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City: San Jose
South Tower of the former Fairmont Hotel
Throckmorton Partners, a Mill Valley, Calif., investor that specializes in the multifamily sector, including student-housing, has struck a deal to lease the property to San Jose State University, which will use the building as student housing. It plans to invest ...
Grove
The property, at 1919 Fruitdale Ave., is encumbered by a $52.53 million Freddie Mac loan that's securitized through FREMF, 2017-K726. The loan pays a 3.77 percent coupon and is set to mature this month. The Grove is on track to ...
BKM Capital Pays $30.7Mln for Industrial, Office Property in San Jose, Calif.
The Real Deal BKM Capital Partners has paid $30.7 million, or $257.77/sf, for Junction Business Park, a two-building property with 119,100 square feet of industrial and office space in San Jose, Calif. The Newport Beach, Calif., investment manager purchased the ...
Vista Investment Defaults on $23.8Mln Loan Against San Jose, Calif., Office Property
The Real Deal Vista Investment Group has defaulted on the $23.8 million loan against the 99,400-square-foot office building at 3100 North First St. in San Francisco. The Santa Monica, Calif., company failed to repay the loan at its maturity in ...
Brixton Capital Pays $33Mln for San Jose, Calif., Retail Center
SiliconValley.com Brixton Capital has paid $33 million, or $185.19/sf, for Monterey Plaza, a 178,200-square-foot retail center in San Jose, Calif. The Solana Beach, Calif., investment firm purchased the property from Kimco Realty Corp. in a deal brokered by Newmark. California ...
San Jose, Calif., Office Property Sells at Huge Loss
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 ...
Part of San Jose, Calif., Hotel Sells; Paydown of Defaulted Loan Expected
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 ...
331-Unit Apartment Property in San Jose, Calif., Sells for $102Mln
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 ...
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