SAN BRUNO, CA-The $200 million project was approved by the City Council in February and the developers plan to break ground in 2002. It will include offices, multifamily and senior housing, a hotel and a restaurant.
PETALUMA, CA-Basin Street Properties, a leading developer of commercial and mixed-use projects in the North Bay area, is expanding into multifamily projects this year through a newly formed alliance with Irvine-based Western National Group.
RICHMOND, CA-Burnham Pacific Properties sold the 76,692-sf shopping center to the Retail Investment Value Program, a joint venture comprised of Developers Diversified Realty, Coventry Real Estate Partners and Prudential Real Estate Investors.
OAKLAND-Steve Simi, who recently restored his own property, the Connell Jeep dealership at 3093 Broadway, is proceeding with plans to restore the 85-year-old Triangle Building in the heart of the car dealership district.
SAN FRANCISCO-In the largest local deal to date for the firm, Cohen secured $45 million in equity from an institutional investor for Bernal Office Park, a 745,000sf office complex in Pleasanton.
SAN FRANCISCO-The acquisition includes locally based Fred Sands City Properties and expands Coldwell Banker's market share in the greater Sacramento and Tahoe region to nearly 30%.
SAN FRANCISCO-Veteran commercial real estate lending executive Donald Adams has been appointed to lead the San Francisco office of the Cleveland-based commercial real estate lender subsidiary.
OAKLAND-In the City Center building 505 14th St, The MMI Group Inc., a division of St. Paul's Insurance Co, leased 14,075 sf and Elm Resources signed on for 3,215 sf. Both are six-year leases that commence March 1, 2002.
NAPA, CA-Plano, TX-based EDS will take 10,000 sf in a 122,000-sf building where monthly office rents have been running about $1.30 sf/mo. The developing 386-acre business park is currently home to Internet solutions provider Verio and semiconductor component manufacturer A.P. Technology.
SAN FRANCISCO-Partners Sagamore Equities and Citigroup are expected to close soon on the acquisition, a 110,000-sf office building at 74 New Montgomery St. owned by Levin Menzies Kelly and Associates and anchored by the University of California at San Francisco.
