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 …

Oakland, CA – Today Ellis Partners, in a joint venture with Intercontinental Real Estate Corporation, announced it acquired the vacant parcel in downtown Oakland known as 1100 Broadway.  The acquisition includes the dilapidated, historic Key System building, which holds 34,000 square feet across seven floors of commercial space.  The new ownership plans to build a new Class A office tower on the site, restore the vacant building to its original splendor, and integrate the two.  The Key System building, built in 1911, was the headquarters of the Key System Railway which transported East Bay residents locally and across the lower …

CAMPBELL, CA – The Pruneyard has long been a diamond-in-the-rough, but with the start of a major renovation, it is poised to be the jewel of Silicon Valley. The construction of this multi-phase project is commencing this month following a groundbreaking ceremony on Wednesday, January 18 at 10 am. The first phase comprises a series of dramatic improvements to transform The Pruneyard into an active and connected urban village. The Pruneyard’s Main Street and Plaza will be reimagined into a town square framed by new and updated retail and a host of dining options. Pedestrian walkways will improve circulation through the …

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 …

Novato, CA – San Francisco-based Ellis Partners LLC announced that it has acquired Woodside Office Center in downtown Novato.  The price was not disclosed. Situated prominently at the intersection of Redwood Boulevard and De Long Avenue, just off Highway 101, the high-quality Woodside Office Center is an 87,000 square foot multi-tenant office building.  Built in 2003, it has attracted a diverse and high quality roster of tenants including Hennessy Advisors, a Novato-based publicly traded investment manager, the law firm of Grancell, Stander, Reubens, Thomas and Kinsey, APC, and Regus, the world’s largest supplier of flexible office spaces, set to open in …

New York, NY – This December, Sunset will move its brand headquarters to Jack London Square in the heart of Oakland, California, it was announced today by Evelyn Webster, Executive Vice President, Time Inc. (NYSE: TIME). Sunset will relocate to Oakland from the Menlo Park campus that it has occupied since 1951.The new headquarters will be located at 55 Harrison Street in the same building that will house the Water Street Market, an artisan food marketplace being developed by Carlin Company, the team behind San Francisco’s Ferry Building Marketplace and Napa’s Oxbow Public Market. Sunset will occupy approximately 20,000 square …

The Silicon Valley economy shows no signs of slowing down, and developers have got some major projects in the pipeline to feed the demand. Here’s a look at five developments on the horizon that will knock your socks off.1. 101 TechDeveloper: Ellis PartnersSize: 961k SFThe big campus along Orchard Parkway in North San Jose currently has a newly renovated two-story 286k SF office/R&D building on two floors that’s fully vacant and ready to go. Companies with plans to expand big down the road will also find the project appealing, as it’s fully entitled for an additional 665k SF spread across …

Oakland, CA – San Francisco-based Ellis Partners announced that it has acquired the 277,030 square foot multi-tenant office building known as “180 Grand” in downtown Oakland, California. The project was acquired from an institutional investor.The property is a well-leased, multi-tenant office building at the southern edge of Broadway/Valdez specific plan district.  This acquisition represents the fifth purchase by commercial developer/investor Ellis Partners with capital partner Artemis Real Estate Partners.180 Grand is a fifteen story office building located at the prominent corner of Grand Avenue and Harrison Street adjacent to Oakland’s Lake Merritt.  The property also includes a surface parking lot …