San Francisco

OAKLAND, CA-OBRA, the company converting the former Oakland Army Base in Oakland for commercial use, subleases two warehouse spaces to Bay Area companies.

SAN FRANCISCO-The vacancy rate of small spaces in San Francisco has dropped 1.5% since February. Real estate expert Hans Hansson sees this as a potential window of opportunity for landlords to divide larger spaces in the future.

FOLSOM, CA-Meadowview Limited Partners of Marin County bought the Riley Professional Center in central Folsom for $6.95 million. The seller, Capital Builders, built the property in 2000.

OAKLAND, CA-The revitalization efforts, which began in mid-2000 between the city of Oakland and Fannie Mae, is designed to help the city, local developers, banks and nonprofits finance the creation or renovation of nearly 450 units of affordable housing in West Oakland.

ALAMEDA, CA- The City of Alameda had originally allotted a $2.9 million budget for the project, but the full job will cost double this amount. The work will be completed in three phases.

SAN FRANCISCO-Michael Huaco brings 15 years of corporate real estate experience to Insignia/ESG, where he will focus on establishing new corporate real estate relationship with the Bay Area's major firms.

SIGNAL HILL, CA-Private investor F&B Properties purchased the multi-tenant industrial park from publicly traded, San Francisco-based Rreef. The eight-building Walnut Avenue Business Park was 93%-occupied at the time of sale.

PALO ALTO-The senior-living affiliate of Hyatt Corp. plans to develop a continuing-care retirement community on 22.4 acres adjacent to the university campus.