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Transwestern Hires Former Cushman & Wakefield Director to Oversee NorCal Property Management Portfolio
Blake Peterson has left her post as director of asset services at Cushman & Wakefield to oversee Transwestern’s property management platform across the Northern California region as a senior vice president. Her primary focus will be to accelerate the...

San Jose's Rise in Available Office Sublease Space
The office vacancy rate in San Jose remains below both the historical average as well as the national average, but some signs of a softening market are beginning to appear. While a rising vacancy rate is one of the clear indicators of a softening market...

DivcoWest Lines Up CalSTRS Pension Fund to Back $300 Million Core Investment Venture
Lakewood Center I, a current DivcoWest holding in Austin DivcoWest Real Estate Services, the San Francisco-based real estate investment firm headed by Stuart Shiff, has once again teamed up with the California State Teachers’ Retirement System (CalSTRS)...

Red Branch Apts. Trades in Los Gatos
A local individual investor has purchased the Red Branch Apartments at 16945 Roberts Rd. in Los Gatos, CA, for $13.15 million, or about $548,000 per unit. Completed in 1969, the 24-unit building consists solely of two-bedroom/two-bath apartments. The...

WeWork Loves San Francisco
WeWork recently signed San Francisco’s largest lease of the year at 430 California St. The entire building lease grows the co-working provider’s footprint in the city to 1.2 million square feet. Co-working has exploded in San Francisco, with new...

Easterly Government Properties to Buy Brand New San Jose VA Clinic
Easterly Government Properties has entered into an agreement to buy the brand new 90,085-square-foot Department of Veteran Affairs (VA) outpatient clinic at 5855 Silver Creek Valley Place in San Jose, CA. The new facility is leased to the VA San Jose...

Santa Clara Apt. Complex Trades in 1031 Exchange
Homestead Apts., a 19-unit multifamily property located at 2785 Homestead Rd. in Santa Clara, CA, has traded hands between individual investors for $7.2 million, or approximately $378,947 per unit, in a 1031 exchange. Built in 1961, the two-story multifamily...

DivcoWest Sells San Jose Flex Bldg.
DivcoWest has sold the 73,312-square-foot flex building at 5750 - 5784 Hellyer Ave. in south San Jose to an individual investor for $9.35 million, or about $128 per square foot. The property was fully leased at the time of sale with NDS Surgical Imaging...

Largest Single Bay Area Industrial Development Now Underway in Fremont
Facing aging product and limited supply, the Bay Area industrial market is set to get a significant shot in the arm with an infusion of new industrial development courtesy of Conor Commercial Real Estate and American Realty Advisors, the owners and developers...

Beacon Capital Nets San Jose High-Rise in $101.5 Million Deal
Beacon Capital Partners and PNC Realty Advisors have engaged in a direct exchange that saw the two firms swap a pair of $100 million office towers on either coast. In Silicon Valley, Beacon Capital Partners closed on 160 W. Santa Clara in downtown...

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