SHoP Architects-Designed YouTube HQ Expansion Approved By San Bruno City Council

BY: ANDREW NELSON 5:30 AM ON OCTOBER 22, 2021 San Bruno, CA- The San Bruno City Council has approved plans for Google to expand YouTube’s headquarters with over two million square feet of office space, potential housing, shops, and a hotel as part of the Bayhill Specific Plan. The project will extend across five separate phases. Phase one starts with SHoP Architects-designed offices at 1300 Bayhill Drive and 1350 Grundy Lane, San Bruno, San Mateo County. The nearly half a million square foot phase. HLW is the architect of record. Youtube CEO Susan Wojcicki published a press release celebrating the approval, stating that “through the full development plan, YouTube’s …

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CBRE Capital Markets Arranges Sale & Financing of a Creative Office Building in San Francisco

San Francisco, CA – CBRE Capital Markets’ announces the sale and financing for a creative office building at 153 Townsend Street. The nine-story, 179,000 square-foot Class A building is located across from Oracle Park in the SOMA district of San Francisco. CBRE’s San Francisco Investment Sales team, comprised of Mike Taquino, Kyle Kovac, and Giancarlo Sangiacomo, advised on the transaction with the Seller American Realty Advisors and the Buyer Ellis Partners. The purchase is the first investment in Ellis Partners’ EPNY investment vehicle which was formed to acquire and manage core office, industrial and retail properties in the San Francisco Bay …

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Real Estate Allies Buy Choice Downtown Oakland Site, Eye New Tower

OAKLAND, CA — A prime site for development in downtown Oakland has been bought by real estate allies that are eyeing the property as the location of a modern office tower. The property where the office high-rise could sprout is located at 1919 Webster St. at the corner of 19th Street in downtown Oakland. Ellis Partners, a veteran Bay Area developer, and Intercontinental Real Estate, a real estate firm with a nationwide reach, have teamed up to buy and develop the property. The development alliance paid $23.5 million for the property, according to documents filed on April 2 with the Alameda County Recorder’s …

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Ellis Partners Closes New $200 Million Core Venture

San Francisco, CA: Ellis Partners announced today that it has closed a new separate account investment vehicle with a $200 million equity commitment from the New York State Common Retirement Fund (“NYSCRF”).  The joint venture will focus on acquiring and managing core office, industrial and retail properties in the San Francisco Bay Area.  Ellis Partners received the direct investment from NYSCRF after being selected as a successful graduate of NYSCRF’s emerging manager program. “We are honored to have this opportunity to continue our work with NYSCRF in this new long-term venture. We look forward to working with the Bay Area real estate …

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Regency Centers Acquires Iconic Shopping Center at The Pruneyard

Campbell, CA – Today, Regency Centers Corporation (“Regency”) (NASDAQ:REG), the preeminent national owner, operator, and developer of shopping centers, has announced the acquisition of 258,000 square feet of prime Silicon Valley retail located in the iconic mixed-use project known as The Pruneyard. Originally built in the 1960s, The Pruneyard quickly became a Silicon Valley landmark, evolving over the years and recently undergoing a substantial renovation. Anchored by Trader Joe’s, it is located at the highly-trafficked intersection of Campbell Avenue and Bascom Avenue, adjacent to State Route 17. The Pruneyard sits in close proximity to the West Valley’s most affluent neighborhoods, drawing …

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Oaktree joins Ellis Partners Venture to Bring New Investment to the Pruneyard Office Towers in Silicon Valley

Campbell, CA – Ellis Partners announced today that it completed a transaction for funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to purchase a majority stake in the three-building, 365,000-s.f. Class A office component of the iconic mixed-use Pruneyard complex. Ellis Partners, which purchased the property in 2014 will retain an ownership stake and continue to manage the project. The Pruneyard Office Towers are centrally located in the heart of Silicon Valley’s West Valley submarket with prominent visibility and ease-of-access along Highway 17 and less than a 10-minute walk from downtown Campbell (via a newly improved walkway) as well as the …

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Ellis Partners Buys Vacant Building in Emeryville for $6.3MM

San Francisco-based Ellis Partners has acquired the 19,000 square foot building located at 4090 Halleck Street in Emeryville for $6.3 million, or just over $331 per square foot, according to sources familiar with the acquisition of the property. Ellis Partners would not comment on what it paid for the property. The company used its own capital to acquire this asset. The seller of the building was an end-user that was in the art re-printing business. It had sold the business a couple of years ago and no longer had any use for the building. The seller was represented in the sale by …

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Ellis Partners comes full circle on Roseville office plan

When his firm Ellis Partners bought a nine-building portfolio of office buildings in Roseville from Hines in 2012, co-managing principal James F. Ellis said he believed the region was poised for better times. With Sacramento still in the early stages of recovery from the Great Recession, vacancy on the Douglas Boulevard corridor was 23 percent, so there was definite room for improvement. Ellis’ optimism paid off over the next six years, as the San Francisco firm employed an aggressive strategy of improving the buildings and going after tenants. From then until now, according to Newmark Knight Frank, Ellis’ Roseville properties saw 180 deals. Ellis …

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Ellis Partners Announces Another Wave of New Tenants as The Pruneyard Realizes its Renaissance

CAMPBELL, CA. – The Pruneyard is abuzz with new retail and restaurant tenants as the property completes its first phase of construction, elevating this Bay Area landmark’s shopping, dining and entertainment options. “Our new and incoming tenant mix will complement many of our longstanding tenants and further enhance The Pruneyard as a vibrant dining, shopping and entertainment destination for the entire West Valley,” says Caroline Morris, senior vice president at Ellis Partners, owner of The Pruneyard. This spring, The Pruneyard will be home to several new and innovative dining concepts and retailers as well as refreshed offerings from longstanding tenants. Asian Box will …

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Developers Ellis Partners and Intercontinental Real Estate Corporation to Break Ground on “The Key at 12th”

Oakland, CA – Today Ellis Partners, in a joint venture with Intercontinental Real Estate Corporation, formally broke ground on “The Key at 12th,” a new state of the art Class A office tower, adjacent to BART and across from the City Center development.  With hard hats and shovels in hand, Oakland’s Mayor and City officials joined in the celebration.  Ellis and Intercontinental expect completion and occupancy in late 2019. “We are honored to have the opportunity to transform this long-vacant block into Oakland’s premiere office building” said James Ellis, Managing Principal of the Ellis Partners.  “The Key at 12th will integrate …

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