Big East Bay office building owned by San Jose hotel owner is bought
PLEASANT HILL — An East Bay real estate firm has bought a high-profile office building in Pleasant Hill from a group headed up by the owner of a big downtown San Jose hotel, a property brokerage said Wednesday.
In the most recent deal, California Capital & Investment paid $38.5 million for The Terraces, a high-profile six-story office building at 2300 Contra Costa Blvd. in Pleasant Hill, according to CBRE, a commercial real estate firm that arranged the transaction. The $38.5 million price for The Terraces is considerably higher than the building’s estimated value of $30.5 million as of mid-2021, as reported by the Contra Costa County Assessor’s Office.
“The Interstate 680 Corridor office market remains an attractive investment for stable, value-add opportunities that are closer to where workers reside,” said Prosser, a CBRE executive vice president.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
East Bay MUD to pay $816,000 penalty for releasing 16 million gallons of partially treated sewage into San Francisco BaySan Francisco Bay: $816,000 fine issued for sewage pollution in big storm
Lire la suite »
Amy’s Kitchen Is Shutting Down Its San Jose Factory, Eliminating About 300 Bay Area JobsThe Mercury News reports “inflation, skyrocketing materials costs, labor shortages and disruptions in the worldwide supply chain” are to blame for the closure (via eatersf)
Lire la suite »
Bay Area warrant sweep of “extremely violent” suspects results in nearly two dozen arrestsThe warrant sweep happened earlier this month.
Lire la suite »