Silicon Valley.com A group of investors led by George Mersho has paid $23.8 million, or $151.59/sf, for the 157,000-square-foot office property at 303 Almaden Blvd. in San Jose, Calif. Mersho, who is managing partner of Bridge Group Investments, purchased the ...
Throckmorton Partners has paid $73.1 million, or $276,894/room, for the 264-room South Tower of the former Fairmont Hotel in downtown San Jose, Calif. That will result in a substantial paydown of a troubled $173.5 million loan, held by BrightSpire Capital ...
Off Plan Property Exchange Jonathan Rose Cos. has paid $102 million, or $308,157/unit, for the Grove, a 331-unit apartment property in San Jose, Calif. The New York company purchased the complex from Nuveen Real Estate in a deal brokered by ...
A venture of Archway Equities and Virtú Investments has paid $74.25 million, or $390,789/unit, for the 190-unit James apartment property in downtown San Jose, Calif. Archway, of Beverly Hills, Calif., and Virtú, of Carlsbad, Calif., purchased the property from Fairfield ...
The 10-year loan requires only interest payments for its full term and pays a coupon of 5.37 percent. JRK purchased the property through its JRK Platform V fund, which closed in October 2022 after raising $1 billion of capital. The ...
JRK Property Holdings has lined up a $62.14 million Freddie Mac loan to facilitate the purchase of the 301-unit DUO Apartments in San Jose, Calif. Marcus & Millichap's Institutional Property Advisors unit arranged the 10-year loan, which requires only interest ...
The property is fully leased by Varian Medical Systems. It has 32-foot clear heights, nine dock positions, one ground-level door, office space and early suppression, fast-response sprinkler systems.
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