Graymark Capital has acquired 120 Via Merida, a 99,000 square foot office building in Thousand Oaks, CA. The San Francisco-based company paid $17.75 million for the property and also secured $42 million in financing for the acquisition and speculative remodeling of a life sciences campus.

CBRE’s Mike Longo, Sean Sullivan and Todd Tydlaska represented the seller, a private equity firm, in the transaction and CBRE’s Greg Grant facilitated the financing. “Thousand Oaks is the heartbeat of life sciences in Los Angeles. The property is located at the entrance to the market and offers an ideal laboratory conversion due to its quality construction and campus layout,” commented Longo.

Gray Matter and architect BAM Creative will develop the conversion, which will consist of 60% lab-ready space with upgraded mechanical, electrical and plumbing. The property will also undergo exterior and site improvements to the power system, charging area, interior and exterior fixtures, roof and parking lot.

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Former Obama campaign manager Jim Messina bought the Glen Park home from PayPal Mafia member Keith Rabois for $8.7 million, according to property and loan records.

Rabois launched the home in late 2020, shortly after the billionaire announced he was moving to Florida. The price started at $12 million, but after that multiple cuts had fallen to $10.25 million before the sale.

Even after losing a quarter of the original bid, the home is still the highest-priced sale ever made in San Francisco’s Glen Park neighborhood. According to Redfin data, there have only been six $5 million sales in the hilly area south of Noe Valley and east of Bernal Heights in the last five years.

Messina and his wife Taya Cromley, a clinical psychologist, closed the 5,700-square-foot home on Valentine’s Day, according to property records and loan documents Bank of the First Republic who list them as two members of SashaHouse, the Montana-based LLC that purchased the cul-de-sac home. The Obamas’ younger daughter is also named Sasha, but it’s unclear if she was the inspiration for the LLC’s name.

Messina lives in San Francisco and Montana with his wife and their two dogs, according to a bio on the website of his political consulting firm, The Messina Group. The site’s clients include Uber, Airbnb, Google and Delta Air Lines, as well as more than a dozen world leaders, including former British Prime Ministers Theresa May and David Cameron and former Mexican President Enrique Peña Nieto.

In the 2012 election cycle, Messina served as manager for Barack Obama’s re-election campaign, which used technology for public relations and fundraising. He was also deputy chief of staff in the White House under Obama.

Rabois also had a short-lived career in politics as an adviser to former Vice President Dan Quayle in 1999. A year later, he moved to Paypal, where he and other early payment site executives and founders such as Elon Musk and Peter Thiel became known as the “Paypal Mafia” due to the interconnected web of giant tech companies — Tesla, Uber, Pinterest, and Airbnb — that they later founded or in which they invested.

Rabois bought the home in June 2011 for $3.5 million while he was COO at Square and immediately submitted approval to fully develop the early ’70s hillside lot as a “breathtaking architectural development” with panoramic views of the city’s skyline to rebuild the city, according to the notes of Coldwell Banker’s Joel Goodrich and Camron Paul Garcia.

Garcia and Compass agent Steve Mavromihalis held the listing when it first went public, and Maveomihalis said via email that “we were able to secure immediate offers within the range of values ​​we had proposed to the seller, but were unable to complete a sale at that time.” Subsequently, he “backed out of that engagement,” he said, although Garcia stayed.

The home’s floor plan centers around an open-air atrium with a “mature birch tree, a flowing stream, and an outdoor shower,” according to the listing. The atrium has a one-car garage on either side of the top floor, and there are four bedrooms, five full baths, two half-baths, a media room, a library, a wine cellar with a sauna next door, and an outdoor hot tub spread across its four floors. The lowest level features a 700-square-foot gym with a half-bath and patio.

Rabois also plans to build a larger gym with a basketball court into another home he bought and is expanding across the street at 43 Everson. Despite moving abroad in 2020 and the ire of some of his neighbors who have urged the city to reject his “scale” plans, Rabois still owns this home, which was purchased in 2015 for $2.35 million, and seems to be moving forward with his Renovation. Electrical permits for AV systems, motorized blinds and automated lighting were recently approved, and gross plumbing inspections were also signed this week, according to city records.

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Partners Group Holding AG PGHN, -1.51% said Wednesday it agreed to buy DiversiTech – a Georgia-based manufacturer and supplier of parts and accessories for heating, ventilation and air conditioning equipment – from Permira at an enterprise value of $2.2 billion. Permira and management will remain minority investors in the company, which was founded in 1971 and based near Atlanta. DiversiTech employs 1,250 people at 20 locations in the US, Canada and the UK Partners Group said it plans to accelerating new product development, expand through mergers and acquisitions and boost internal manufacturing capabilities. Partners Group managing director Andrew Oliver led the deal. Shares of Partners Group rose 0.7%.

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PACE Supply goes beyond supplying plumbing companies with the acquisition of three Northern California companies.

The Rohnert Park-based company, which until then had 25 locations in California and Hawaii, acquired JW Wood Co. Inc., Northern Industrial Sales and All Air Supply effective January 1. The financial terms of the deal were not disclosed in the announcement Tuesday.

“Part of PACE Supply’s strategy is to expand our capabilities and expand our geographic presence,” said President Keith Hubbard in the press release. “JW Wood is a testament to their passionate people and has built a reputation for excellent customer service. It fits in perfectly with our organization. We are honored to have their family members in our family and we look forward to serving our customers. “

The deal includes four locations in California: Redding, Chico, Susanville and Yuba City. The first two have sanitary showrooms.

JW Wood, a family business founded in 1954, provides plumbing, HVAC, irrigation, and industrial services in northern California and southern Oregon.

“My brother Kellie and I were fortunate enough to learn the wholesale plumbing business from one of the best, our father Wes Wood, the founder of JW Wood,” said former President John Wood. “We worked for JW Wood when we were young. When it came time to retire, our focus was on finding a buyer who would be a good fit with our family, employees, customers, and the communities we have served for the past 67 years. PACE Supply is that company. “

Brad Williams of Beringer Group represented JW Wood on the transaction.

Pace Supply was founded in 1994 and is employee owned. Prior to this deal, it had 20 wholesale locations and four Premier Bath & Kitchen showrooms.

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Waterton plans to renovate the 154-unit Delphine on Diamond multi-family community in the Noe Valley neighborhood of San Francisco.

SAN FRANCISCO – Waterton, a Chicago-based national real estate investor and operator, has purchased Delphine on Diamond, formerly known as Eaves Diamond Heights, as an entry into the San Francisco market.

The Delphine on Diamond is located in the Noe Valley district and has 154 one, two and three bedroom apartments spread over two podium buildings with underground parking.

Waterton plans to renovate the community, built in 1972, including new siding and windows, landscaping, mechanical improvements, and updates to hallways, public areas, and facilities. In addition, the units will be fitted with new lights, carpets and wooden floors, while the kitchens will be fitted with new cabinets, solid-surface countertops and modern plumbing fixtures.

The property is located at 5285 Diamond Heights Blvd. The terms of the acquisition were not published.

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