201 California Street is a 17-story, 273,263 square foot office tower built in 1980 and located in San Francisco’s North Financial District. Ideally situated along California Street, one of the most recognizable commercial corridors on the West Coast, “201 Cal” benefits from an irreplaceable location surrounded by a robust amenity base and immediate access to…
Woodridge is a well maintained, highly occupied property due to its immediate proximity to California State Polytechnic University, Humboldt (“Cal Poly Humboldt”). The limited availability of on-campus housing has been a persistent issue for the university, with dorm capacity for less than half of the student body. Through the implementation of a meaningful renovation plan…
Situated on the corner of New Montgomery and Market Streets, 33 New Montgomery is a Class A office tower that features robust on-site amenities, including a light-filled lobby, tenant lounge, conference facilities, fitness center, shower facilities, and bike room. Tenant spaces offer high ceilings and expansive window lines that provide for natural light and unique…
180 Howard Street is a 13-story, 211,146-square-foot office tower located in San Francisco’s South Financial District. The property is at the corner of Howard Street and Main Street, situated along the “Spear Street Corridor”, which historically out-performs the greater CBD with lower vacancy and higher rents. The building’s location has some of the best transit…
Gateway Apartments is a value-add, garden-style multifamily community in the East Bay. Built in 1989, the Property is located in San Leandro, and proximate to various forms of transit including I-880, Highway 92, and walking distance to the San Leandro BART station. Ridge acquired the asset for $71.85 million ($345k/unit) from the same seller as…
Gateway Apartments is a value-add, garden-style multifamily community in the East Bay. Built in 1989, the Property is located in San Leandro, and proximate to various forms of transit including I-880, Highway 92, and walking distance to the San Leandro BART station. Ridge acquired the asset for $84.25 million ($357k/unit). Over the first 36 months,…
On an off-market basis, Ridge acquired The Mews at Dixon Ranch for $23.9 million ($251,500/unit, $278 PSF), representing a compelling basis relative to replacement cost and comparable trades. The Mews is located within walking distance of an amenity-rich area with immediate access to I-80, making for a short commute to major neighboring areas such as…
On an off-market basis, Ridge acquired two adjacent multifamily properties under separate transactions, consisting of a total of 53 units. At the combined price of $7,300,000 ($137,736/unit, $144.34 psf), the initial basis is less than half of the replacement cost for similar properties. The two properties will be operated as a single asset known as…
Ridge acquired Sierra Sunset Village apartments in July, 2018 for $7.4 million ($109k/unit). The property is a well-established multifamily asset with a long history of high occupancy in a community that has also traditionally had a very high renter vs. ownership profile with occupancy levels in excess of 98%. Ukiah is the county seat of…