investment real estate – North Bay Business Journal - North San Francisco Bay Area, Sonoma, Marin, Napa counties

Commercial real estate: OnTrac makes big North Bay courier hub expansion

October 3rd, 2011

As part of a ramp up of Bay Area service, Phoenix, Ariz.-based regional overnight package courier OnTrac is expanding its North Bay hub. … The Marin County Board of Supervisors on Tuesday could postpone a decision to purchase part of a large San Rafael commercial property to be the new home for the Sheriff’s Department and other emergency services currently located at the Civic Center to the south in San Rafael. … Fairfield-based developer, owner and property manager The Wiseman Co. acquired the 30,000-square-foot class A Westside Professional Building at 2480 Hilborn Road and an adjacent pad. … Groskopf Warehouse & Logistics found a large Napa Valley warehouse for its expansion. … Steve and Judy Mahrt, owners of Petaluma Farms, which produces Judy’s Family Farms organic eggs, are back to buying Petaluma office buildings and converting them back to industrial buildings for business expansion, according to local real estate sources.
Fast-growing REIT buys big San Rafael building

July 18th, 2011

SAN RAFAEL — The purchase of a mostly full 127,000-square-foot San Rafael office building was part of a a Los Angeles-based real estate investment trust’s plan to grow quickly in key Northern California and Pacific Northwest job markets.
Investment firm purchases Trancas Medical Center

May 16th, 2011

NAPA — A New York-based health care real estate firm has closed on the Trancas Medical Center, a 65,000-square-foot medical office building adjacent to Queen of the Valley Medical Center, for $11.2 million and plans significant upgrades to the building.
Commercial Real Estate: Texas REIT pays $33 million for big Fairfield warehouse

May 16th, 2011

One of the North Bay’s largest commercial buildings, a 607,200-square-foot distribution warehouse at 5195 Fermi Drive in Fairfield, sold to US Industrial REIT III, an affiliate of San Antonio, Texas-based real estate investment trust USAA Real Estate Co., for $33.5 million, or about $55 a square foot.
Top commercial real estate deals: Second quarter 2010 – First quarter 2011

May 2nd, 2011

The “Top Deals and the People who Made them Happen” represent the top five leases and sales for each Marin, Napa, Solano and Sonoma counties. They are based on submissions from the top 10 largest brokerages.
Fireman’s Fund HQ for sale

March 28th, 2011

NOVATO — Three and a half years after acquiring Marin County’s largest office property for $313.8 million in cash and debt and announcing plans for a massive mixed-use redevelopment of the Fireman’s Fund Insurance Co. headquarters in Novato, the owners plan to sell it.
Marin County office: Outlook brighter than in two years

March 14th, 2011

The rough ride endured by the Marin County commercial market in the late part of the decade got smoother in 2010. This trend continues in 2011.
Napa-Solano industrial: Year-end activity bodes well for the rest of the year

March 14th, 2011

Industrial markets in Napa and Solano counties overall continued to be sluggish throughout 2010 because of poor economic conditions. While several significant lease transactions were completed during the year, a number of large new vacancies nullified any real traction.
Commercial Real Estate: Petaluma apartments attract $68 million

February 21st, 2011

A 492-unit south Petaluma apartment complex, one of the largest in Sonoma County, sold for $68 million to a Southern California institutional investor, 15 months after it was purchased for $52 million. … A Sacramento-based real estate investor acquired a long-vacant former Yardbirds store in Vacaville with plans to upgrade the 45,000-square-foot building with 8,500 square feet of covered garden area and 6,000 square feet of yard space in the Browns Valley Marketplace shopping center. … Santa Rosa medical device startup Sapheon Inc. found a place to base development of a less-painful treatment for varicose veins. … Jim and Jennifer Jensen together with Lance and Dana Stafford, the third generation of ownership in Napa-based architectural ironworks shop Jensen’s Ornamental Inc., purchased a 6,350-square-foot warehouse at 561 California Blvd. in Napa from Sue Branson on Jan. 31 for $879,000. … San Rafael-based landscaping supplies retailer Watersavers Irrigation Inc. on Feb. 1 expanded and relocated its Petaluma store to 840 Perry Lane, a 10,000-square-foot industrial building that was vacant after it was completed in 2007, according to Keegan & Coppin agent Nathan Ballard.
Petaluma apartment complex sells for $68 million

February 14th, 2011

PETALUMA — A nearly 500-apartment complex in south Petaluma, one of the largest in Sonoma County, sold for $68 million to a Southern California institutional investor, 15 months after it was purchased from the builder for $52 million.
Construction: $26 million Roseland school gets funds

December 20th, 2010

Also: Tracking the Target proposals; new phase for Napa Gateway
LRG Capital fund closes

September 27th, 2010

LARKSPUR – LRG Capital Real Estate Partners, a subsidiary of LRG Capital Group, said LRG Capital Real Estate Partners Fund I officially closed to new investors.
S.F. multifamily investor acquires 162-unit Napa apartments for $14 million

September 14th, 2010

NAPA — A San Francisco-based multifamily property investor acquired the 162-unit Napa Garden Apartments complex in west Napa in a deal valued at $14.8 million.
88-unit Novato apartments sold to San Diego-based Davlyn for $16 million

June 14th, 2010

NOVATO – A Southern California real estate investment group made its first Bay Area acquisition with the purchase of the 88-unit Oak Grove Apartments for $16 million.
Commercial Real Estate: Lease-option used in Fairfax deal; also, Basin Street signs Marina tenants

May 10th, 2010

LRG Capital Group’s lease-option acquisition last week of the 66,100-square-foot Fair-Anselm Plaza shopping center and offices in Fairfax is an example of the type of creative deal-making called for when both tenants and financing can be scarce, according to Roger Smith, an agent with Cornish & Carey Commercial who has been marketing the Fairfax property for the Friedman family for years.
Commercial Real Estate: Top Deals … and the people who made them happen

May 3rd, 2010

The financial crisis of 2008 created a very slow commercial real estate market in 2009. However, activity started to pick up at the end of 2009 and into the first quarter. This collection of top deals and deal-makers from that period illustrates that nimble negotiators can close deals in a market where there are many worried tenants and financiers.
Mendoza lays out plan for $82 million in real estate debt

March 29th, 2010

PETALUMA – Genora “George” Mendoza, an investor in more than $100 million in mostly North Bay and Bay Area residential income properties, is emerging from U.S. Bankruptcy Court protection with a confirmed reorganization plan to pay off $82.2 million in real estate loans, property taxes and other debts over three to five years.
Petaluma: City is ‘a field of opportunity’ for companies

March 15th, 2010

Last year saw some big changes in Petaluma’s commercial real estate landscape.
Marin County apartments: Savvy investors move in to snap up properties

March 15th, 2010

The Marin County apartment market started strong in the first quarter of 2010 on the heels of an uptick in activity that began in the summer of 2009. Real estate investors sitting on the side lines in the first half of last year moved back in to the market to scoop up distressed apartment properties in good locations.
Sonoma County apartments: 2009 ‘swallowed’ the market; but 2010 looks better

March 15th, 2010

While most owners and managers of apartment property in Sonoma County probably aren’t celebrating yet, things seem to be on a reasonably healthy track.