Merck Reaches Deal for West Coast Research Facility
One of the largest pharmaceutical companies in the world has signed a long-term, full-building lease for a 294,000-square-foot office and lab complex to be developed at 213 E. Grand Ave. … Continue reading
Rubicon Pays $154MM to Buy San Mateo Office Asset
San Francisco-based Rubicon Point Partners has acquired the approximately 300,000 square foot San Mateo BayCenter in San Mateo for approximately $154.4 million, or $515 per square foot, according to sources … Continue reading
Black Mountain Properties Sells San Carlos Business Park for $61.1 Million
After 20 years of ownership, Black Mountain Properties has sold the San Carlos Business Park in San Carlos, CA to The Pillar Group out of Mountain View, CA for $61.1 … Continue reading
Chinese developer pays $171 million for 42-acre biotech site in South San Francisco
Greenland USA and its equity partners (represented by Kidder Mathews) completed the purchase of the Landing at Oyster Point, a proposed 2.25 million-square-foot biotech and life science campus in South … Continue reading
Kidder Mathews Helps Move Long-time Redwood City Tenant
This story originally appeared in the San Mateo Daily Journal. Kidder Mathews broker, Michael Hironimus, assisted Goetz Bros with the site identification. Goetz Brothers leaves downtown Redwood City: After 80 … Continue reading
Kidder Mathews Q2 Peninsula Industrial Report
After crunching the numbers, here’s the report. Bottom line is pricing, both in leasing and sales, continue to head north fueled mostly by limited supply and increases in sales and … Continue reading
Foster City Office Building Sells for $39.5M to DivcoWest
Address: 1065 E. Hillsdale Blvd, Foster City, CA Seller: Marin County Employees Retirement Association Buyer: DivcoWest RBA SF: 115,511 Lot size: 5.13 AC (223,288 SF) Selling price: $39,500,000 ($341.95/SF ) Type: Class … Continue reading
Kidder Mathews Q3 Peninsula Industrial Report
We’ve seen a dramatic increase in the past quarter for owner/user purchases while leasing has been steady, but not crazy. This mostly due to the fact that there is very … Continue reading
Investor Purchases San Carlos Industrial Portfolio for $14.1M
Address: 360-380 Industrial Road, San Carlos, CA Seller: Tanklage Family Partnership Buyer: High net worth investor RBA SF: 85,135 SF (Between 3 buildings) Lot size: 5 AC Selling price: $14,100,000 ($165.62/SF ) … Continue reading
Los Altos-based Box Takes Down New Crossing 900 Project in Downtown Redwood City
Comparable details: Address: 900 Middlefield Road, Redwood City, CA Landlord: Kilroy Realty Corp/Hunter Storm LLC (joint venture) Tenant: Box.com SF Leased: 334,000 Pricing: $4.40 /psf NNN (est.) Type: Class A Office … Continue reading
The Peninsula Industrial Pros 