Sausalito Firm Buys Walnut Creek Office Tower for $22M Near BART

Commercial real estate investment, utility management honors, and seasonal food drives are shaping activity across Contra Costa County this week, led by a $22 million Class A office acquisition in downtown Walnut Creek, a national sustainability award for the Contra Costa Water District, and the rollout of holiday donation barrels in Brentwood.

FH One Investments Acquires 500 Ygnacio Valley Road in Walnut Creek for $22 Million

According to Hoodline, Sausalito-based FH One Investments has purchased the four-story, 106,000-square-foot Class A office tower at 500 Ygnacio Valley Road in downtown Walnut Creek for $22 million. Situated two blocks east—roughly a 10-minute walk—from the Walnut Creek BART station and less than half a mile from the Interstate 680 and Highway 24 interchange, the property is approximately 70% leased to tenants including United Business Bank and Old Republic Title.

The transaction, structured as a deed-in-lieu after Principal Real Estate Investors marketed the note in May 2026, resolved a $26 million unpaid loan balance accumulated by prior owner BroadShore Capital Partners and closed at roughly 37% below the amount BroadShore paid in 2016. Lowe Enterprises Investors had previously acquired the 105,495-square-foot structure from Pacific Eagle (US) Real Estate Fund. FH One President Daria Hosseinyoun said the firm will manage the building directly and upgrade amenities with a new tenant lounge and redesigned conference center. The deal follows FH One's summer 2026 acquisition of the 176,000-square-foot Sutter Square complex in Concord at a 58% discount and its ownership of Oakland's former PG&E headquarters at 1625 Clay Street.

According to Cushman & Wakefield data cited in the report, the East Bay Walnut Creek office market ended the third quarter of 2026 at 30.3% vacancy—down 20 basis points quarterly and up 140 basis points year over year—with 40,651 square feet of net absorption, 272,997 square feet of leasing activity (93% in Class A space), and an average asking rent of $3.06 per square foot. Colliers separately recorded first-quarter 2026 downtown Walnut Creek vacancy at 22.5% overall and 25.0% for Class A (up 500 basis points since mid-2024 and 2023), with asking rents between $3.35 and $6.25 per square foot. Other recent Walnut Creek sales include Synergy Petroleum Enterprises buying 1600 Riviera Avenue (128,090 square feet) for $14.5 million, or $113 per square foot, and Cilker purchasing 2099 Mount Diablo Boulevard (21,200 square feet) for $7.7 million, or $362 per square foot.

Contra Costa Water District Wins 2026 AMWA Sustainability Award

In regional utility news, Contra Costa Water District — News announced in a post dated October 26, 2026, that the district received the 2026 Association of Metropolitan Water Agencies (AMWA) Sustainable Water Utility Management Award. CCWD General Manager Rachel Murphy accepted the award at the AMWA 2026 Executive Management Conference, recognizing the district's economic, social, and environmental sustainability practices.

Brentwood Regional Community Chest Delivers Holiday Donation Barrels

In East Contra Costa County, The Press (Brentwood) reported in a November 3, 2026 community report that the Brentwood Regional Community Chest has delivered its holiday donation barrels across Brentwood for pantry and grocery items, with the official drop-off location list to be announced soon.