costa County will move into a new 60,000 sf space here early next year. The approximate $13-Mil lease is reported to be the largest of the year in the area.
SAN JOSE-Several recent deals show that as long as rates stay reasonable, deals will continue to occur. For example, Capella Photonics just got into a triple net sublease of more than 9,000 sf of office/tech space here for little more than $3/sf.