Bascom Northwest Ventures Acquires 260-Unit Class-A Apartment Community in Denver, Colorado for $90,500,000

1000 South Broadway Apartments SAN FRANCISCO, Oct. 24, 2019 /PRNewswire/ -- Bascom Northwest Ventures, LLC ("Bascom Northwest") has acquired 1000 South Broadway Apartments ("1000 South Broadway"), a 260-unit Class-A infill apartment community located in the dynamic city of Denver, Colorado at 1000 South Broadway, Denver, Colorado.  The $90.5 million acquisition ($348,076/unit) closed on October 18, 2019.  Terry Daly of Cushman & Wakefield ("CW") arranged the $54.50 million loan with Wells Fargo Bank.   The property management team will be Avenue 5 Residential. The property was purchased with investment proceeds derived from the sale of a successful 15-year investment in an urban infill property in Bellevue, Washington. Built in 2015, 1000 South Broadway is located in Wash Park with convenient proximity to Denver's major retail, restaurant and employment centers. With short access to the Broadway Station light rail, residents benefit from excellent accessibility to Denver's largest employment centers in the Central Business District and the Denver Tech Center, where companies such as DaVita, Arrow Electronics, [...]

Kristina Wollan Joins Cushman & Wakefield as Managing Director, Investor Services

SAN FRANCISCO, Calif., October 29, 2019 – Cushman & Wakefield announced today that Kristina Wollan has joined the firm as Managing Director, Investor Services, based in San Francisco. In her new role, Wollan will be charged with ensuring the firm’s largest clients receive the highest level of client service, advisory and customized solutions across the entire platform of services, including capital markets, agency leasing, property management, valuation and advisory and construction management. “Kristina brings great experience in working closely with clients to understand their business priorities, challenges and opportunities. She will play a key role in delivering clients an integrated investor services solution, customized to maximize the value of their real estate portfolio,” said Carlo Barel di Sant’Albano, Cushman & Wakefield Chief Executive, Global Capital Markets and Investor Services. Added Wollan, “Cushman & Wakefield has built a client-first Investor Services and Capital Markets platform that is unrivaled in our industry. [...]

TMG Partners Announces Next Generation Office Tower To Rise In Uptown Oakland

Telegraph Tower to Deliver 875,000 Square Feet of Workspace  with Outdoor Decks on all Floors in Transit-Rich Location Telegraph Tower OAKLAND, Calif. - (October 10, 2019) –TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, has begun leasing efforts for Telegraph Tower, a fully-entitled, next generation office development at 2200 Telegraph Avenue, which is at the corner of Telegraph and West Grand Avenues in the heart of the Oakland’s Uptown neighborhood. Groundbreaking for the tower is slated for mid-2020. “TMG Partners’ Telegraph Tower is a stunning workplace that offers the Bay Area’s best commute to the companies lucky enough to call Oakland home,” said Oakland Mayor Libby Schaaf. “I am proud to have TMG supporting the future of Uptown as they develop exceptional, needed product in our ever-burgeoning city.” The 875,000 square-foot building, designed by Solomon Cordwell Buenz Architects, offers up to 37,000 square-foot floorplates [...]

Cushman & Wakefield Promotes Sandra Boyle to West Region Lead for Asset Services

Accomplished Professional Brings over 30 Years Experience to Lead Role with Firm SAN FRANCISCO, Calif., October 2, 2019 – Cushman & Wakefield announced today the firm has appointed Sandra Boyle, CPM, LEED AP to the role of West Region Lead for Asset Services. Based in San Francisco, Sandra possesses more than 30 years of experience in commercial real estate with exceptional expertise in asset and portfolio management, project management and ground-up development. In her new leadership role within Cushman & Wakefield, Sandra will be responsible for growing the firm’s Asset Services portfolio in the West Region with a focus on client care, team engagement, developing best practices and talent recruitment. Her territorial responsibility includes the states of California, Oregon, Washington, Nevada, Arizona, Utah, Colorado, and Texas. Sandra joined Cushman & Wakefield in 2011 as Director of Asset Services and soon thereafter moved into the Chief Operating Officer role for San Francisco. [...]

Big Tech Moves Into Oakland while Construction Pipeline Swells

Cushman & Wakefield Releases Q2 Report for East Bay Oakland Office Market OAKLAND, Calif., July 23, 2019 – Cushman & Wakefield’s research department has released their second quarter 2019 market report for the East Bay Oakland office market. Below are the key findings from this report plus local expert commentary: VACANCY AND OCCUPANCY GROWTH BOTH ON UPSWING Vacancy in the East Bay Oakland office market was 10.5% at mid-year 2019, up modestly from a year ago, largely due to the new delivery of the 244,000-square-foot (sf) 2150 Webster building, that is unleased. Vacancy in the Oakland CBD was 10.3%, its first time above 10% in nearly five years. Keith Reichert, lead research analyst for Cushman & Wakefield’s Oakland office, said, “Despite a modest rise in vacancy, occupancy has increased by a significant 443,600 sf over the past year market wide, with the second quarter of 2019 achieving more than 200,000 [...]

