San Mateo, CA – San Francisco-based Ellis Partners announced that it has acquired 411 Borel in San Mateo.  The price was not disclosed. 411 Borel is a 141,000 square foot institutional-quality multi-tenant office building designed by renowned Bay Area architect Art Gensler.  Its timeless design positions it as one of the leading office buildings in the marketplace.  Situated adjacent to Highway 92 with immediate access to Highway 101, Interstate 280 and the San Mateo Bridge, the property is in a prime Peninsula location midway between San Francisco and San Jose. “We are thrilled to be adding 411 Borel to our portfolio and …

Oakland, CA – Today, Ellis Partners, Transbay Holdings and DivcoWest announced that they have closed the sale of their ground leased interests and fee-owned development sites at Jack London Square to the CIM Group. The transaction covers 425,000 square feet of existing office and retail space in six buildings as well as two land sites that were recently entitled for up to 665 residential units.  Terms of the transaction were not announced. “We are very proud of our role in the renaissance of Jack London Square over the last fourteen years. Through good economic times and bad, the dedication of many …

Roseville, CA – A fast-growing Chico-based bank has purchased a 40,000-square-foot building on Douglas Boulevard for a regional headquarters. Tri Counties Bank, with $4.1 billion in assets, is the primary subsidiary of TriCo Bancshares (Nasdaq: TCBK). It has offices all over Northern California, including 11 in the Sacramento area. The regional headquarters “will give us an identity in Sacramento and Roseville,” said CEO Rick Smith. “It’s in the right part of Roseville where all of the banks and financial services are.” The bank has multiple offices in Roseville, where it had a Small Business Administration loan office, a separate commercial lending office and …