East Bay tech and industrial buildings land buyer

"An 81,700-square-foot building at 2710 Lakeview Ct. in Fremont was bought for $28.8 million, county real estate records show. The other, a 64,100-square-foot building at 30803 San Clemente St. in Hayward, was acquired for $15.8 million, according to public files. Velo3D, a 3-D printing company, has its headquarters in the Fremont building and is the property's primary tenant, according to Securities and Exchange Commission regulatory filings."

"Both buildings were bought at above their most recently reported assessed values, in a sign that the properties are showing price appreciation. Assessed values are only one of multiple metrics that can be used to determine property price trends. The Fremont building fetched a price that was 55.7% over its assessed value of $18.5 million in January 2025. The Hayward building produced a price that was 2.6% over its latest assessed value of $15.4 million."

Ares Management, through an affiliate, paid a combined $44.6 million for two East Bay tech and industrial buildings, per Alameda County Recorder filings dated Feb. 17. An 81,700-square-foot property at 2710 Lakeview Ct. in Fremont sold for $28.8 million. A 64,100-square-foot property at 30803 San Clemente St. in Hayward sold for $15.8 million. Velo3D occupies the Fremont building as its headquarters and primary tenant. Techstyles Sportswear, Best Label Co., and Spectrum Label are primary tenants in the Hayward building. Both properties sold above their most recently reported assessed values, with Fremont 55.7% above and Hayward 2.6% above.

Read at The Mercury News