Woodstock Development Acquires One Bay in Burlingame, Calif. – Cushman & Wakefield Retained for Leasing Services

BURLINGAME, Calif., July 1, 2019 – Woodstock Development is pleased to announce the acquisition of One Bay in Burlingame, California. Located at 1350 Bayshore Highway, the nine-story building is approximately 196,000 square feet of Class A office space situated on 4.75 acres along the waterfront of the San Francisco Bay. The property was acquired from New York Life Real Estate Investors and Harvest Properties. Headquartered in downtown Burlingame, Woodstock Development has been active in the Peninsula and East Bay Office and Life Science markets for over 25 years. “One Bay has historically enjoyed a strong presence in the northern and mid-Peninsula markets,” said Woodstock Development’s President Kirk Syme. “The building features a timeless design while offering unobstructed panoramic Bay views that stretch as far as downtown San Francisco and across to the East Bay, and south along the Peninsula.” One Bay currently offers a 10-minute shuttle service to the BART [...]

24Seven Taking Occupancy of 405,000 SF at North Bay Logistics Center- Transaction Ranks among North Bay’s Largest-Ever Wine Leases

VACAVILLE, Calif., June 25, 2019 – Cushman & Wakefield announced today that 24Seven Enterprises, a leading edge logistics and distribution solutions company, will soon be taking occupancy of 404,950 square feet of warehouse/distribution space at the North Bay Logistics Center in Vacaville, California. Signed earlier this year, 24Seven, the parent company to VINGO, LLC and recently acquired Pack n' Ship Direct, agreed to a long-term lease for its new facility that will house the operations for the two business lines. Owned by LDK Ventures, the North Bay Logistics Center is located at 700 Crocker Drive and features more than 843,000 sf of contiguous warehouse in Vacaville, a growing distribution hub, and ranks among the largest single-building distribution facilities in Northern California. Brooks Pedder, SIOR, John McManus, CCIM, and Tony Binswanger, SIOR with Cushman & Wakefield represented the landlord in the transaction, with Pedder and Scott Bertrand also of Cushman & [...]

Scannell Properties Acquires 183,000 SF North Bay Industrial Project for $26.45 Million

PETALUMA, Calif., June 21, 2019 – Cushman & Wakefield announced today that the firm has advised the sale of a 183,000-square-foot multi-building industrial portfolio in Petaluma, California for $26.45 million. The transaction closed in April. The seller consisted of a pair of private individuals who formerly operated their business, Sistema Plastics, at the entire project located at 755-775 South Point Blvd. The buyer was Indianapolis-based Scannell Properties. Trevor Buck, Steven Leonard and Brian Foster with Cushman & Wakefield’s North Bay office represented both buyer and seller in the transaction. The trio was also retained by the buyer to perform leasing services. “At the time of sale both buildings were fully vacant to which the portfolio had represented the largest industrial lease opportunity in the North Bay; however, already since the date of sale, we have swiftly closed two significant lease transactions in the project, and are currently in negotiations for [...]

The Companion Group Relocating Industrial Operations from SF Bay Area to Sacramento

Photo Source: CoStar SACRAMENTO, Calif., June 20, 2019 – Cushman & Wakefield announced today The Companion Group has signed a new lease that will move the company’s long-time industrial operations once housed in the San Francisco East Bay Area northbound to Sacramento, California. The Companion Group, a leading manufacturer of barbecue tools, accessories, and other products for cooking outdoors, will be relocating from Hayward into 100,800 square feet (sf) of warehouse/distribution space in the city of Woodland. The Companion Group, whose existing Hayward lease was set to expire in approximately one year, has been part of the East Bay community for more than three decades. Industrial specialists Kate Woodcox and Michael Harris with Cushman & Wakefield’s Oakland and Sacramento offices represented the tenant in the transaction. “With a higher cost industrial rental environment in the Bay Area, this was a prudent business decision by The Companion Group to [...]

Cushman & Wakefield Advises Sale of 40-Acre Site in Petaluma for $20.1 Million for New Planned Development

PETALUMA, Calif., June 19, 2019 – Cushman & Wakefield announced today that the firm has advised Silicon Valley-based Bay West Development in the sale of 40 acres of undeveloped land in Petaluma, California for $20.1 million. Located at 500 Hopper Street, Bay West had originally purchased the vacant industrial-zoned property in 2016. The buyer was Indianapolis-based Scannell Properties, whose official plans for their new development project have yet to be announced. Trevor Buck, Steven Leonard and Brian Foster with Cushman & Wakefield’s North Bay office represented the seller in the transaction. “We marketed this property as an industrial build-to-suit opportunity to a wide audience of buyers and we received strong interest from a number of different investors and developers, even outside the scope of industrial,” said Trevor Buck, Executive Director. “Scannell proved to be an ideal buyer for this sought-after property given their experience and knowledge of the local area, [...]