SAN JOSE-The historic Crescent Jewelers buildings, located in the heart of Downtown San Jose, may be purchased by the city of San Jose if a redevelopment agency's proposal is approved by the city council.
SAN FRANCISCO-After overcoming a slew of legal and development challenges, developers of the 1.4-million-sf Bloomingdale's project are ready to go, despite the gloomy market that it will break ground in.
SAN RAFAEL, CA-The city of San Rafael expects a lot of opposition from Marin County residents regarding a proposal for a massive commercial and residential development that will take the last undeveloped bayfront parcel.
RANCHO CORDOVA-Passco Real Estate Enterprises acquires Ranch Cordova Town Center from Center Properties Inc. The property, anchored by Target and Pier One Imports, is located 15 miles from Sacramento.
NEWARK, CA-Coaster Company of America has committed to a 65-month lease with Prologis Trust to occupy a large warehouse in Newark. Prologis says the $6 million lease deal is the largest warehouse lease in the East Bay this year.
SAN JOSE-A 100-unit apartment complex here has been purchased for $13.65 million by Pacific Property Co., a Palo Alto-based apartment investor. The 70,000-sf complex was built in 1960 and is currently 95% leased.
SACRAMENTO-DRA Advisors acquires a two-building, 130,000-sf suburban office park in the Campus Commons region for $17 million. The seller was Archon Group LP of Los Angeles.
FAIRFIELD, CA-Private investors acquire a 180-unit apartment complex in Fairfield and a 400-unit complex in Roseville for a combined total of approximately $66 million.
SAN FRANCISCO-Part of the $102 million North Beach Place project will replace 229 units of public housing, so 115 units in the new 15-building project will be made available to families making up to 55% of the Bay Area's median income.
SAN FRANCISCO-San Francisco supervisors have approved three out of four, but Mayor Willie Brown is sticking to an "all or none" policy when it comes to choosing planning commissioners for the city's hamstrung Planning Commission.