Commercial Brokers Association

News Release: 6/27/2017

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June 27, 2017

CBRE Arranges $15.5MM Sale and Financing of 855 Oak Grove in Menlo Park, CA


CBRE Capital Markets has arranged the sale of 855 Oak Grove, a ±18,353-square-foot office building located in the heart of downtown Menlo Park. CBRE’s Scott Prosser, Seth McKinnon and Jack DePuy represented the seller, Oak Grove Associates, LLC. The property was purchased by Robert Wheatley Properties for $15,500,000.  READ MORE >>>
 

Soma Capital Partners Acquires Blue Oaks Marketplace in Sacramento for $19.2MM

 
Soma Capital Partners (SCP), a privately held real estate investment and advisory firm, today announced the purchase of Blue Oaks Marketplace in Rocklin, CA, for $19.2 million in partnership with Timbercreek Asset Management based in Toronto, Canada. The 100,000 square foot, Class A shopping center sits in a prominent Sacramento retail node with surrounding median incomes of over $120,000.  READ MORE >>>
 

Arup Signs 10-Year Lease for 16,000 SQFT at 1330 Broadway in Oakland


TMG Partners, one of the Bay Area’s largest mixed-use property developers, announced today that multidisciplinary engineering and consulting firm Arup signed a ten-year lease for 16,034 square feet at the developer’s 1330 Broadway property in Downtown Oakland. Arup is expanding its footprint to include a new Oakland office, and will occupy the entire 13th floor. This new lease comes on the heels of Oracle’s recent expansion to the 18-story, 315,000-square-foot Oakland office building.  READ MORE >>>

Pinza Group Sells Eight Units in Vallejo for $1.050MM


The Pinza Group announced its first of three apartment building sales in the month of June in the city of Vallejo: eight apartment units located at 151 Farragut Ave. Steven Pinza, Esq.  President of The Pinza Group represented the Buyer and Seller in the transaction which Pinza sold off market. The property sold for $1,050,000 and obtained multiple offers after a very brief internal marketing effort.  READ MORE >>>
 

Transwestern Management Assignment for Griffin Capital Grows to 4.5 Million Square Feet of Office and Industrial Space


Transwestern today announces Griffin Capital Company, LLC increased the scope of the firm’s management services assignment to more than 4.5 million square feet of predominantly Class A office and industrial space, located primarily in the Southwest and West regions of the country, for two publicly held REITs sponsored by Griffin Capital.  READ MORE >>>