MILL VALLEY, CA-Bridger Commercial, which assists commercial banks in pricing, underwriting and closing CMBS loans, closes its third loan securitization this year, part of the largest CMBS pool seen since 1999.
WALNUT CREEK, CA-After several costly delays, the first phase of the $17.2-million City Hall expansion project, which will double the size of the existing City Hall, is complete.
SACRAMENTO-In response to reports that the state of California is losing 50,000 acres of farmland a year to development, Gov. Gray Davis signs four bills that prevent commercial and residential development on farms and open space.
FOLSOM, CA-Due to the high costs of San Jose, Palmer College of Chiropractic has decided to flee the valley in search of a Sacramento site. After a not-so-warm reception by the City of Davis, the college has turned to Folsom for its new home.
SAN JOSE-The three properties, each with different buyers and sellers, total 104,233 sf. The largest deal involved a 57000-sf building on Grant Street, which sold by an auto parts chain for $3.67 million.
LAFAYETTE, CA-After 10 years of meetings and revisions, the City of Lafayette has completed the final draft of its Draft General Plan and Draft Environmental Impact Report, finally revealing its contents to the public.
BRENTWOOD, CA-A proposed 496-unit planned development here is up in the air after residents gather enough signatures to put a necessary zoning change up to a citywide vote.
SAN RAMON, CA-With 1% vacancy rate and a strong tenant base, the 228,000-sf Crow Canyon Commons shopping center in San Ramon trades hands for nearly $30 million.
SAN FRANCISCO-The San Francisco Redevelopment Agency will become trustee of Hunters Point Shipyard, a 500-acre former naval facility, under legislation signed by Governor Gray Davis this week.
HAYWARD, CA-The California Energy Commission unanimously approved the licensing of Hayward's 600-megawatt Russell City Energy Center, but Calpine Corp. is wary of building a new plant without a power contract.