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June 26, 2016
 Arbor Lodging Partners Secures Initial Investment in San Francisco Bay Area
Arbor Lodging Partners entered the San Francisco Bay Area hospitality market with its purchase of the 119-unit Hilton Garden Inn Oakland-San Leandro in San Leandro, CA from Cornerstone Hotel Group. A fully integrated hotel owner and operator based in Chicago, Arbor Lodging Trust paid an undisclosed amount for the four-story hotel, which delivered in 2002 at 510 Lewelling Blvd. near Oakland International Airport in East Bay's San Leandro West of...
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June 26, 2016
 The Bascom Group Continues Buying Spree with Latest Multifamily Investment Near Silicon Valley
Irvine, CA-based private equity firm The Bascom Group headed north for its latest investment, striking a $63 million deal with Klingbeil Capital Management to acquire the 196-unit Camden Village Apts. at 38000 Camden St. in Fremont, CA. Camden Village was constructed in 1966 on 10.77 acres near I-880 and just east of the Amtrak - Fremont/Centerville station in the Centerville Multifamily submarket of East Bay. The community is comprised of studio...
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June 24, 2016
 CoStar's People of Note (June 24)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Northern New Jersey, Denver, Chicago, Columbus, Boston, Sacramento, Atlanta, Florida and more! NEW YORK CITY Klein Joins Monday Properties as EVP, Capital Markets Lead By Justin Sumner Read More >  
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June 19, 2016
 Oakland Apartment Complex Sells for $4.9M
Malkassian Trust purchased the apartment complex located at 1130 30th St. in Oakland, CA for $4.995 million, which equates to approximately $128,000 per unit. Built in 1906, the two-story apartment building totals 17,840 square feet. The unit mix is comprised of 28 studios, 10 one-bedroom/one-bath units and one office suite/managers unit. Stephen Pagones of Harbor Bay Commercial represented the buyer. Stephen and Michael Pagones of Harbor Bar...
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June 20, 2016
 Friedkin Investment Co. Buys Oak Grove Apts. in Concord
Friedkin Investment Co. purchased the Oak Grove Apts. at 1050 Oak Grove Rd. in Concord, CA for $5.85 million, or about $183,000 per unit. Built in 1971, the two-story apartment building totals 24,553 square feet. The unit mix is comprised of 16 one-bedroom/one-bath units and 16 two-bedroom/one-bath units. Steve Pinza of The Pinza Group in Walnut Creek served as dual agent in the transaction. Please reference CoStar COMP #3625381 for more...
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June 14, 2016
 Construction to Begin This Week on First Mixed-Use Project in Downtown Fremont
The City of Fremont, TMG Partners, Sares Regis and SummerHill Homes have partnered together to construct Downtown Fremont?s first mixed-use project, a multifamily and retail development named Locale@State Street. The project, which will break ground this Friday at the corner of Capitol Ave. and State St., is set to be constructed on six acres and will include 157 row-home and stacked flat residential units, as well as 21,000 square feet of street...
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